Mastercard Incorporated Financial Ratios — MA Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	49.77	45.61	35.66	31.06	25.91	22.78	18.74	23.6	26.5	17.63	20.59	20.01	19.27	19.01	18.95
Return on Assets (%)	19.52	23.83	23.34	24.46	24.12	23.24	19.57	25.37	30.01	20.41	24.38	26	27.58	28.44	29.28
Return on Capital (%)	50.14	45.78	35.73	29.41	22.53	18.7	15.26	19.51	21.76	14.28	16.28	16.22	15.98	15.84	15.93
Return on Invested Capital (%)	43.07	43.06	43.59	45.15	43.41	41.47	36.45	58.8	60.29	39.38	42	50.88	54.78	56.99	59.49
Gross Margin (%)	78.36	78.83	79.08	78.14	78.22	79.35	78.5	78.5	79.05	75.25	76.23	76.33	76.01	76.31	77.89
EBITDA Margin (%)	54.57	57.02	58.45	57.17	56.1	58.32	57.45	59.08	60.52	57.14	58	60.58	61.48	61.15	63
Operating Margin (%)	51.68	53.9	55.34	53.77	52.31	54.86	53.96	56.01	57.43	53.35	54.16	57.21	58.29	57.96	59.51
Incremental Operating Margin (%)	60.85	75.92	66.88	42.16	-8.41	77.1	48.29	66.49	68.39	96.9	57.61	74.41	66.69	55.29	68.92
Pretax Margin (%)	40.93	53.21	54.14	53.8	51.29	52.39	52.19	48.19	57.64	50.72	54.58	52.76	54.34	54.16	56.66
Profit Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Net Income to Common Margin (%)	28.39	37.33	37.49	38.31	39.39	37.67	31.33	39.19	48.08	41.9	46	44.66	44.61	45.71	45.65
Effective Tax Rate (%)	30.64	29.85	30.76	28.79	23.19	28.11	39.97	18.67	16.58	17.38	15.72	15.36	17.92	15.6	19.43
Dvd Payout Ratio (%)	4.04	4.79	8.18	14.24	19.09	20.62	24.06	17.82	16.57	25.04	20.04	19.16	19.28	19.02	18.41
Sustainable Growth Rate (%)	47.75	43.42	32.74	26.64	20.97	18.08	14.23	19.4	22.11	13.22	16.46	16.17	15.56	15.39	15.46

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
ST Debt	- -	- -	- -	- -	- -	- -	- -	500	- -	649	792	274	1,337	750	749
LT Debt	- -	- -	- -	1,494	3,268	5,180	5,424	5,834	8,527	12,023	13,109	13,749	14,344	17,476	18,251
Total Debt/EBITDA	- -	- -	- -	0.28	0.6	0.82	0.76	0.72	0.83	1.45	1.27	1.04	1.02	1.06	0.92
Net Debt/EBITDA	-1.02	-0.49	-0.74	-0.68	-0.46	-0.25	-0.07	-0.04	0.15	0.29	0.59	0.52	0.46	0.57	0.41
Total Debt/EBIT	- -	- -	- -	0.29	0.65	0.88	0.8	0.76	0.88	1.55	1.36	1.1	1.07	1.12	0.97
Net Debt/EBIT	-1.08	-0.52	-0.78	-0.72	-0.49	-0.26	-0.08	-0.04	0.16	0.31	0.63	0.55	0.48	0.6	0.43
EBITDA to Interest Expense	146.56	210.7	347	112.44	88.9	66.16	46.62	47.49	45.62	23.01	25.41	28.6	26.83	26.66	28.61
EBITDA-CapEx/Interest Expense	139.48	205.9	335.93	108.79	86	63.89	44.68	45.72	43.73	22.12	24.47	27.66	26.19	25.93	27.93
EBIT to Interest Expense	138.8	199.2	328.57	105.75	82.9	62.23	43.79	45.02	43.29	21.48	23.73	27.01	25.44	25.27	27.03
Interest Expense	25	20	14	48	61	95	154	186	224	380	431	471	575	646	722
Common Equity/Total Assets	44.37	59.01	71.06	85.91	99.83	103.98	104.85	109.75	116.24	115.37	121.18	138.43	147.39	151.63	157.02
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	10.17	16.74	21.03	19.45	17.31	20.01	23.33	21.98	20.31	18.32	19.17	17.54
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	10.17	16.74	21.03	19.45	18.79	20.01	24.58	23.3	20.71	20.02	19.99	18.26
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
Net Debt to Equity	-63.54	-29.61	-48.02	-53.39	-40.89	-27.11	-9.14	-6.34	25.69	39.27	87.43	110	101.37	150.18	108.88
Net Debt/Capital (%)	-366.08	-38.61	-55.09	-38.11	-17.99	-8.61	-2.32	-1.29	4.32	6.18	12.41	11.56	10.17	11.83	9.02
EBITDA	3,664	4,214	4,858	5,397	5,423	6,285	7,180	8,833	10,218	8,743	10,953	13,472	15,429	17,224	20,657
EBITDA-CapEx	3,487	4,118	4,703	5,222	5,246	6,070	6,880	8,503	9,796	8,404	10,546	13,030	15,058	16,750	20,168
Operating Income (Loss)	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.17	1.02	1.04	1.02	1.07	1.16	0.89	0.72	0.64	0.89	0.6	0.52	0.56	0.46	0.48
Current Ratio	1.84	1.91	1.82	1.77	1.75	1.84	1.57	1.39	1.42	1.61	1.29	1.17	1.17	1.03	1.03
Quick Ratio	1.52	1.44	1.43	1.37	1.42	1.5	1.27	1.13	1.11	1.26	0.83	0.76	0.81	0.65	0.68
CFO/Avg Current Liab	0.73	0.65	0.76	0.56	0.66	0.69	0.71	0.61	0.7	0.61	0.76	0.82	0.79	0.83	0.84
Common Equity/Total Assets	44.37	59.01	71.06	85.91	99.83	103.98	104.85	109.75	116.24	115.37	121.18	138.43	147.39	151.63	157.02
Long-Term Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	106.29	142.33	184.49	176.86	215.6	205	268.24	235.62
Long-Term Debt/Capital (%)	- -	- -	- -	10.17	16.74	21.03	19.45	17.31	20.01	23.33	21.98	20.31	18.32	19.17	17.54
Long-Term Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	23.47	29.17	35.8	34.8	35.51	33.79	36.35	33.7
Total Debt/Equity (%)	- -	- -	- -	21.89	53.91	91.13	97.41	115.39	142.33	194.45	187.55	219.9	224.11	279.75	245.29
Total Debt/Capital (%)	- -	- -	- -	10.17	16.74	21.03	19.45	18.79	20.01	24.58	23.3	20.71	20.02	19.99	18.26
Total Debt/Total Assets (%)	- -	- -	- -	9.75	20.11	27.74	25.43	25.48	29.17	37.73	36.9	36.21	36.94	37.91	35.08
CFO/Total Liabilities	55.73	53.28	61.29	40.06	40.25	35.69	35.94	32.13	35.2	26.69	31.28	34.61	33.79	35.56	38.03
CFO/CapEx	15.16	30.71	26.68	19.47	23.17	21.57	18.88	18.86	19.39	21.31	23.25	25.33	32.29	31.18	36.09
Altman's Z-Score	9.17	10.04	93.48	10.93	10.54	9.23	10.34	10.2	12.14	11.84	11.64	11.44	12.16	12.56	12.24

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.87	8.53	8.79	9.1	8.84	8.64	7.38	7.04	7.05	5.93	6.68	6.92	6.71	7.19	7.82
Days Sales Outstanding	53.14	42.79	41.52	40.11	41.31	42.25	49.43	51.82	51.78	61.54	54.62	52.78	54.43	50.75	46.65
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	2.29	4.37	5	5.45	4.73	4.12	3.49	4.37	6.89	7.45	7.1	6.33	6.84	7.57	7.52
Accounts Payable Turnover Days	159.26	83.61	72.94	66.93	77.25	88.67	104.73	83.47	52.94	48.96	51.43	57.7	53.34	48.22	48.53
Cash Conversion Cycle	-106.12	-40.82	-31.42	-26.82	-35.94	-46.41	-55.3	-31.65	-1.16	12.58	3.19	-4.92	1.09	2.54	-1.88
Inventory to Cash Days	53.14	42.79	41.52	40.11	41.31	42.25	49.43	51.82	51.78	61.54	54.62	52.78	54.43	50.75	46.65
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	47,718	61,413	1,011,791	100,376	110,406	113,369	161,501	196,385	303,666	357,654	355,008	336,603	402,625	487,077	516,646
- Cash & Cash Equivalents	3,734	2,052	3,599	5,137	5,747	6,721	5,933	6,682	6,988	10,113	7,421	7,008	8,588	8,442	10,566
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	9	12	11	34	34	28	100	94	98	126	100	79	68	30	9
+ Total Debt	- -	- -	- -	1,494	3,268	5,180	5,424	6,334	8,527	12,672	13,901	14,023	15,681	18,226	19,000
Enterprise Value	42,778	56,422	1,005,507	95,529	106,970	110,242	159,243	194,435	304,615	359,856	361,115	343,297	409,194	496,561	524,757
Total Capital	4,754	7,366	10,132	14,697	19,524	24,626	27,888	33,711	42,609	51,545	59,649	67,709	78,313	91,163	104,044
Total Debt/Capital (%)	- -	- -	- -	10.17	16.74	21.03	19.45	18.79	20.01	24.58	23.3	20.71	20.02	19.99	18.26
Total Debt / EV	- -	- -	- -	0.02	0.03	0.05	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04
EV/Sales	6.37	7.63	120.97	10.12	11.07	10.23	12.74	13.01	18.04	23.52	19.12	15.44	16.3	17.63	16
EV/EBITDA	11.68	13.39	206.98	17.7	19.73	17.54	22.18	22.01	29.81	41.16	32.97	25.48	26.52	28.83	25.4
EV/EBIT	12.33	14.16	218.59	18.82	21.15	18.65	23.62	23.22	31.42	44.08	35.31	26.98	27.97	30.41	26.89
EV/Cash Flow to Firm	15.84	19.05	242.6	27.76	25.79	23.43	27.66	30.5	36.39	47.74	36.75	29.61	32.86	32.4	28.79
EV/Free Cash Flow to Firm	14.86	18.45	233.86	26.42	24.73	22.41	26.29	29	34.65	45.68	35.29	28.52	31.91	31.43	28.03
Diluted Market Cap	47,718	61,904	1,015,133	100,721	110,698	113,678	162,258	197,517	305,159	359,082	356,445	337,646	403,478	488,130	517,217
Diluted Enterprise Value	43,993	59,864	1,011,545	97,112	108,253	112,165	161,849	197,263	306,796	361,767	363,025	344,740	410,639	497,944	525,660
EV per Share	33.42	45.14	83.03	82	94.33	100.4	149.24	186.78	299.52	359.14	365.5	354.65	433.47	536.82	579.84
TTM Sales	6,714	7,391	8,312	9,441	9,667	10,776	12,497	14,950	16,883	15,301	18,884	22,237	25,098	28,167	32,791
TTM EBITDA	3,664	4,214	4,858	5,397	5,423	6,285	7,180	8,833	10,218	8,743	10,953	13,472	15,429	17,224	20,657
TTM Operating Income	3,470	3,984	4,600	5,076	5,057	5,912	6,743	8,374	9,696	8,163	10,227	12,722	14,630	16,327	19,514
TTM Cash Flow to Firm	2,701	2,962	4,145	3,441	4,148	4,705	5,756	6,374	8,370	7,538	9,826	11,594	12,452	15,325	18,230
TTM Free Cash Flow to Firm	2,878	3,058	4,300	3,616	4,325	4,920	6,056	6,704	8,792	7,877	10,233	12,036	12,823	15,799	18,719

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	16.68	20.34	236.63	28.12	25.88	23.43	27.21	30.14	35.46	47.48	36.11	29.01	32.67	32	28.52
EV/EBIT	12.33	14.16	218.59	18.82	21.15	18.65	23.62	23.22	31.42	44.08	35.31	26.98	27.97	30.41	26.89
Enterprise Value	42,778	56,422	1,005,507	95,529	106,970	110,242	159,243	194,435	304,615	359,856	361,115	343,297	409,194	496,561	524,757
Low Price	21.93	33.63	50.1	68.68	74.61	78.52	104.01	151.12	180.98	199.99	306	276.87	340.21	416.53	465.59
EV/Sales	6.37	7.63	120.97	10.12	11.07	10.23	12.74	13.01	18.04	23.52	19.12	15.44	16.3	17.63	16
EV/EBITDA	11.68	13.39	206.98	17.7	19.73	17.54	22.18	22.01	29.81	41.16	32.97	25.48	26.52	28.83	25.4
Price/Earnings	25.04	22.26	324.71	27.75	28.99	27.93	41.25	33.52	37.41	55.79	40.87	33.9	35.96	37.83	34.52
Price/Earnings Average	20.05	19.53	238.32	24.98	27.59	25.94	34.72	34.06	32.1	48.37	40.67	33.24	32.51	34.07	33.73
Price/Earnings High	25.86	22.59	326.22	28.95	30.3	29.47	42.15	40.04	37.77	57.4	45.66	38.99	36.12	38.63	36.38
Price/Earnings Low	14.73	15.24	194.71	22.12	22.22	21.24	28.35	26.85	22.67	31.26	34.8	26.99	28.69	29.93	28.15
Price/Book Value	10.06	8.35	99.97	7.62	6.81	5.84	7.22	7.2	8.94	9.23	7.78	6.28	6.44	6.68	6.08
Price/Book Value Average	8.05	7.33	73.37	6.86	6.48	5.42	6.08	7.31	7.67	8	7.74	6.16	5.82	6.02	5.94
Price/Book Value High	10.39	8.47	100.44	7.95	7.11	6.16	7.38	8.6	9.02	9.5	8.69	7.22	6.46	6.82	6.4
Price/Book Value Low	5.92	5.72	59.95	6.08	5.22	4.44	4.96	5.77	5.42	5.17	6.62	5	5.13	5.28	4.96
Price/Tangible Book Value	11.37	11.89	177.48	21.88	32.78	35.36	114.3	123.2	549.12	-1,824.76	-90.54	-67.27	-84.78	-59.9	-70.12
Price/Tangible Book Value Average	9.1	10.43	130.26	19.69	31.2	32.84	96.19	125.18	471.22	-1,582.06	-90.1	-65.97	-76.63	-53.94	-68.53
Price/Tangible Book Value High	11.74	12.07	178.3	22.82	34.26	37.31	116.78	147.17	554.53	-1,877.47	-101.17	-77.36	-85.15	-61.17	-73.91
Price/Tangible Book Value Low	6.69	8.14	106.42	17.44	25.12	26.89	78.54	98.69	332.83	-1,022.4	-77.1	-53.56	-67.63	-47.39	-57.19
Price/Sales	7.11	8.31	121.73	10.63	11.42	10.52	12.92	13.14	17.99	23.37	18.8	15.14	16.04	17.29	15.76
Price/Sales Average	5.69	7.29	89.34	9.57	10.87	9.77	10.88	13.35	15.43	20.27	18.71	14.84	14.5	15.57	15.4
Price/Sales High	7.34	8.43	122.29	11.09	11.94	11.1	13.2	15.69	18.16	24.05	21.01	17.41	16.11	17.66	16.61
Price/Sales Low	4.18	5.69	72.99	8.47	8.75	8	8.88	10.52	10.9	13.1	16.01	12.05	12.8	13.68	12.85
Price/Cash Flow	17.78	20.83	244.69	29.46	26.92	24.45	28.51	31.56	37.11	49.51	37.52	30.07	33.61	32.96	29.28
Price/Cash Flow Average	14.24	18.28	179.59	26.52	25.62	22.7	24	32.06	31.84	42.92	37.33	29.49	30.38	29.67	28.61
Price/Cash Flow High	18.36	21.14	245.83	30.73	28.14	25.79	29.13	37.7	37.47	50.94	41.92	34.58	33.75	33.65	30.86
Price/Cash Flow Low	10.46	14.26	146.73	23.48	20.63	18.59	19.59	25.28	22.49	27.74	31.95	23.94	26.81	26.07	23.88
Price/Free Cash Flow Average	13.36	17.84	173.67	25.31	24.63	21.76	22.9	30.62	30.43	41.16	35.94	28.45	29.53	28.81	27.87
Price/Free Cash Flow High	17.22	20.64	237.73	29.33	27.05	24.72	27.8	36.01	35.81	48.85	40.35	33.37	32.81	32.68	30.06
Price/Free Cash Flow Low	9.81	13.92	141.89	22.41	19.83	17.82	18.7	24.15	21.49	26.6	30.76	23.1	26.06	25.31	23.26
EV/Sales Average	5.14	7.01	88.91	9.19	10.62	9.63	10.84	13.33	15.53	20.44	19.06	15.16	14.79	15.92	15.66
EV/Sales High	6.79	8.16	121.86	10.71	11.68	10.96	13.17	15.67	18.26	24.23	21.35	17.73	16.4	18.01	16.87
EV/Sales Low	3.63	5.41	72.56	8.09	8.5	7.86	8.85	10.51	11	13.27	16.36	12.37	13.08	14.03	13.11
EV/EBITDA Average	9.41	12.3	152.12	16.07	18.93	16.51	18.87	22.56	25.66	35.77	32.86	25.03	24.05	26.03	24.85
EV/EBITDA High	12.43	14.31	208.51	18.73	20.83	18.79	22.93	26.53	30.17	42.4	36.82	29.26	26.67	29.45	26.77
EV/EBITDA Low	6.64	9.49	124.15	14.16	15.15	13.48	15.4	17.78	18.17	23.23	28.2	20.42	21.28	22.94	20.81
EV/EBIT Average	9.94	13.01	160.65	17.09	20.3	17.55	20.1	23.8	27.04	38.32	35.19	26.5	25.37	27.46	26.31
EV/EBIT High	13.13	15.13	220.2	19.92	22.34	19.97	24.41	27.98	31.8	45.41	39.43	30.99	28.13	31.06	28.34
EV/EBIT Low	7.02	10.04	131.11	15.05	16.25	14.33	16.4	18.76	19.15	24.88	30.21	21.62	22.44	24.2	22.03
Last Price	37.28	49.13	83.55	86.16	97.36	103.25	151.36	188.65	298.59	356.94	359.32	347.73	426.51	526.57	570.88
High Price	38.5	49.86	83.94	89.87	101.76	108.93	154.65	225.35	301.53	367.25	401.5	399.92	428.36	537.7	601.77
Enterprise Value Average	34,484	51,843	739,009	86,742	102,636	103,765	135,512	199,281	262,224	312,770	359,877	337,191	371,100	448,384	513,369
Enterprise Value High	45,555	60,285	1,012,925	101,090	112,951	118,092	164,603	234,335	308,293	370,670	403,262	394,217	411,533	507,187	553,045
Enterprise Value Low	24,345	39,998	603,123	76,403	82,163	84,702	110,570	157,062	185,694	203,075	308,908	275,104	328,319	395,104	429,802

Shares Outstanding	1,269	1,232	1,149	1,153	1,116	1,081	1,054	1,031	1,007	995	980	956	934	913	894
Diluted Weighted Avg Shares	1,280	1,260	12,150	1,169	1,137	1,101	1,072	1,047	1,022	1,006	992	971	946	927	906
Basic Weighted Avg Shares	1,280	1,250	12,110	1,165	1,134	1,098	1,067	1,041	1,017	1,002	988	968	944	925	905
Revenue per Share	5.25	5.91	0.69	8.1	8.52	9.81	11.71	14.36	16.6	15.27	19.11	22.97	26.59	30.45	36.23
EBITDA per Share	2.86	3.37	0.4	4.63	4.78	5.72	6.73	8.49	10.05	8.73	11.09	13.92	16.34	18.62	22.83
Operating Income per Share	2.71	3.19	0.38	4.36	4.46	5.38	6.32	8.04	9.53	8.15	10.35	13.14	15.5	17.65	21.56
Basic EPS, GAAP	1.49	2.21	0.26	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Basic EPS from Cont Ops	1.49	2.21	0.26	3.1	3.36	3.7	3.67	5.63	7.98	6.4	8.79	10.26	11.86	13.92	16.54
Diluted EPS, GAAP	1.49	2.19	0.26	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Diluted EPS from Cont Ops	1.49	2.19	0.26	3.09	3.35	3.69	3.65	5.6	7.94	6.37	8.76	10.23	11.83	13.89	16.52
Dividend per Share	0.06	0.11	0.02	0.44	0.64	0.76	0.88	1	1.32	1.6	1.76	1.97	2.29	2.65	3.05
Cash Flow per Share	2.1	2.36	0.34	2.92	3.62	4.22	5.31	5.98	8.05	7.21	9.58	11.57	12.69	15.98	19.5
Free Cash Flow per Basic Share	1.96	2.28	0.33	2.77	3.46	4.03	5.03	5.66	7.63	6.87	9.17	11.11	12.3	15.47	18.96
Cash & Equivalents per Share	3.87	4	0.52	5.47	5.94	7.59	7.29	8.05	7.55	10.57	7.99	7.65	9.72	9.48	12.04
Book Value per Share	3.71	5.88	0.84	11.3	14.31	17.68	20.96	26.21	33.42	38.67	46.2	55.38	66.28	78.82	93.96
Tangible Book Value per Share	3.28	4.13	0.47	3.94	2.97	2.92	1.32	1.53	0.54	-0.2	-3.97	-5.17	-5.03	-8.79	-8.14

Mastercard Incorporated

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)