Stocks Comparison
Mastercard vs Visa: revenue, profit, margins and growth compared
Mastercard brought in $32.8B of revenue in fiscal 2025, Visa $45.9B in fiscal 2026. Revenue changed by +16.4% at Mastercard and +14.8% at Visa on the year before, so Mastercard grew faster. Mastercard kept 45.6% of its revenue as net profit, Visa 51.2%. Free cash flow was $17.2B at Mastercard and $22.1B at Visa.
Side by side, latest fiscal year
| MA | V | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2026 (September 30, 2026) |
| Revenue | $32.8B | $45.9B |
| Revenue growth | +16.4% | +14.8% |
| Net income | $15B | $23.5B |
| Net margin | 45.6% | 51.2% |
| Free cash flow | $17.2B | $22.1B |
| Free cash flow margin | 52.3% | 48.1% |
| Earnings per share (diluted) | $16.52 | n/a |
| Cash | $10.6B | $12.9B |
| Debt | $19B | $22.1B |
| Price to earnings | 39.9 | n/a |
| Market value | $577.2B | $755.8B |
| Dividend yield | 0.48% | 0.16% |
| Rank by revenue in sector | #33 of 1077 · Consumer discretionary | #22 of 1077 · Consumer discretionary |
Over the years
Questions about Mastercard and Visa
Which is bigger by revenue, Mastercard or Visa?
Visa is bigger by revenue: $45.9B in fiscal 2026, against $32.8B for Mastercard in fiscal 2025.
Which keeps more of its revenue as profit, Mastercard or Visa?
Mastercard had a net margin of 45.6% in fiscal 2025; Visa had 51.2% in fiscal 2026.
Which grew revenue faster, Mastercard or Visa?
In their latest fiscal years revenue changed by +16.4% at Mastercard and +14.8% at Visa.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.