How Mastercard Makes Money (2026)
Mastercard makes money mainly from Payment network. Its FY2025 total revenue was $32,791 million ($32.8 billion), with Payment network the biggest disclosed revenue line at $19,476 million ($19.5 billion) and 59.4% of total revenue (computed from the 10-K FY2025). Mastercard complements its payment network with services sold for fixed or transaction-based fees.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Payment network | $19,476 million ($19.5 billion) | 59.4% | 10-K FY2025 ↗ |
| Value-added services and solutions | $13,315 million ($13.3 billion) | 40.6% | 10-K FY2025 ↗ |
| Total revenue | $32,791 million ($32.8 billion) | — | 10-K FY2025 ↗ |
The hidden model
Mastercard complements its payment network with services sold for fixed or transaction-based fees.
Value-added services and solutions generate fixed or transaction-based fees. verified
Revenue from the Company’s value-added services and solutions is generated through either fixed or transaction-based fees.
Business models
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Frequently asked questions
How does Mastercard make money?
Mastercard makes money mainly from Payment network. Its FY2025 total revenue was $32,791 million ($32.8 billion), with Payment network the biggest disclosed revenue line at $19,476 million ($19.5 billion) and 59.4% of total revenue (computed from the 10-K FY2025). Mastercard complements its payment network with services sold for fixed or transaction-based fees.
What is Mastercard’s business model?
Mastercard’s business model is Payments Network. Connect or serve merchants, consumers, and financial institutions. Charge for payment acceptance, processing, settlement, or related services; the fee basis varies by product. Mastercard complements its payment network with services sold for fixed or transaction-based fees.
What is Mastercard’s hidden model?
Mastercard complements its payment network with services sold for fixed or transaction-based fees.