MA · 10-Q · 2026Q1 · Full report

Capital Return Program

Mastercard Inc · 2026-04-30 · Importance 64 · Surprise 42

Mastercard repurchased 7.8 million shares of Class A common stock for $4.035 billion in the three months ended March 31, 2026 (average price $519.67) and paid $0.8 billion of dividends in the period. In December 2025 and December 2024 the Board approved repurchase programs authorizing up to $14.0 billion and $12.0 billion respectively; the 2025 program became effective in March 2026 after completion of the 2024 program. Remaining authorization decreased from $17.461 billion at December 31, 2025 to $13.427 billion at March 31, 2026; the company also repurchased an additional $1.688 billion of shares through April 27, 2026. Mastercard states dividend policy is subject to Board discretion and available funds.

Key facts

• Net cash used in financing activities for the three months ended March 31, 2026: $(5,005) million, versus $(2,987) million in the comparable period in 2025 (increase of $2,018 million), primarily due to higher cash paid for repurchases of Class A common stock and dividends and no net cash received from debt activity in the current period. source
• Remaining share repurchase authorization at December 31, 2025: $17,461 million; dollar-value of shares repurchased for the three months ended March 31, 2026: $4,035 million; remaining authorization at March 31, 2026: $13,427 million. source
• Repurchased 7.8 million shares of common stock for $4.0 billion and paid dividends of $0.8 billion during the three months ended March 31, 2026. source
• Shares repurchased for the three months ended March 31, 2026: 7.8 million; average price paid per share: $519.67; dollar-value of shares repurchased April 1, 2026 through April 27, 2026: $1,688 million. source