Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Mastercard Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Net revenue	5,748)	5,817)	5,756)	5,497)	5,167)	5,216)	4,985)	4,528)	4,155)	4,120)	3,837)	3,335)	4,009)	4,414)	4,467)	4,113)	3,889)	3,807)	3,898)	3,665)	3,580)
General and administrative	(2,043)	(2,218)	(2,069)	(1,947)	(1,844)	(1,862)	(1,831)	(1,718)	(1,676)	(1,625)	(1,423)	(1,368)	(1,494)	(1,579)	(1,448)	(1,369)	(1,367)	(1,490)	(1,236)	(1,154)	(1,294)
Advertising and marketing	(167)	(216)	(182)	(210)	(181)	(338)	(222)	(216)	(119)	(242)	(168)	(93)	(154)	(290)	(227)	(225)	(192)	(213)	(235)	(235)	(224)
Depreciation and amortization	(191)	(184)	(185)	(189)	(192)	(189)	(188)	(186)	(163)	(150)	(141)	(145)	(144)	(146)	(137)	(122)	(117)	(113)	(111)	(115)	(120)
Provision for litigation	(211)	(15)	(208)	(133)	—)	—)	(27)	(67)	—)	(45)	—)	(22)	(6)	—)	—)	—)	—)	(757)	(29)	(225)	(117)
Operating expenses	(2,612)	(2,633)	(2,644)	(2,479)	(2,217)	(2,389)	(2,268)	(2,187)	(1,958)	(2,062)	(1,732)	(1,628)	(1,798)	(2,015)	(1,812)	(1,716)	(1,676)	(2,573)	(1,611)	(1,729)	(1,755)
Operating income	3,136)	3,184)	3,112)	3,018)	2,950)	2,827)	2,717)	2,341)	2,197)	2,058)	2,105)	1,707)	2,211)	2,399)	2,655)	2,397)	2,213)	1,234)	2,287)	1,936)	1,825)
Investment income	55)	33)	16)	7)	5)	2)	5)	3)	1)	(3)	3)	8)	16)	20)	26)	24)	27)	43)	31)	31)	17)
Gains (losses) on equity investments, net	(212)	(12)	60)	(117)	(76)	111)	197)	243)	94)	220)	(91)	75)	(174)	119)	(100)	143)	5)	—)	—)	—)	—)
Interest expense	(132)	(127)	(120)	(114)	(110)	(108)	(110)	(106)	(107)	(105)	(105)	(101)	(69)	(64)	(63)	(51)	(46)	(47)	(48)	(48)	(43)
Other income (expense), net	6)	11)	4)	4)	4)	(9)	7)	(3)	5)	(2)	3)	1)	3)	1)	16)	6)	4)	(15)	(6)	3)	4)
Other income (expense)	(283)	(95)	(40)	(220)	(177)	(4)	99)	137)	(7)	110)	(190)	(17)	(224)	76)	(121)	122)	(10)	(19)	(23)	(14)	(22)
Income before income taxes	2,853)	3,089)	3,072)	2,798)	2,773)	2,823)	2,816)	2,478)	2,190)	2,168)	1,915)	1,690)	1,987)	2,475)	2,534)	2,519)	2,203)	1,215)	2,264)	1,922)	1,803)
Income tax expense	(492)	(564)	(573)	(523)	(142)	(444)	(402)	(412)	(362)	(383)	(402)	(270)	(294)	(375)	(426)	(471)	(341)	(316)	(365)	(353)	(311)
Net income	2,361)	2,525)	2,499)	2,275)	2,631)	2,379)	2,414)	2,066)	1,828)	1,785)	1,513)	1,420)	1,693)	2,100)	2,108)	2,048)	1,862)	899)	1,899)	1,569)	1,492)

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Mastercard Inc. net revenue increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Mastercard Inc. operating income increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Mastercard Inc. income before income taxes increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Mastercard Inc. net income increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.

Mastercard Inc. (NYSE:MA)

Income StatementQuarterly Data

Income Statement
Quarterly Data