XML 75 R32.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Mastercard has concluded it has one reportable operating segment, “Payment Solutions.” The Payment Solutions segment derives its revenues from a wide range of payment solutions provided to customers. Revenue is generated from offering customers access to Mastercard’s continuous payment network, as well as by providing value-added services and solutions, whether integrated and sold with the payment network or on a stand-alone basis. Revenue is recognized when services are performed in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those services (i.e., fees charged to customers). All of the segment’s activities are interrelated, and each activity is dependent upon and supportive of the other. Accordingly, all significant operating decisions are based upon analysis of Mastercard at the consolidated level. The accounting policies of the Payment Solutions segment are the same as those described in Note 1 (Summary of Significant Accounting Policies).
Mastercard’s Chief Executive Officer has been identified as the chief operating decision-maker (“CODM”). The CODM assesses performance for the Payment Solutions segment and decides how to allocate resources, including whether to reinvest profits into the Payment Solutions segment or into other business activities such as for acquisitions, to pay dividends or for share repurchases, based on net income as reported on the consolidated statements of operations (“Consolidated Net Income”). The CODM uses
Consolidated Net Income and other measures for internal planning and forecasting purposes and in the calculation of performance-based compensation.
The following represents the selected financial information regularly reviewed by the CODM to assess performance of the Payment Solutions segment for the years ended December 31:
202420232022
(in millions)
Net revenue
$28,167 $25,098 $22,237 
Less:
Personnel
6,673 6,022 5,263 
Professional Fees
549 495 480 
Data processing and telecommunications
1,119 1,008 926 
Foreign exchange activity
65 83 102 
Advertising and marketing
815 825 789 
Depreciation and amortization
897 799 750 
Provision for litigation
680 539 356 
Investment Income
(327)(274)(61)
(Gains) losses on equity investments, net
29 61 145 
Interest expense
646 575 471 
Other (income) expense, net
(20)7 (23)
Income tax expense
2,380 2,444 1,802 
Other segment items 1
1,787 1,319 1,307 
Consolidated Net Income
$12,874 $11,195 $9,930 
1Includes fulfillment costs, occupancy costs, travel and meeting expenses, and other overhead expenses.
Revenue by geographic market is based on the location of the Company’s customer that issued the card, the location of the merchant acquirer where the card is being used or the location of the customer receiving services. Revenue generated in the U.S. was approximately 30% of net revenue in 2024, 30% in 2023 and 33% in 2022. No individual country, other than the U.S., generated more than 10% of net revenue in those periods. Mastercard did not have any individual customer that generated greater than 10% of net revenue in 2024, 2023 or 2022.
The following table reflects the geographical location of the Company’s property, equipment and right-of-use assets, net, as of December 31:
202420232022
(in millions)
United States$1,095 $1,027 $1,123 
Other countries1,043 1,034 883 
Total$2,138 $2,061 $2,006