MA · 10-Q · 2026Q3 · Full report
Capital Return Program
Mastercard Inc · 2026-10-29 · Importance 50 · Surprise 24 · In source text
During the first nine months of 2026, Mastercard repurchased 22.9 million Class A shares for $11.893 billion, at an average price of $520.64 per share. The company paid $2.3 billion in dividends during the same period. At September 30, 2026, $5.568 billion remained under the share repurchase authorization, down from $17.461 billion at December 31, 2025. The 2025 board-approved $14.0 billion repurchase program became effective in March 2026 after completion of the 2024 program.
Key facts
- Mastercard’s Board authorized Class A common-stock repurchase programs of up to $14.0 billion in December 2025 and $12.0 billion in 2024; the 2025 program became effective in March 2026 after completion of the 2024 program. source
- Mastercard repurchased 22.9 million shares of common stock for $11.9 billion and paid $2.3 billion in dividends during the nine months ended September 30, 2026. source
- Mastercard had $17,461 million of repurchase authorization remaining at December 31, 2025, repurchased $11,893 million of shares in the nine months ended September 30, 2026, and had $5,568 million of authorization remaining at September 30, 2026. source
- Mastercard repurchased 22.9 million shares at an average price of $520.64 per share during the nine months ended September 30, 2026. source
- Mastercard declared quarterly dividends of $0.87 per share for each 2026 payment listed, with payments scheduled for February 9, May 8, August 7, and November 9, 2026. source
- Mastercard stated that, subject to legally available funds, it intends to continue paying a quarterly cash dividend; future declarations and payments are at the Board’s discretion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -20.4% | Mastercard had $17,461 million of repurchase authorization remaining at December 31, 2025, repurchased $11,893 million of shares in the… |
| cash | negative | committed | -8.1% | Mastercard had $17,461 million of repurchase authorization remaining at December 31, 2025, repurchased $11,893 million of shares in the… |
| cash | negative | realized | -4.0% | Mastercard repurchased 22.9 million shares of common stock for $11.9 billion and paid $2.3 billion in dividends during the nine months… |
| cash | negative | committed | — | Mastercard declared quarterly dividends of $0.87 per share for each 2026 payment listed, with payments scheduled for February 9, May 8,… |