Segment Reporting

9 Months Ended

Sep. 30, 2025

Mastercard has concluded it has one reportable operating segment, “Payment Solutions.” The following represents the selected financial information of the Payment Solutions segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in millions)
Net revenue	$	8,602	$	7,369	$	23,985	$	20,678
Less:
Personnel	1,893		1,899		5,433		5,020
Professional fees	128		129		348		358
Data processing and telecommunications	324		279		930		820
Foreign exchange activity	26		16		68		49
Advertising and marketing	245		220		610		520
Depreciation and amortization	290		225		846		666
Provision for litigation	83		176		330		400
Investment income	(81)		(76)		(239)		(231)
(Gains) losses on equity investments, net	(41)		62		(16)		69
Interest expense	186		159		563		462
Other (income) expense, net	(2)		(7)		(23)		(19)
Income tax expense	1,072		603		2,794		1,831
Other segment items 1	552		421		1,433		1,201
Consolidated net income	$	3,927	$	3,263	$	10,908	$	9,532

1Includes fulfillment costs, occupancy costs, travel and meeting expenses and other overhead expenses.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Mastercard Inc 10-Q