Mastercard Inc (MA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	22,237.0	18,884.0	15,301.0	24,980.0	21,831.0	12,497.0	10,776.0	9,667.0
Revenue growth	17.8%	23.4%	-38.7%	14.4%	74.7%	16.0%	11.5%	2.4%
Cost of goods sold	0.0	0.0	0.0	8,097.0	6,881.0	0.0	0.0	0.0
Gross profit	22,237.0	18,884.0	15,301.0	16,883.0	14,950.0	12,497.0	10,776.0	9,667.0
Gross margin	100.0%	100.0%	100.0%	67.6%	68.5%	100.0%	100.0%	100.0%
Sales and marketing	789.0	895.0	657.0	934.0	907.0	771.0	698.0	821.0
General and administrative	8,078.0	7,087.0	5,910.0	5,763.0	5,174.0	4,653.0	3,827.0	3,341.0
EBITA	13,034.0	10,600.0	8,457.0	9,949.0	8,660.0	6,889.0	6,099.0	5,374.0
EBITA margin	58.6%	56.1%	55.3%	39.8%	39.7%	55.1%	56.6%	55.6%
Amortization of intangibles	414.0	424.0	303.0	285.0	250.0	252.0	221.0	235.0
EBIT	12,620.0	10,176.0	8,154.0	9,664.0	8,410.0	6,637.0	5,878.0	5,139.0
EBIT margin	56.8%	53.9%	53.3%	38.7%	38.5%	53.1%	54.5%	53.2%
Pre-tax income	11,732.0	10,307.0	7,760.0	9,731.0	7,204.0	6,522.0	5,646.0	4,958.0
Income taxes	1,802.0	1,620.0	1,349.0	1,613.0	1,345.0	2,607.0	1,587.0	1,150.0
Tax rate	15.4%	15.7%	17.4%	16.6%	18.7%	40.0%	28.1%	23.2%
Net income	9,930.0	8,687.0	6,411.0	8,118.0	5,859.0	3,915.0	4,059.0	3,808.0
Net margin	44.7%	46.0%	41.9%	32.5%	26.8%	31.3%	37.7%	39.4%

Diluted EPS	$10.23	$8.76	$6.37	$7.94	$5.60	$3.65	$3.69	$3.35
Shares outstanding (diluted)	971.0	992.0	1,006.0	1,022.0	1,047.0	1,072.0	1,101.0	1,137.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.