Visa Inc. vs Mastercard Incorporated
In their latest fiscal years, Visa Inc. reported revenue of $40.00B and Mastercard Incorporated reported $32.79B — V was 1.2× larger by revenue. Net income was $20.06B for V and $14.97B for MA.
| Latest fiscal year | V · FY ended Sep 2025 | MA · FY ended Dec 2025 |
|---|---|---|
| Revenue | $40.00B | $32.79B |
| Revenue growth | +11.3% | +16.4% |
| Operating income | $23.99B | $18.90B |
| Net income | $20.06B | $14.97B |
| Net margin | 50.1% | 45.6% |
| Diluted EPS | — | $16.52 |
| Operating cash flow | $23.06B | $17.65B |
| Total assets | $99.63B | $54.16B |
| Total liabilities | $61.72B | $46.41B |
| Shareholders' equity | $37.91B | $7.74B |
| Cash & equivalents | $17.16B | $10.57B |
The two companies use different fiscal years: Visa Inc. ended its latest year on Sep 30, 2025, Mastercard Incorporated on Dec 31, 2025. Annual figures cover different 12-month windows, so compare trends rather than exact quarters.
Revenue over time
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Both columns use the same XBRL concepts where possible, but companies may define revenue and other line items differently. Banks, insurers and industrial companies are not directly comparable on margins. Source: SEC EDGAR XBRL company facts. Not investment advice.