Return on Assets (ROA)
since 2006
Calculation
Mastercard Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 25.64% | = | 100 | × | 9,930) | ÷ | 38,724) |
| Dec 31, 2021 | 23.06% | = | 100 | × | 8,687) | ÷ | 37,669) |
| Dec 31, 2020 | 19.09% | = | 100 | × | 6,411) | ÷ | 33,584) |
| Dec 31, 2019 | 27.77% | = | 100 | × | 8,118) | ÷ | 29,236) |
| Dec 31, 2018 | 23.57% | = | 100 | × | 5,859) | ÷ | 24,860) |
| Dec 31, 2017 | 18.36% | = | 100 | × | 3,915) | ÷ | 21,329) |
| Dec 31, 2016 | 21.73% | = | 100 | × | 4,059) | ÷ | 18,675) |
| Dec 31, 2015 | 23.41% | = | 100 | × | 3,808) | ÷ | 16,269) |
| Dec 31, 2014 | 23.60% | = | 100 | × | 3,617) | ÷ | 15,329) |
| Dec 31, 2013 | 21.88% | = | 100 | × | 3,116) | ÷ | 14,242) |
| Dec 31, 2012 | 22.14% | = | 100 | × | 2,759) | ÷ | 12,462) |
| Dec 31, 2011 | 17.82% | = | 100 | × | 1,906) | ÷ | 10,693) |
| Dec 31, 2010 | 20.89% | = | 100 | × | 1,846) | ÷ | 8,837) |
| Dec 31, 2009 | 19.58% | = | 100 | × | 1,463) | ÷ | 7,470) |
| Dec 31, 2008 | -3.92% | = | 100 | × | (254) | ÷ | 6,476) |
| Dec 31, 2007 | 17.35% | = | 100 | × | 1,086) | ÷ | 6,260) |
| Dec 31, 2006 | 0.99% | = | 100 | × | 50) | ÷ | 5,082) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
1 US$ in millions
- Net Income (Loss)
- The net income demonstrated considerable volatility in the earlier years, with a significant loss recorded in 2008. From 2006 to 2007, there was a substantial increase from 50 million to 1,086 million US dollars, followed by a sharp reversal to a loss of 254 million in 2008. After this fluctuation, the trend shifted positively, with net income recovering robustly to 1,463 million in 2009 and continuing to grow steadily in subsequent years. From 2010 onwards, net income showed a consistent upward trajectory, reaching 9,930 million by 2022. Notably, there were some fluctuations in growth pace such as a dip in 2020 compared to 2019, but the overall long-term pattern reflects sustained profitability improvement.
- Total Assets
- Total assets increased consistently over the entire period, indicating ongoing expansion and asset acquisition. Starting at 5,082 million US dollars in 2006, assets grew steadily each year without any reversals, reaching 38,724 million by 2022. This steady growth suggests an ongoing investment in assets and scaling of operations. The rate of asset growth appears to accelerate slightly in the latter years, particularly from 2016 onwards, which may reflect strategic growth initiatives or acquisitions.
- Return on Assets (ROA)
- ROA exhibited significant fluctuations during the early years, consistent with the volatility in net income. It dropped sharply into negative territory in 2008 (-3.92%), aligning with the net loss reported that year. Following this dip, ROA recovered strongly and remained relatively high in the years that followed, consistently exceeding 17% from 2007 onwards. Peaks were observed in 2010 (20.89%), 2014 (23.60%), and 2019 (27.77%), reflecting periods of particularly effective asset utilization and profitability. Despite some decline in certain years such as 2017 and 2020, the overall trend in ROA indicates enhanced efficiency and effective allocation of assets over time.
Comparison to Competitors
Mastercard Inc., ROA, long-term trends, comparison to competitors
| Mastercard Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 25.64% | 14.55% | 17.51% | 16.53% | -6.49% | 25.90% | 1.29% | 7.45% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Dec 31, 2021 | 23.06% | 13.68% | 17.70% | 15.87% | -3.39% | 25.01% | 4.35% | 13.29% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Dec 31, 2020 | 19.09% | 13.78% | 21.66% | 14.95% | -10.09% | 14.72% | 3.58% | 16.70% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Dec 31, 2019 | 27.77% | 16.04% | 14.22% | 29.46% | — | 13.40% | 6.20% | 24.78% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Dec 31, 2018 | 23.57% | 16.61% | 13.80% | 14.01% | — | 11.35% | 7.07% | 23.39% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Dec 31, 2017 | 18.36% | 15.18% | 11.65% | 8.44% | — | 10.21% | 4.59% | 23.87% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Dec 31, 2016 | 21.73% | 19.95% | 9.20% | 9.69% | — | 8.96% | 10.11% | 23.04% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Dec 31, 2015 | 23.41% | 16.72% | 5.37% | 10.74% | — | 7.03% | 11.94% | 7.35% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Dec 31, 2014 | 23.60% | 16.41% | 2.49% | 4.95% | — | 7.96% | 10.23% | 17.44% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Dec 31, 2013 | 21.88% | 19.46% | 2.79% | 6.76% | — | 7.76% | 13.06% | 15.64% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Dec 31, 2012 | 22.14% | 15.32% | 8.35% | 19.24% | — | 7.94% | 13.93% | 16.91% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Dec 31, 2011 | 17.82% | 14.48% | 9.26% | 4.10% | — | 6.34% | 13.62% | 12.41% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Dec 31, 2010 | 20.89% | 13.87% | 9.52% | 7.31% | — | 5.74% | 13.07% | 11.04% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Dec 31, 2009 | 19.58% | 12.97% | 5.31% | -10.62% | — | 4.99% | 12.31% | 9.26% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Dec 31, 2008 | -3.92% | 13.64% | 14.98% | -110.44% | — | 6.58% | 11.26% | 10.22% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Dec 31, 2007 | 17.35% | 11.57% | 12.67% | 7.65% | — | 8.20% | 8.65% | 10.35% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Dec 31, 2006 | 0.99% | 10.33% | 8.48% | 4.14% | — | 7.83% | 9.19% | 15.05% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
Comparison to Sector (Software & Services)
Mastercard Inc., ROA, long-term trends, comparison to sector (software & services)
| Mastercard Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | 25.64% | 11.41% |
| Dec 31, 2021 | 23.06% | 12.29% |
| Dec 31, 2020 | 19.09% | 9.68% |
| Dec 31, 2019 | 27.77% | 10.84% |
| Dec 31, 2018 | 23.57% | 6.12% |
| Dec 31, 2017 | 18.36% | 7.30% |
| Dec 31, 2016 | 21.73% | 8.86% |
| Dec 31, 2015 | 23.41% | 8.53% |
| Dec 31, 2014 | 23.60% | 11.17% |
| Dec 31, 2013 | 21.88% | 13.45% |
| Dec 31, 2012 | 22.14% | 13.34% |
| Dec 31, 2011 | 17.82% | 15.31% |
| Dec 31, 2010 | 20.89% | 14.65% |
| Dec 31, 2009 | 19.58% | 13.59% |
| Dec 31, 2008 | -3.92% | 14.28% |
| Dec 31, 2007 | 17.35% | 12.82% |
| Dec 31, 2006 | 0.99% | 12.17% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).
Comparison to Industry (Information Technology)
Mastercard Inc., ROA, long-term trends, comparison to industry (information technology)
| Mastercard Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 25.64% | 14.57% |
| Dec 31, 2021 | 23.06% | 14.67% |
| Dec 31, 2020 | 19.09% | 11.45% |
| Dec 31, 2019 | 27.77% | 11.78% |
| Dec 31, 2018 | 23.57% | 10.94% |
| Dec 31, 2017 | 18.36% | 9.05% |
| Dec 31, 2016 | 21.73% | 9.79% |
| Dec 31, 2015 | 23.41% | 11.53% |
| Dec 31, 2014 | 23.60% | 12.36% |
| Dec 31, 2013 | 21.88% | 13.26% |
| Dec 31, 2012 | 22.14% | 14.08% |
| Dec 31, 2011 | 17.82% | 15.10% |
| Dec 31, 2010 | 20.89% | 14.50% |
| Dec 31, 2009 | 19.58% | 10.08% |
| Dec 31, 2008 | -3.92% | 11.99% |
| Dec 31, 2007 | 17.35% | 12.03% |
| Dec 31, 2006 | 0.99% | 12.21% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31).