MA · 10-Q · 2026Q1 · Full report

Outstanding Indebtedness

Mastercard Inc · 2026-04-30 · Importance 56 · Surprise 24 · In source text

Total debt outstanding was $19.0 billion at both March 31, 2026 and December 31, 2025, with the earliest scheduled maturity being $750 million in November 2026. Mastercard maintains a Commercial Paper Program authorized up to $8 billion and an $8 billion committed unsecured revolving credit facility that was amended and extended in 2025 to expire in November 2030; the credit facility supports the Commercial Paper Program. At March 31, 2026 there were no borrowings under these facilities, but in April 2026 Mastercard issued commercial paper and, as of April 27, 2026, had $2.5 billion outstanding at a weighted-average interest rate of 3.82%. The company states borrowings under these facilities may be used for general corporate purposes, including providing liquidity for settlement failures.

Key facts

• At March 31, 2026 and December 31, 2025, there were no borrowings under the Commercial Paper Program or Credit Facility; during April 2026 Mastercard issued commercial paper and as of April 27, 2026 had $2.5 billion of commercial paper outstanding with a weighted-average interest rate of 3.82%. source
• Total debt outstanding at March 31, 2026 and December 31, 2025: $19.0 billion, with the earliest maturity of $750 million of principal occurring in November 2026. source
• Commercial Paper Program authorized to issue up to $8 billion in outstanding notes with maturities up to 397 days; Credit Facility is a committed unsecured $8 billion revolving credit facility that expires in November 2030. source

Impact estimates