The above graph represents Mastercard net income by year, starting from 2001 to the most recent;y completed year. Mastercard posted an impressive $5,859 million as net income in 2018. This happens to be the first instance when the company’s net income has surpassed $5 billion in a year. The record profit came at the time when Mastercard revenue also reached an all-time high, $14.95 billion, in 2018
The net income of Mastercard increased substantially by 49.65% YoY in 2018. Surprisingly, just two years ago the company’s net income crossed the $4 billion mark.
Until 2009, Mastercard has had a roller coaster ride in terms of net income. It was 2007 when Mastercard net profit crossed $1 billion mark for the very first time. However, in the following year, Mastercard net income tanked once again and the company posted the loss of $255 million. The very next year, the company bounced back, and since 2009 onwards Mastercard net income has been increasing consistently with each passing year.
Mastercard Net Income, by 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).
Interesting facts:
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.
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