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MA · Mastercard Inc · Financials

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$598.33 +9.19 (+1.56%)
Market Cap
$516.09B
Shares
876.01M
Volume · Oct 12 1.44M Avg daily vol (3M) 2.83M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$32.79B +16.4%
FY2025 Revenue FY2007–FY2025
Net Income
$14.97B +16.3%
FY2025 Net Income FY2007–FY2025
Operating Margin
57.63% +2.3pp
FY2025 Operating Margin FY2007–FY2025
Diluted EPS
$16.52 +18.9%
FY2025 Diluted EPS FY2007–FY2025
Operating Cash Flow
$17.65B +19.4%
FY2025 Operating Cash Flow FY2007–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007
$35.08B $32.79B $28.17B $25.1B $22.24B $18.88B $15.3B $16.88B $14.95B $12.5B $10.78B $9.67B $9.47B $8.35B $7.39B $6.71B $5.54B $5.1B $4.99B $4.07B
$12.15B $11.32B $10.19B $8.93B $8.08B $7.09B $5.91B $5.76B $5.17B $4.65B $3.83B $3.34B $3.15B $2.62B $2.43B $2.2B $1.86B $1.94B $2B $1.86B
— $760M $523M $457M $414M $424M $303M $285M $250M $252M $221M $235M $214M $166M — $117M $78M $65M $53M —
$1.2B $1.14B $897M $799M $750M $726M $580M $522M $459M $437M $373M $366M $321M $258M $230M $194M $148M $141M $112M $97.64M
$14.62B $13.89B $12.59B $11.09B $9.97B $8.8B $7.22B $7.22B $7.67B $5.88B $5.02B $4.59B $4.34B $3.81B — — — — — —
$4.6B — — — — — — — — — — — $4.37B $3.84B $3.45B $4B $2.79B $2.84B $5.53B $2.96B
$20.47B $18.9B $15.58B $14.01B $12.26B $10.08B $8.08B $9.66B $7.28B $6.62B $5.76B $5.08B $5.11B $4.5B $3.94B $2.71B $2.75B $2.26B -$534M $1.11B
— 57.63% 55.32% 55.81% 55.15% 53.39% 52.81% 57.24% 48.71% 52.99% 53.46% 52.53% 53.9% 53.95% 53.27% 40.41% 49.68% 44.32% -10.7% 27.24%
$21.66B $20.04B $16.48B $14.81B $13.01B $10.81B $8.66B $10.19B $7.74B $7.06B $6.13B $5.44B $5.43B $4.76B $4.17B $2.91B $2.9B $2.4B -$422M $1.21B
$748M $722M $646M $575M $471M $431M $380M $224M $186M $154M $95M $61M $48M $14M $20M $25M $52M $115M $104M $57.28M
— — — — — — — — — — — — — — — — $48M $56M $109M —
-$292M -$319M -$328M -$369M -$532M $225M -$321M $67M -$78M -$100M -$115M -$120M -$27M -$3M -$4M $35M $5M -$42M $151M $563.32M
-$35M — — -$61M -$145M $645M $30M $167M — — — — — — — — — — — —
$20.17B $18.58B $15.25B $13.64B $11.73B $10.31B $7.76B $9.73B $7.2B $6.52B $5.65B $4.96B $5.08B $4.5B $3.93B $2.75B $2.76B $2.22B -$383M $1.67B
$3.92B $3.61B $2.38B $2.44B $1.8B $1.62B $1.35B $1.61B $1.35B $2.61B $1.59B $1.15B $1.46B $1.38B $1.17B $842M $910M $755M -$129M $585.55M
$16.26B $14.97B $12.87B $11.2B $9.93B $8.69B $6.41B $8.12B $5.86B $3.92B $4.06B $3.81B $3.62B $3.12B $2.76B $1.91B $1.85B $1.46B -$254M $1.09B
— 45.65% 45.71% 44.61% 44.66% 46% 41.9% 48.08% 39.19% 31.33% 37.67% 39.39% 38.18% 37.34% 37.33% 28.39% 33.33% 28.69% -5.09% 26.7%
$26M $21M $16M $12M $13M $9M -$73M -$1M $6M -$1M $6M $0 -$23M $1M -$3M $2M $1M $0 $0 $0
$3.22B — — — — — — — — — — — — $3.12B $2.76B $1.91B $1.84B $1.45B -$253M —
— — — — — — — — — — — — — — $2.82B $1.81B $1.75B $1.55B -$423M $1.26B
USD/shares $18.19 $16.54 $13.91 $11.86 $10.26 $8.79 $6.40 $7.98 $5.63 $3.67 $3.70 $3.36 $3.11 $2.57 $2.20 $1.49 $14.10 $11.19 -$1.94 $7.98
USD/shares $18.18 $16.52 $13.89 $11.83 $10.22 $8.76 $6.37 $7.94 $5.60 $3.65 $3.69 $3.35 $3.10 $2.56 $2.19 $1.48 $14.05 $11.16 -$1.94 $7.96
shares — 905M 925M 944M 968M 988M 1B 1.02B 1.04B 1.07B 1.1B 1.13B 1.17B 1.21B 1.25B 1.28B 131M 130M 130M 134.89M
shares — 906M 927M 946M 971M 992M 1.01B 1.02B 1.05B 1.07B 1.1B 1.14B 1.17B 1.22B 1.26B 1.28B 131M 130M 130M 135.15M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $83.04B in buybacks, $18.8B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 19,000,000,000
As of Mar 31, 2026
Tracked instruments
5
Loans, facilities and note series
Annual baseline
—
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2026-03-31 Total debt outstanding USD 19,000,000,000 10-Q filed 2026-04-30
Our total debt outstanding at both March 31, 2026 and December 31, 2025 was $19.0 billion, with the earliest maturity of $750 million of principal occurring in November 2026.
2025-12-31 Total debt outstanding USD 19,000,000,000 10-Q filed 2026-04-30
Our total debt outstanding at both March 31, 2026 and December 31, 2025 was $19.0 billion, with the earliest maturity of $750 million of principal occurring in November 2026.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current portion of long-term debt 2026-06-30 USD 2,459,000,000 10-Q filed 2026-07-30
Noncurrent debt carrying amount 2026-06-30 USD 22,184,000,000 10-Q filed 2026-07-30
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.325% Notes due 2028

Note · Mastercard Incorporated

Reference: 4.325% Notes due 2028

Active
Original principal
USD 1,250,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.325% Reported 2026-06-08 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-08 Original principal USD 1,250,000,000 Exact source document Parent 8-K filing · 2026-06-08
    On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Issuer evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.

4.425% Notes due 2029

Note · Mastercard Incorporated

Reference: 4.425% Notes due 2029

Active
Original principal
USD 1,150,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.425% Reported 2026-06-08 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-08 Original principal USD 1,150,000,000 Exact source document Parent 8-K filing · 2026-06-08
    On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Issuer evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.

4.600% Notes due 2031

Note · Mastercard Incorporated

Reference: 4.600% Notes due 2031

Active
Original principal
USD 1,350,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.6% Reported 2026-06-08 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-08 Original principal USD 1,350,000,000 Exact source document Parent 8-K filing · 2026-06-08
    On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Issuer evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.

5.000% Notes due 2036

Note · Mastercard Incorporated

Reference: 5.000% Notes due 2036

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5% Reported 2026-06-08 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-08 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-06-08
    On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Issuer evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.

Floating Rate Notes due 2028

Note · Mastercard Incorporated

Reference: Floating Rate Notes due 2028

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-08 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-06-08
    On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Issuer evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.
    Supporting evidence: On June 8, 2026, Mastercard Incorporated (the “Company”) completed an offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due 2028 (the “Floating Rate Notes”), $1,250,000,000 aggregate principal amount of its 4.325% Notes due 2028 (the “2028 Notes”), $1,150,000,000 aggregate principal amount of its 4.425% Notes due 2029 (the “2029 Notes”), $1,350,000,000 aggregate principal amount of its 4.600% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 5.000% Notes due 2036 (the “2036 Notes” and, together with the Floating Rate Notes, the 2028 Notes, the 2029 Notes and the 2031 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-277032), which Registration Statement relates to the offer and sale on a delayed basis from time to time of an indeterminate amount of the Company’s debt securities. Further information concerning the Notes and related matters is set forth in the Company’s Prospectus Supplement dated June 4, 2026, which was filed with the Securities and Exchange Commission on June 5, 2026.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
15.09×
Peer median 2.96×
EV/EBIT
25.87×
P/E (TTM)
32.41×

Peer medians compare against the 3 similar-size Credit Services companies (of 43 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022
Payment Solutions $32,791,000,000 $28,167,000,000 $25,098,000,000 $22,237,000,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
International Markets $18,747,000,000 $15,792,000,000 $13,963,000,000 $12,081,000,000 $12,217,000,000 $9,828,000,000 $10,869,000,000 $9,514,000,000
Americas $14,044,000,000 $12,375,000,000 $11,135,000,000 $10,156,000,000 — — — —
Other Markets — — — — — — $171,000,000 $124,000,000
North America — — — — $6,667,000,000 $5,473,000,000 $5,843,000,000 $5,312,000,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Payment Network $19,476,000,000 $17,335,000,000 $15,824,000,000 $14,358,000,000 $11,943,000,000 $9,897,000,000 — —
Value Added Services and Solutions $13,315,000,000 $10,832,000,000 $9,274,000,000 $7,879,000,000 $6,941,000,000 $5,404,000,000 — —
Crossborder Volume Fees — — — — — — $5,606,000,000 $4,954,000,000
Domestic Assessments — — — — — — $6,781,000,000 $6,138,000,000
Other Revenues — — — — — — $4,124,000,000 $3,348,000,000
Transaction Processing — — — — — — $8,469,000,000 $7,391,000,000
Key facts CIK 1141391 CUSIP 57636Q104 13F (30d) 253 filings 212 filers Visit website Investor relations