Mastercard vs Block
Mastercard is the larger business, with $32.79bn of revenue in fiscal 2025 against $24.19bn for Block (1.4 times as much). Mastercard grew faster (16.4% against 0.3%). Mastercard kept more of each dollar of sales as profit: a net margin of 45.6% against 5.4%.
| Latest fiscal year | MastercardMA, 2025 | BlockXYZ, 2025 |
|---|---|---|
| Revenue | $32.79bn | $24.19bn |
| Revenue growth | 16.4% | 0.3% |
| Net income | $14.97bn | $1.31bn |
| Operating margin | 57.6% | — |
| Net margin | 45.6% | 5.4% |
| Return on equity | — | 6.0% |
| Free cash flow | $17.16bn | $2.42bn |
| Cash | $10.57bn | $6.56bn |
| Total debt | $19.15bn | $7.35bn |
| Debt to equity | 247.5% | — |
| Dividend per share | $3.15 | — |
| Dividend yield | 0.5% | — |
| Share buybacks | $11.73bn | $2.33bn |
| Employees | — | 10,205 |
| Market value | $566.92bn | $46.33bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 95 (Strong) | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 74 sales | 0 buys, 149 sales |