MA · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

Mastercard Inc · 2026-10-29 · Importance 42 · Surprise 14 · No source text

At September 30, 2026, Mastercard held $10.5 billion in cash, cash equivalents and investments, compared with $10.9 billion at December 31, 2025. It had $8.0 billion available under its revolving credit facility at both dates, with no borrowings under that facility or the commercial paper program. Restricted cash, cash equivalents and customer security deposits totaled $2.8 billion at September 30, 2026, versus $2.7 billion at year-end 2025. Management stated that existing liquidity, operating cash generation and access to capital were sufficient for operating needs, capital purchases, commitments and potential obligations.

Key facts

• Mastercard’s net cash provided by operating activities was $11,859 million for the nine months ended September 30, 2026, compared with $12,646 million in the comparable 2025 period. source
• Mastercard generated $11.9 billion of net cash flows from operations in the nine months ended September 30, 2026. source
• At September 30, 2026, Mastercard had $10.5 billion of cash, cash equivalents and investments, compared with $10.9 billion at December 31, 2025. source
• Mastercard’s net cash used in financing activities was $9,425 million for the nine months ended September 30, 2026, compared with $9,993 million in the comparable 2025 period. source
• Mastercard had $8.0 billion available under its revolving credit facility at both September 30, 2026 and December 31, 2025. source
• Mastercard’s net cash used in investing activities increased $1,662 million in the nine months ended September 30, 2026, primarily because of cash paid for a business acquisition and higher property and equipment purchases. source
• Mastercard’s net cash provided by operating activities decreased $787 million in the nine months ended September 30, 2026, primarily because higher customer incentive payments, litigation-settlement cash payments, and settlement timing more than offset higher net income after non-cash adjustments. source
• Mastercard’s net cash used in financing activities decreased $568 million in the nine months ended September 30, 2026, primarily due to higher debt-issuance proceeds and lower debt repayments, partly offset by higher share-repurchase and dividend payments. source

Impact estimates