Mastercard (MA) revenue breakdown
By product, Payment network is the largest at 59% of fiscal 2025 revenue; Value-added services and solutions grew fastest, 20% a year over 5 years.
By region, Asia Pacific, Europe, Middle East and Africa is the largest at 57% of fiscal 2025 revenue; Americas grew fastest, 11% a year over 3 years.
Revenue by product
Fiscal years, as Mastercard reports them in its 10-K filings; fiscal 2025 total $32.8B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Payment network | — | — | $9.9B | $11.9B | $14.4B | $15.8B | $17.3B | $19.5B | 59% |
| Value-added services and solutions | — | — | $5.4B | $6.9B | $7.9B | $9.3B | $10.8B | $13.3B | 41% |
| Transaction processing | $7.4B | $8.5B | — | — | — | — | — | — | — |
| Domestic assessments | $6.1B | $6.8B | — | — | — | — | — | — | — |
| Cross-border volume fees | $5.0B | $5.6B | — | — | — | — | — | — | — |
| Other revenues | $3.3B | $4.1B | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Mastercard reports them in its 10-K filings; fiscal 2025 total $32.8B.
| Regions | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Asia Pacific, Europe, Middle East and Africa | $9.5B | $10.9B | $9.8B | $12.2B | $12.1B | $14.0B | $15.8B | $18.7B | 57% |
| Americas | — | — | — | — | $10.2B | $11.1B | $12.4B | $14.0B | 43% |
| North American Markets | $5.3B | $5.8B | $5.5B | $6.7B | — | — | — | — | — |
| Other | $124M | $171M | — | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MA.
Open MA in InvestinglyQuestions
Where does Mastercard make its money?
In fiscal 2025, by product: Payment network $19.5B, Value-added services and solutions $13.3B.
From Mastercard's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.