Visa vs Mastercard: Market Cap, Revenue and Profit Compared
Card network rivals. Size and profitability side by side, using the exact figures from SEC filings.
Data updated: Nov 6, 2026 · Based on each company's latest annual report, so fiscal year ends may differ.
Quick answers
Which has more revenue?
Visa brought in $45.903B in its latest fiscal year (FY2026), against $32.791B for Mastercard (FY2025).
Which is more profitable?
Visa has the higher net margin at 51.2%, against 45.6% for Mastercard. Out of every $100 of revenue, Visa keeps more as net income.
Which is growing faster?
Mastercard had the faster revenue growth in its latest fiscal year: +16.4%, against +14.8% for Visa.
Visa
V · FY2026 annual report
Revenue $45.903B
Net income $23.504B
- Operating expenses38.8%
- Taxes, interest & other10.0%
- Net income51.2%
Mastercard
MA · FY2025 annual report
Revenue $32.791B
Net income $14.968B
- Operating expenses42.4%
- Taxes, interest & other12.0%
- Net income45.6%
Size
| Item | Visa | Mastercard |
|---|---|---|
| Market cap | —Not ranked | $579.8B#17 of 289 |
| Revenue | $45.903B#80 of 299 | $32.791B#104 of 299 |
| Operating income | $28.11B#10 of 231 | $18.897B#18 of 231 |
| Net income | $23.504B#13 of 298 | $14.968B#26 of 298 |
| Free cash flow | $22.057B#12 of 261 | $17.159B#20 of 261 |
| Total assets | $94.36B#86 of 299 | $54.157B#145 of 299 |
| Dividends paid | $5.112B#34 of 214 | $2.756B#57 of 214 |
| Dividend per share | $0.67#188 of 205 | $3.15#92 of 205 |
| Dividend yield | 0.2%#195 of 203 | 0.5%#181 of 203 |
Profitability and stability
| Item | Visa | Mastercard |
|---|---|---|
| Net margin | 51.2%#8 of 298 | 45.6%#9 of 298 |
| Revenue growth | +14.8%#76 of 299 | +16.4%#67 of 299 |
| Operating margin | 61.2%#4 of 231 | 57.6%#7 of 231 |
| FCF margin | 48.0%#10 of 261 | 52.3%#5 of 261 |
| ROE | 63.5%#33 of 276 | 210.5%#3 of 276 |
| Debt-to-equity | 161.3%#125 of 244 | 599.9%#222 of 244 |