Mastercard annual operating expenses
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Mastercard Operating Expenses Growth & History (MA)
Mastercard's operating expenses was $13.89B for fiscal 2025.
View full Mastercard company overviewMastercard annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $13.89B | $1.31B | +10.40% |
| 2024 | 2024-12-31 | $12.59B | $1.50B | +13.48% |
| 2023 | 2023-12-31 | $11.09B | $1.12B | +11.20% |
| 2022 | 2022-12-31 | $9.97B | $1.17B | +13.30% |
| 2021 | 2021-12-31 | $8.80B | $1.58B | +21.91% |
| 2020 | 2020-12-31 | $7.22B | $1.0M | +0.01% |
| 2019 | 2019-12-31 | $7.22B | −$449.0M | −5.86% |
| 2018 | 2018-12-31 | $7.67B | $1.79B | +30.52% |
| 2017 | 2017-12-31 | $5.88B | $860.0M | +17.15% |
| 2016 | 2016-12-31 | $5.01B | $426.0M | +9.28% |
| 2015 | 2015-12-31 | $4.59B | $222.0M | +5.08% |
| 2014 | 2014-12-31 | $4.37B | $524.0M | +13.64% |
| 2013 | 2013-12-31 | $3.84B | $389.0M | +11.26% |
| 2012 | 2012-12-31 | $3.45B | −$547.0M | −13.67% |
| 2011 | 2011-12-31 | $4.00B | $1.21B | +43.56% |
| 2010 | 2010-12-31 | $2.79B | −$52.0M | −1.83% |
| 2009 | 2009-12-31 | $2.84B | −$2.69B | −48.62% |
| 2008 | 2008-12-31 | $5.53B | $2.57B | +86.72% |
| 2007 | 2007-12-31 | $2.96B | — | — |
Mastercard quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.69B | $334.0M | +9.95% |
| Q1 2026 | 2026-03-31 | $3.49B | $390.0M | +12.58% |
| Q4 2025 | 2025-12-31 | $3.90B | $345.0M | +9.72% |
| Q3 2025 | 2025-09-30 | $3.54B | $176.0M | +5.23% |
| Q2 2025 | 2025-06-30 | $3.36B | $431.0M | +14.74% |
| Q1 2025 | 2025-03-31 | $3.10B | $357.0M | +13.01% |
| Q4 2024 | 2024-12-31 | $3.55B | $375.0M | +11.81% |
| Q3 2024 | 2024-09-30 | $3.37B | $676.0M | +25.14% |
| Q2 2024 | 2024-06-30 | $2.92B | $312.0M | +11.94% |
| Q1 2024 | 2024-03-31 | $2.74B | $132.0M | +5.05% |
| Q4 2023 | 2023-12-31 | $3.18B | $543.0M | +20.62% |
| Q3 2023 | 2023-09-30 | $2.69B | $45.0M | +1.70% |
| Q2 2023 | 2023-06-30 | $2.61B | $134.0M | +5.41% |
| Q1 2023 | 2023-03-31 | $2.61B | $395.0M | +17.82% |
| Q4 2022 | 2022-12-31 | $2.63B | $244.0M | +10.21% |
| Q3 2022 | 2022-09-30 | $2.64B | $376.0M | +16.58% |
| Q2 2022 | 2022-06-30 | $2.48B | $292.0M | +13.35% |
| Q1 2022 | 2022-03-31 | $2.22B | $259.0M | +13.23% |
| Q4 2021 | 2021-12-31 | $2.39B | $327.0M | +15.86% |
| Q3 2021 | 2021-09-30 | $2.27B | $536.0M | +30.95% |
| Q2 2021 | 2021-06-30 | $2.19B | $559.0M | +34.34% |
| Q1 2021 | 2021-03-31 | $1.96B | $160.0M | +8.90% |
| Q4 2020 | 2020-12-31 | $2.06B | $47.0M | +2.33% |
| Q3 2020 | 2020-09-30 | $1.73B | −$80.0M | −4.42% |
| Q2 2020 | 2020-06-30 | $1.63B | −$88.0M | −5.13% |
| Q1 2020 | 2020-03-31 | $1.80B | $122.0M | +7.28% |
| Q4 2019 | 2019-12-31 | $2.02B | −$558.0M | −21.69% |
| Q3 2019 | 2019-09-30 | $1.81B | $201.0M | +12.48% |
| Q2 2019 | 2019-06-30 | $1.72B | −$13.0M | −0.75% |
| Q1 2019 | 2019-03-31 | $1.68B | −$79.0M | −4.50% |
| Q4 2018 | 2018-12-31 | $2.57B | $783.0M | +43.74% |
| Q3 2018 | 2018-09-30 | $1.61B | $154.0M | +10.57% |
| Q2 2018 | 2018-06-30 | $1.73B | $329.0M | +23.50% |
| Q1 2018 | 2018-03-31 | $1.75B | $527.0M | +42.92% |
| Q4 2017 | 2017-12-31 | $1.79B | $397.0M | +28.50% |
| Q3 2017 | 2017-09-30 | $1.46B | $247.0M | +20.41% |
| Q2 2017 | 2017-06-30 | $1.40B | $86.0M | +6.54% |
| Q1 2017 | 2017-03-31 | $1.23B | $130.0M | +11.84% |
| Q4 2016 | 2016-12-31 | $1.39B | −$17.0M | −1.21% |
| Q3 2016 | 2016-09-30 | $1.21B | $49.0M | +4.22% |
| Q2 2016 | 2016-06-30 | $1.31B | $175.0M | +15.36% |
| Q1 2016 | 2016-03-31 | $1.10B | $219.0M | +24.91% |
| Q4 2015 | 2015-12-31 | $1.41B | −$15.0M | −1.05% |
| Q3 2015 | 2015-09-30 | $1.16B | $91.0M | +8.50% |
| Q2 2015 | 2015-06-30 | $1.14B | $154.0M | +15.63% |
| Q1 2015 | 2015-03-31 | $879.0M | −$8.0M | −0.90% |
| Q4 2014 | 2014-12-31 | $1.43B | $219.0M | +18.16% |
| Q3 2014 | 2014-09-30 | $1.07B | $100.0M | +10.31% |
| Q2 2014 | 2014-06-30 | $985.0M | $117.0M | +13.48% |
| Q1 2014 | 2014-03-31 | $887.0M | $88.0M | +11.01% |
| Q4 2013 | 2013-12-31 | $1.21B | $210.0M | +21.08% |
| Q3 2013 | 2013-09-30 | $970.0M | $116.0M | +13.58% |
| Q2 2013 | 2013-06-30 | $868.0M | $22.0M | +2.60% |
| Q1 2013 | 2013-03-31 | $799.0M | $41.0M | +5.41% |
| Q4 2012 | 2012-12-31 | $996.0M | −$742.0M | −42.69% |
| Q3 2012 | 2012-09-30 | $854.0M | $38.0M | +4.66% |
| Q2 2012 | 2012-06-30 | $846.0M | $64.0M | +8.18% |
| Q1 2012 | 2012-03-31 | $758.0M | $93.0M | +13.98% |
| Q4 2011 | 2011-12-31 | $1.74B | $869.0M | +100.00% |
| Q3 2011 | 2011-09-30 | $816.0M | $154.0M | +23.26% |
| Q2 2011 | 2011-06-30 | $782.0M | $134.0M | +20.68% |
| Q1 2011 | 2011-03-31 | $665.0M | $57.0M | +9.38% |
| Q4 2010 | 2010-12-31 | $869.0M | $39.0M | +4.70% |
| Q3 2010 | 2010-09-30 | $662.0M | −$29.0M | −4.20% |
| Q2 2010 | 2010-06-30 | $648.0M | −$75.0M | −10.37% |
| Q1 2010 | 2010-03-31 | $608.0M | $13.0M | +2.18% |
| Q4 2009 | 2009-12-31 | $830.0M | — | — |
| Q3 2009 | 2009-09-30 | $691.0M | −$926.4M | −57.28% |
| Q2 2009 | 2009-06-30 | $723.0M | −$1.76B | −70.84% |
| Q1 2009 | 2009-03-31 | $595.0M | — | — |
| Q3 2008 | 2008-09-30 | $1.62B | — | — |
| Q2 2008 | 2008-06-30 | $2.48B | — | — |
Mastercard operating expenses trends
Over the last five fiscal years, Mastercard's operating expenses increased from $7.22B to $13.89B, a change of $6.67B. The latest reported quarter, Q2 2026, shows $3.69B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mastercard source filings ↗