Mastercard Inc Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | ||||||||||||||||||
| (in millions, except per share data) | ||||||||||||||||||||
| Numerator | ||||||||||||||||||||
| Net income | $ | 14,968 | $ | 12,874 | $ | 11,195 | ||||||||||||||
| Denominator | ||||||||||||||||||||
| Basic weighted-average shares outstanding | 905 | 925 | 944 | |||||||||||||||||
| Dilutive stock options and stock units | 1 | 2 | 2 | |||||||||||||||||
Diluted weighted-average shares outstanding 1 | 906 | 927 | 946 | |||||||||||||||||
| Earnings per Share | ||||||||||||||||||||
| Basic | $ | 16.54 | $ | 13.91 | $ | 11.86 | ||||||||||||||
| Diluted | $ | 16.52 | $ | 13.89 | $ | 11.83 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 14, 2023 | |
| 2021 | Feb 11, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 13, 2019 | |
| 2017 | Feb 14, 2018 | |
| 2016 | Feb 15, 2017 | |
| 2015 | Feb 12, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.