MA · 10-Q · 2026Q1 · Full report

Liquidity and Cash Position

Mastercard Inc · 2026-04-30 · Importance 71 · Surprise 48 · No source text

As of March 31, 2026 Mastercard had $8.2 billion of cash, cash equivalents and investments (down from $10.9 billion at December 31, 2025) and generated $3.0 billion of net cash from operating activities in Q1 2026. The company notes restricted cash and restricted security deposits held for customers of $2.9 billion at March 31, 2026 and states that existing liquidity, operating cash flow and access to capital are believed sufficient to meet operating needs, capex, commitments and potential obligations including litigation and settlement exposure. Mastercard warns that global credit market conditions or legal/regulatory outcomes could negatively impact liquidity and refers to settlement guarantee exposures described in Note 15.

Key facts

• Cash, cash equivalents and investments at March 31, 2026: $8.2 billion, versus $10.9 billion at December 31, 2025. source
• Unused line of credit at March 31, 2026 and December 31, 2025: $8.0 billion. source
• Restricted cash and restricted cash equivalents and restricted security deposits held for customers at March 31, 2026: $2.9 billion and at December 31, 2025: $2.7 billion (amounts excluded from cash, cash equivalents and investments). source
• Net cash used in investing activities for the three months ended March 31, 2026: $(362) million, versus $(340) million in the comparable period in 2025 (increase of $22 million). source

Impact estimates