Fiserv vs Mastercard
Mastercard is the larger business, with $32.79bn of revenue in fiscal 2025 against $21.19bn for Fiserv (1.5 times as much). Mastercard grew faster (16.4% against 3.6%). Mastercard kept more of each dollar of sales as profit: a net margin of 45.6% against 16.4%.
| Latest fiscal year | FiservFISV, 2025 | MastercardMA, 2025 |
|---|---|---|
| Revenue | $21.19bn | $32.79bn |
| Revenue growth | 3.6% | 16.4% |
| Net income | $3.48bn | $14.97bn |
| Operating margin | — | 57.6% |
| Net margin | 16.4% | 45.6% |
| Return on equity | 13.2% | — |
| Free cash flow | $4.30bn | $17.16bn |
| Cash | $798m | $10.57bn |
| Total debt | $29.00bn | $19.15bn |
| Debt to equity | — | 247.5% |
| Dividend per share | — | $3.15 |
| Dividend yield | — | 0.5% |
| Share buybacks | — | $11.73bn |
| Employees | 38,000 | — |
| Market value | $31.16bn | $566.92bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 67 (Moderate) | 95 (Strong) |
| Insider trades, 12 months | 9 buys, 0 sales | 0 buys, 74 sales |