Direct Answer
Mastercard reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Payment Network is the largest, with $19.5 billion of revenue (59% of the total), followed by Value Added Services and Solutions at $13.3 billion (41%).
How Does Mastercard Make Money?
No single line supplies a majority of revenue: the largest, Payment Network, is 59%, which spreads Mastercard's exposure across several demand drivers. Between fiscal 2024 and 2025, Value Added Services and Solutions grew fastest (+22.9%) and Payment Network slowest (+12.4%), so the revenue mix tilts toward Value Added Services and Solutions while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Payment Network | $19.5 billion | $17.3 billion | 59.4% | 12.4% |
| Value Added Services and Solutions | $13.3 billion | $10.8 billion | 40.6% | 22.9% |
Where Does Mastercard's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| International Markets | $18.7 billion | $15.8 billion | 57.2% | 18.7% |
| Americas | $14.0 billion | $12.4 billion | 42.8% | 13.5% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Mastercard's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Mastercard reported in the segment note and revenue disclosures of its Form 10-K filed February 11, 2026 (accession 0001141391-26-000013), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Mastercard's main products and services?
In its fiscal 2025 Form 10-K, Mastercard reports revenue for Payment Network and Value Added Services and Solutions.
Which part of Mastercard brings in the most revenue?
Payment Network, with $19.5 billion of revenue in fiscal 2025, or 59% of the total.
Where does Mastercard report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 11, 2026, alongside management's discussion of each segment's results.