MA vs UBER
Mastercard Inc. and Uber Technologies, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MA | UBER |
|---|---|---|
| Revenue | $32.8B | $52.0B |
| Net income | $15.0B | $10.1B |
| Gross margin | · | 39.8% |
| Net margin | 45.6% | 19.4% |
| Return on equity | 210.5% | 41.4% |
| Diluted EPS | $16.52 | $4.73 |
| Dividend / share | $3.15 | $0.00 |
| Payout ratio | 18.4% | · |
| Free cash flow | $17.2B | $9.8B |
| Equity | $7.7B | $27.0B |
| Net debt / equity | 1.09× | 0.13× |
| Current ratio | 1.03× | 1.14× |
| Revenue CAGR 5y | 16.5% | 36.1% |
| Profit CAGR 5y | 18.5% | · |
UBER bills 1.6× the revenue of MA, and MA keeps more of each dollar of revenue as profit (45.6% against 19.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | MA | UBER |
|---|---|---|
| FY2025 | $32.8B | $52.0B |
| FY2024 | $28.2B | $44.0B |
| FY2023 | $25.1B | $37.3B |
| FY2022 | $22.2B | $31.9B |
| FY2021 | $18.9B | $17.5B |
| FY2020 | $15.3B | $11.1B |
| FY2019 | $25.0B | $13.0B |
| FY2018 | $21.8B | $10.4B |
| FY2017 | $12.5B | $7.9B |
Bottom line
| Fiscal year | MA | UBER |
|---|---|---|
| FY2025 | $15.0B | $10.1B |
| FY2024 | $12.9B | $9.9B |
| FY2023 | $11.2B | $1.9B |
| FY2022 | $9.9B | $-9.1B |
| FY2021 | $8.7B | $-496.0M |
| FY2020 | $6.4B | $-6.8B |
| FY2019 | $8.1B | $-8.5B |
| FY2018 | $5.9B | $997.0M |
| FY2017 | $3.9B | $-4.0B |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$19,226,000,000 | UBER |
| FY2024 | −$15,811,000,000 | UBER |
| FY2023 | −$12,183,000,000 | UBER |
| FY2022 | −$9,640,000,000 | UBER |
| FY2021 | +$1,429,000,000 | MA |
| FY2020 | +$4,162,000,000 | MA |
| FY2019 | +$11,980,000,000 | MA |
| FY2018 | +$11,398,000,000 | MA |
| FY2017 | +$4,565,000,000 | MA |
The higher-revenue side has changed between MA and UBER over this period. The gap has widened since the earliest year compared.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +26.2 pp | MA |
| FY2024 | +23.3 pp | MA |
| FY2023 | +38.8 pp | MA |
| FY2022 | +73.3 pp | MA |
| FY2021 | +49.3 pp | MA |
| FY2020 | +102.8 pp | MA |
| FY2019 | +98.0 pp | MA |
| FY2018 | +17.4 pp | MA |
| FY2017 | +82.2 pp | MA |
MA has kept the higher net margin in every one of these 9 fiscal years.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UBER's net margin has been more volatile than MA's over the 9 comparable fiscal years — 33.1 percentage points of standard deviation against 7.1.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UBER's return on equity has been more volatile than MA's over the 6 comparable fiscal years — 50.6 percentage points of standard deviation against 36.6.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in return on equity in every one of the 6 comparable fiscal years — a structural lead, not a recent swing.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.