Mastercard Inc (MA) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	29,845.0	23,616.0	24,980.0	21,831.0	12,497.0	10,776.0	9,667.0	9,441.0
Revenue growth	26.4%	-5.5%	14.4%	74.7%	16.0%	11.5%	2.4%	13.6%
Cost of goods sold	10,961.0	8,315.0	8,097.0	6,881.0	0.0	0.0	0.0	0.0
Gross profit	18,884.0	15,301.0	16,883.0	14,950.0	12,497.0	10,776.0	9,667.0	9,441.0
Gross margin	63.3%	64.8%	67.6%	68.5%	100.0%	100.0%	100.0%	100.0%
Sales and marketing	895.0	657.0	934.0	907.0	771.0	698.0	821.0	862.0
General and administrative	7,087.0	5,910.0	5,763.0	5,174.0	4,653.0	3,827.0	3,341.0	3,152.0
EBITA	10,600.0	8,457.0	9,949.0	8,660.0	6,889.0	6,099.0	5,374.0	5,320.0
EBITA margin	35.5%	35.8%	39.8%	39.7%	55.1%	56.6%	55.6%	56.3%
Amortization of intangibles	424.0	303.0	285.0	250.0	252.0	221.0	235.0	214.0
EBIT	10,176.0	8,154.0	9,664.0	8,410.0	6,637.0	5,878.0	5,139.0	5,106.0
EBIT margin	34.1%	34.5%	38.7%	38.5%	53.1%	54.5%	53.2%	54.1%
Pre-tax income	10,307.0	7,760.0	9,731.0	7,204.0	6,522.0	5,646.0	4,958.0	5,079.0
Income taxes	1,620.0	1,349.0	1,613.0	1,345.0	2,607.0	1,587.0	1,150.0	1,462.0
Tax rate	15.7%	17.4%	16.6%	18.7%	40.0%	28.1%	23.2%	28.8%
Net income	8,687.0	6,411.0	8,118.0	5,859.0	3,915.0	4,059.0	3,808.0	3,617.0
Net margin	29.1%	27.1%	32.5%	26.8%	31.3%	37.7%	39.4%	38.3%

Diluted EPS	$8.76	$6.37	$7.94	$5.60	$3.65	$3.69	$3.35	$3.09
Shares outstanding (diluted)	992.0	1,006.0	1,022.0	1,047.0	1,072.0	1,101.0	1,137.0	1,169.0

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