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Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Analysis of Revenues

Microsoft Excel

Revenues as Reported

Mastercard Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Payment network 14,358 11,943 9,897 — —
Value-added services and solutions 7,879 6,941 5,404 — —
Net revenue 22,237 18,884 15,301 — —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Net revenue exhibits a consistent upward trajectory from 2020 to 2022, increasing from US$ 15,301 million to US$ 22,237 million. This growth represents a steady expansion of the company's top line, characterized by significant year-over-year gains throughout the observed period.

Payment Network Revenue Trend
A sustained growth pattern is observed in the payment network segment, with revenues rising from US$ 9,897 million in 2020 to US$ 14,358 million in 2022. The absolute increase accelerated between 2021 and 2022, indicating strong and stable momentum in the core business operations.
Value-Added Services and Solutions Trend
Revenue from value-added services and solutions increased from US$ 5,404 million in 2020 to US$ 7,879 million in 2022. While a substantial increase occurred between 2020 and 2021, the pace of growth moderated in the subsequent year, although the overall trend remained positive.
Revenue Composition Analysis
The proportional contribution of the two primary revenue streams has remained remarkably stable over the three-year period. The payment network consistently accounts for approximately 63% to 65% of total net revenue, while value-added services and solutions maintain a contribution of approximately 35% to 37%.

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