MA - Mastercard Incorporated
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$674.36
DETAILS
HIGH:
$735.00
LOW:
$610.00
MEDIAN:
$665.00
CONSENSUS:
$674.36
UPSIDE:
25.00%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 28,167.0 | 25,098.0 | 22,237.0 | 18,884.0 | 15,301.0 | 16,883.0 | 14,950.0 | 12,497.0 | 10,776.0 | 9,667.0 |
| Cost of Revenue | 6,673.0 | 6,022.0 | 5,263.0 | 4,489.0 | 3,787.0 | 3,537.0 | 3,214.0 | 2,687.0 | 2,225.0 | 2,105.0 |
| Gross Profit | 21,494.0 | 19,076.0 | 16,974.0 | 14,395.0 | 11,514.0 | 13,346.0 | 11,736.0 | 9,810.0 | 8,551.0 | 7,562.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 4,270.0 | 3,647.0 | 3,502.0 | 3,442.0 | 2,771.0 | 3,128.0 | 2,903.0 | 2,631.0 | 2,266.0 | 2,139.0 |
| Other Expenses | 1,642.0 | 1,421.0 | 1,208.0 | 871.0 | 662.0 | 554.0 | 1,551.0 | 557.0 | 524.0 | 345.0 |
| Operating Expenses | 5,912.0 | 5,068.0 | 4,710.0 | 4,313.0 | 3,433.0 | 3,682.0 | 4,454.0 | 3,188.0 | 2,790.0 | 2,484.0 |
| Operating Income | ||||||||||
| Operating Income | 15,582.0 | 14,008.0 | 12,264.0 | 10,082.0 | 8,081.0 | 9,664.0 | 7,282.0 | 6,622.0 | 5,761.0 | 5,078.0 |
| Interest Expense | 646.0 | 575.0 | 471.0 | 431.0 | 380.0 | 224.0 | 186.0 | 154.0 | 95.0 | 61.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 16,797.0 | 15,013.0 | 12,953.0 | 11,464.0 | 8,720.0 | 10,477.0 | 7,849.0 | 7,113.0 | 6,114.0 | 5,385.0 |
| EBIT | 15,900.0 | 14,214.0 | 12,203.0 | 10,738.0 | 8,140.0 | 9,955.0 | 7,390.0 | 6,676.0 | 5,741.0 | 5,019.0 |
| Income Before Tax | 15,254.0 | 13,639.0 | 11,732.0 | 10,307.0 | 7,760.0 | 9,731.0 | 7,204.0 | 6,522.0 | 5,646.0 | 4,958.0 |
| Income Tax Expense | 2,380.0 | 2,444.0 | 1,802.0 | 1,620.0 | 1,349.0 | 1,613.0 | 1,345.0 | 2,607.0 | 1,587.0 | 1,150.0 |
| Net Income | 12,874.0 | 11,195.0 | 9,930.0 | 8,687.0 | 6,411.0 | 8,118.0 | 5,859.0 | 3,915.0 | 4,059.0 | 3,808.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 13.92 | 11.86 | 10.26 | 8.79 | 6.40 | 7.98 | 5.63 | 3.67 | 3.70 | 3.36 |
| EPS (Diluted) | 13.89 | 11.83 | 10.23 | 8.76 | 6.37 | 7.94 | 5.60 | 3.65 | 3.69 | 3.35 |
| Shares Outstanding | 925.0 | 944.0 | 968.0 | 988.0 | 1,002.0 | 1,017.0 | 1,041.0 | 1,067.0 | 1,098.0 | 1,134.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 8,442.0 | 8,588.0 | 7,008.0 | 7,421.0 | 10,113.0 | 6,988.0 | 6,682.0 | 5,933.0 | 6,721.0 | 5,747.0 |
| Short-Term Investments | 330.0 | 592.0 | 400.0 | 473.0 | 483.0 | 688.0 | 1,696.0 | 1,849.0 | 1,614.0 | 991.0 |
| Net Receivables | 3,773.0 | 4,060.0 | 3,425.0 | 3,006.0 | 2,646.0 | 5,509.0 | 4,728.0 | 3,344.0 | 2,509.0 | 2,147.0 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 7,179.0 | 5,721.0 | 5,773.0 | 6,049.0 | 5,871.0 | 3,717.0 | 3,065.0 | 2,671.0 | 2,384.0 | 2,099.0 |
| Total Current Assets | 19,724.0 | 18,961.0 | 16,606.0 | 16,949.0 | 19,113.0 | 16,902.0 | 16,171.0 | 13,797.0 | 13,228.0 | 10,984.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,138.0 | 2,061.0 | 2,006.0 | 1,907.0 | 1,902.0 | 1,828.0 | 921.0 | 829.0 | 733.0 | 675.0 |
| Goodwill | 9,193.0 | 7,660.0 | 7,522.0 | 7,662.0 | 4,960.0 | 4,021.0 | 2,904.0 | 3,035.0 | 1,756.0 | 1,891.0 |
| Intangible Assets | 5,453.0 | 4,086.0 | 3,859.0 | 3,671.0 | 1,753.0 | 1,417.0 | 991.0 | 1,120.0 | 722.0 | 803.0 |
| Long-Term Investments | 1,607.0 | 1,729.0 | 1,730.0 | 1,834.0 | 1,172.0 | 914.0 | 337.0 | 249.0 | 132.0 | 166.0 |
| Other Non-Current Assets | 8,352.0 | 6,596.0 | 5,850.0 | 5,160.0 | 4,193.0 | 3,611.0 | 2,966.0 | 2,049.0 | 1,797.0 | 1,414.0 |
| Total Non-Current Assets | 28,357.0 | 23,487.0 | 22,118.0 | 20,720.0 | 14,471.0 | 12,334.0 | 8,689.0 | 7,532.0 | 5,447.0 | 5,266.0 |
| Total Assets | 48,081.0 | 42,448.0 | 38,724.0 | 37,669.0 | 33,584.0 | 29,236.0 | 24,860.0 | 21,329.0 | 18,675.0 | 16,250.0 |
| Current Liabilities | ||||||||||
| Account Payables | 929.0 | 834.0 | 926.0 | 738.0 | 527.0 | 489.0 | 537.0 | 933.0 | 609.0 | 472.0 |
| Short-Term Debt | 750.0 | 1,337.0 | 274.0 | 792.0 | 649.0 | 0.0 | 500.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 218.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 6,218.0 | 4,853.0 | 4,076.0 | 4,150.0 | 4,399.0 | 2,298.0 | 4,000.0 | 4,123.0 | 3,440.0 | 3,177.0 |
| Total Current Liabilities | 19,220.0 | 16,264.0 | 14,171.0 | 13,162.0 | 11,847.0 | 11,904.0 | 11,593.0 | 8,793.0 | 7,206.0 | 6,269.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 17,476.0 | 14,344.0 | 13,749.0 | 13,109.0 | 12,023.0 | 8,527.0 | 5,834.0 | 5,424.0 | 5,180.0 | 3,268.0 |
| Deferred Tax Liabilities | 317.0 | 369.0 | 393.0 | 395.0 | 86.0 | 85.0 | 67.0 | 106.0 | 81.0 | 79.0 |
| Other Non-Current Liabilities | 4,553.0 | 4,474.0 | 4,034.0 | 3,591.0 | 3,111.0 | 2,729.0 | 1,877.0 | 1,438.0 | 524.0 | 572.0 |
| Total Non-Current Liabilities | 22,346.0 | 19,187.0 | 18,176.0 | 17,095.0 | 15,220.0 | 11,341.0 | 7,778.0 | 6,968.0 | 5,785.0 | 3,919.0 |
| Total Liabilities | 41,566.0 | 35,451.0 | 32,347.0 | 30,257.0 | 27,067.0 | 23,245.0 | 19,371.0 | 15,761.0 | 12,991.0 | 10,188.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 72,907.0 | 62,564.0 | 53,607.0 | 45,648.0 | 38,747.0 | 33,984.0 | 27,283.0 | 22,364.0 | 19,418.0 | 16,222.0 |
| Accumulated Other Comprehensive Income | (1,433.0) | (1,099.0) | (1,253.0) | (809.0) | (680.0) | (673.0) | (718.0) | (497.0) | (924.0) | (676.0) |
| Total Stockholders' Equity | 6,485.0 | 6,929.0 | 6,298.0 | 7,312.0 | 6,391.0 | 5,893.0 | 5,395.0 | 5,468.0 | 5,656.0 | 6,028.0 |
| Total Liabilities & Equity | 48,081.0 | 42,448.0 | 38,724.0 | 37,669.0 | 33,584.0 | 29,236.0 | 24,860.0 | 21,329.0 | 18,675.0 | 16,250.0 |
| Debt Metrics | ||||||||||
| Total Debt | 18,226.0 | 15,681.0 | 14,023.0 | 13,901.0 | 12,672.0 | 8,527.0 | 6,334.0 | 5,424.0 | 5,180.0 | 3,268.0 |
| Net Debt | 9,784.0 | 7,093.0 | 7,015.0 | 6,480.0 | 2,559.0 | 1,539.0 | (348.0) | (509.0) | (1,541.0) | (2,479.0) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 12,874.0 | 11,195.0 | 9,930.0 | 8,687.0 | 6,411.0 | 8,118.0 | 5,859.0 | 3,915.0 | 4,059.0 | 3,808.0 |
| Depreciation & Amortization | 897.0 | 799.0 | 750.0 | 726.0 | 580.0 | 522.0 | 459.0 | 437.0 | 373.0 | 366.0 |
| Stock-Based Compensation | 526.0 | 460.0 | 295.0 | 273.0 | 254.0 | 250.0 | 196.0 | 176.0 | 101.0 | 80.0 |
| Change in Working Capital | (1,040.0) | (1,943.0) | (904.0) | (916.0) | (1,150.0) | (1,698.0) | (1,313.0) | (286.0) | (867.0) | (820.0) |
| Other Non-Cash Items | 2,050.0 | 1,705.0 | 1,775.0 | 762.0 | 1,056.0 | 998.0 | 1,266.0 | 1,227.0 | 889.0 | 683.0 |
| Operating Cash Flow | 14,780.0 | 11,980.0 | 11,195.0 | 9,463.0 | 7,224.0 | 8,183.0 | 6,223.0 | 5,555.0 | 4,484.0 | 4,043.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (474.0) | (371.0) | (1,097.0) | (814.0) | (708.0) | (728.0) | (504.0) | (423.0) | (382.0) | (342.0) |
| Acquisitions | (2,511.0) | 0.0 | (313.0) | (4,436.0) | (989.0) | (1,440.0) | 174.0 | (1,175.0) | (167.0) | (584.0) |
| Purchases of Investments | (658.0) | (736.0) | (594.0) | (911.0) | (807.0) | (1,325.0) | (1,900.0) | (2,006.0) | (1,824.0) | (1,892.0) |
| Sales/Maturities of Investments | 586.0 | 479.0 | 537.0 | 856.0 | 622.0 | 1,857.0 | 1,912.0 | 1,824.0 | 1,072.0 | 2,102.0 |
| Other Investing Activities | (345.0) | (723.0) | (3.0) | 33.0 | 3.0 | (4.0) | (188.0) | 1.0 | 134.0 | 1.0 |
| Investing Cash Flow | (3,402.0) | (1,351.0) | (1,470.0) | (5,272.0) | (1,879.0) | (1,640.0) | (506.0) | (1,779.0) | (1,167.0) | (715.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 2,624.0 | 1,554.0 | 399.0 | 1,374.0 | 3,959.0 | 2,224.0 | 991.0 | (64.0) | 1,972.0 | 1,735.0 |
| Stock Repurchased | (11,035.0) | (9,032.0) | (8,753.0) | (5,904.0) | (4,473.0) | (6,497.0) | (4,933.0) | (3,762.0) | (3,511.0) | (3,518.0) |
| Dividends Paid | (2,448.0) | (2,158.0) | (1,903.0) | (1,741.0) | (1,605.0) | (1,345.0) | (1,044.0) | (942.0) | (837.0) | (727.0) |
| Other Financing Activities | (201.0) | 237.0 | 70.0 | (345.0) | 117.0 | (375.0) | 100.0 | (53.0) | 134.0 | 110.0 |
| Financing Cash Flow | (10,836.0) | (9,488.0) | (10,328.0) | (6,555.0) | (2,152.0) | (5,867.0) | (4,966.0) | (4,764.0) | (2,293.0) | (2,458.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 343.0 | 1,269.0 | (706.0) | (2,517.0) | 3,450.0 | 632.0 | 745.0 | (788.0) | 974.0 | 610.0 |
| Cash at Beginning | 10,465.0 | 9,196.0 | 9,902.0 | 12,419.0 | 8,969.0 | 8,337.0 | 7,592.0 | 6,721.0 | 5,747.0 | 5,137.0 |
| Cash at End | 10,808.0 | 10,465.0 | 9,196.0 | 9,902.0 | 12,419.0 | 8,969.0 | 8,337.0 | 5,933.0 | 6,721.0 | 5,747.0 |
| Free Cash Flow | 14,306.0 | 11,609.0 | 10,098.0 | 8,649.0 | 6,516.0 | 7,455.0 | 5,719.0 | 5,132.0 | 4,102.0 | 3,701.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 28,167.0 | 25,098.0 | 22,237.0 | 18,884.0 | 15,301.0 | 16,883.0 | 14,950.0 | 12,497.0 | 10,776.0 | 9,667.0 |
| Gross Profit | 21,494.0 | 19,076.0 | 16,974.0 | 14,395.0 | 11,514.0 | 13,346.0 | 11,736.0 | 9,810.0 | 8,551.0 | 7,562.0 |
| Operating Income | 15,582.0 | 14,008.0 | 12,264.0 | 10,082.0 | 8,081.0 | 9,664.0 | 7,282.0 | 6,622.0 | 5,761.0 | 5,078.0 |
| Net Income | 12,874.0 | 11,195.0 | 9,930.0 | 8,687.0 | 6,411.0 | 8,118.0 | 5,859.0 | 3,915.0 | 4,059.0 | 3,808.0 |
| EPS (Diluted) | 13.89 | 11.83 | 10.23 | 8.76 | 6.37 | 7.94 | 5.60 | 3.65 | 3.69 | 3.35 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 8,442.0 | 8,588.0 | 7,008.0 | 7,421.0 | 10,113.0 | 6,988.0 | 6,682.0 | 5,933.0 | 6,721.0 | 5,747.0 |
| Total Assets | 48,081.0 | 42,448.0 | 38,724.0 | 37,669.0 | 33,584.0 | 29,236.0 | 24,860.0 | 21,329.0 | 18,675.0 | 16,250.0 |
| Total Debt | 18,226.0 | 15,681.0 | 14,023.0 | 13,901.0 | 12,672.0 | 8,527.0 | 6,334.0 | 5,424.0 | 5,180.0 | 3,268.0 |
| Stockholders' Equity | 6,485.0 | 6,929.0 | 6,298.0 | 7,312.0 | 6,391.0 | 5,893.0 | 5,395.0 | 5,468.0 | 5,656.0 | 6,028.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 14,780.0 | 11,980.0 | 11,195.0 | 9,463.0 | 7,224.0 | 8,183.0 | 6,223.0 | 5,555.0 | 4,484.0 | 4,043.0 |
| Capital Expenditure | (474.0) | (371.0) | (1,097.0) | (814.0) | (708.0) | (728.0) | (504.0) | (423.0) | (382.0) | (342.0) |
| Free Cash Flow | 14,306.0 | 11,609.0 | 10,098.0 | 8,649.0 | 6,516.0 | 7,455.0 | 5,719.0 | 5,132.0 | 4,102.0 | 3,701.0 |