![Mastercard Inc [MA] reports annual net loss of $11.2 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMA.png&w=3840&q=75)
Mastercard Inc [MA] reports annual net loss of $11.2 billion
Company Reports Revenue of $25.1 billion
Mastercard Inc [MA] has reported a net loss of $11.2 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $25.1 billion
Based in PURCHASE, New York, Mastercard Inc operates in the SERVICES sector.
In the annual Consolidated Statement of Operations for the period ended December 31, 2023, the net revenue amounted to $25.098 billion, showcasing an increase from the previous year's figure of $22.237 billion in 2022 and $18.884 billion in 2021.
Operating expenses also saw an upward trend, with the total operating expenses reaching $11.090 billion in 2023 compared to $9.973 billion in 2022 and $8.802 billion in 2021. Among the operating expenses, general and administrative expenses were $8.927 billion, advertising and marketing expenses were $825 million, depreciation and amortization expenses were $799 million, and provision for litigation was $539 million in the current reporting period.
