The above graph represents Mastercard revenue by year, starting from fiscal 2001 to the most recently completed year. The revenue of Mastercard has increased swiftly over the years starting from fiscal 2001 to 2018. Fiscal 2018 proved to be a milestone year for Mastercard Inc. (NYSE:MA) in terms of revenue. The company posted $14,950 million in revenue, a considerable increase of 19.62% YoY in 2018.
Mastercard surpassed the $5 billion yearly revenue milestone in 2009. It took Mastercard another 7 years to touch the magical $10 billion yearly revenue mark. However, in the last two years, the revenue growth of Mastercard has been astounding as the company is on verge of achieving $15 billion revenue milestone now.
Mastercard Revenue, by Fiscal Year: Additional Info
Mastercard is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States. The Global Operations Headquarters is located in O’Fallon, Missouri, United States, a municipality of St. Charles County, Missouri. Mastercard Incorporated (stylized as ‘MasterCard’ from 1979 to 2016 and ‘MasterCard‘ from 2016 to 2019).
The company, which had been organized as a cooperative of banks, had an initial public offering on May 25, 2006, selling 95.5 million shares at $39 each. The stock is traded on the NYSE under the symbol MA, with a market capitalization of $236.15 billion as of August 2016.
Mastercard was listed as one of the best companies to work for in 2013 by Forbes. Global payments company Mastercard has 2.3 billion cards in use in 210 countries as of 2018. There are around 13,400 employees currently working in the firm. Mastercard is ranked at number 236 in the Fortune 500 company list 2018.
What it does:
Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the “Mastercard” brand debit, credit and prepaid to make purchases.
Mastercard itself is a financial services business that partners with financial institutions to issue Mastercard branded cards that are processed through the Mastercard network. The issuing financial institution usually pays the cost of producing the cards and mailing them to customers with specific card terms. When a financial institution partners with Mastercard then it means that all transaction processing communications must be done through Mastercard as the network processor.