Asia Pacific, Europe, Middle East & Africa was Mastercard’s largest region in fiscal 2025, bringing in $18.75B of $32.79B (57%).
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Asia Pacific, Europe, Middle East & Africa | $12.08B | $13.96B | $15.79B | $18.75B | ||||
| International Markets | — | — | — | — | ||||
| Americas | $10.16B | $11.14B | $12.38B | $14.04B | ||||
| North American Markets | — | — | — | — | ||||
| Other | — | — | — | — | ||||
| Total | $22.24B | $25.10B | $28.17B | $32.79B |
Mastercard brought in $32.79B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 16.4% from $28.17B in fiscal 2024. Asia Pacific, Europe, Middle East & Africa was the largest at $18.75B (57.2%), ahead of Americas at $14.04B (42.8%).
Compared with fiscal 2024, Asia Pacific, Europe, Middle East & Africa grew 18.7% to $18.75B and Americas grew 13.5% to $14.04B. From fiscal 2022 to 2025, combined revenue from these regions grew from $22.24B to $32.79B, a compound annual growth rate of 13.8%. Asia Pacific, Europe, Middle East & Africa's share of the total rose from 54.3% to 57.2%.
Payment Network was Mastercard’s largest product and service line in fiscal 2025, bringing in $19.48B of $32.79B (59%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Payment Network | $14.36B | $15.82B | $17.34B | $19.48B | ||
| Value-Added Services & Solutions | $7.88B | $9.27B | $10.83B | $13.32B | ||
| Total | $22.24B | $25.10B | $28.17B | $32.79B |
Mastercard brought in $32.79B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 16.4% from $28.17B in fiscal 2024. Payment Network was the largest at $19.48B (59.4%), ahead of Value-Added Services & Solutions at $13.32B (40.6%).
Compared with fiscal 2024, Value-Added Services & Solutions grew 22.9% to $13.32B and Payment Network grew 12.4% to $19.48B. From fiscal 2022 to 2025, combined revenue from these lines grew from $22.24B to $32.79B, a compound annual growth rate of 13.8%. Payment Network's share of the total fell from 64.6% to 59.4%.
Mastercard (MA) reports its revenue by geography and by product and service. In fiscal 2025, Asia Pacific, Europe, Middle East & Africa was its largest region, bringing in $18.75B (57.2% of the total), followed by Americas at $14.04B (42.8%).
Asia Pacific, Europe, Middle East & Africa was Mastercard's largest region in fiscal 2025, bringing in $18.75B, or 57.2% of the $32.79B total across its two regions.
Payment Network was Mastercard's largest product and service line in fiscal 2025, bringing in $19.48B, or 59.4% of the $32.79B total across its two product and service lines.
Asia Pacific, Europe, Middle East & Africa grew faster than Americas in fiscal 2025, up 18.7% from $15.79B to $18.75B. Americas grew 13.5% to $14.04B.
Every figure comes from Mastercard's annual financial filings, as reported. Each line keeps the name Mastercard gives it, and years follow its fiscal calendar.
Mastercard's revenue by geography goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.