Mastercard annual capital expenditures (capex)
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Mastercard Capital Expenditures (CapEx) Growth & History (MA)
Mastercard's capital expenditures (capex) was $489.0M for fiscal 2025.
View full Mastercard company overviewMastercard annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $489.0M | $15.0M | +3.16% |
| 2024 | 2024-12-31 | $474.0M | $103.0M | +27.76% |
| 2023 | 2023-12-31 | $371.0M | −$71.0M | −16.06% |
| 2022 | 2022-12-31 | $442.0M | $35.0M | +8.60% |
| 2021 | 2021-12-31 | $407.0M | $68.0M | +20.06% |
| 2020 | 2020-12-31 | $339.0M | −$83.0M | −19.67% |
| 2019 | 2019-12-31 | $422.0M | $92.0M | +27.88% |
| 2018 | 2018-12-31 | $330.0M | $30.0M | +10.00% |
| 2017 | 2017-12-31 | $300.0M | $85.0M | +39.53% |
| 2016 | 2016-12-31 | $215.0M | $38.0M | +21.47% |
| 2015 | 2015-12-31 | $177.0M | $2.0M | +1.14% |
| 2014 | 2014-12-31 | $175.0M | $20.0M | +12.90% |
| 2013 | 2013-12-31 | $155.0M | $59.0M | +61.46% |
| 2012 | 2012-12-31 | $96.0M | $19.0M | +24.68% |
| 2011 | 2011-12-31 | $77.0M | $16.0M | +26.23% |
| 2010 | 2010-12-31 | $61.0M | $4.0M | +7.02% |
| 2009 | 2009-12-31 | $57.0M | −$19.0M | −25.00% |
| 2008 | 2008-12-31 | $76.0M | −$5.6M | −6.85% |
| 2007 | 2007-12-31 | $81.6M | — | — |
Mastercard quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $291.0M | $251.0M | +627.50% |
| Q1 2026 | 2026-03-31 | $154.0M | −$5.0M | −3.14% |
| Q4 2025 | 2025-12-31 | $112.0M | $17.0M | +17.89% |
| Q3 2025 | 2025-09-30 | $178.0M | $71.0M | +66.36% |
| Q2 2025 | 2025-06-30 | $40.0M | −$75.0M | −65.22% |
| Q1 2025 | 2025-03-31 | $159.0M | $2.0M | +1.27% |
| Q4 2024 | 2024-12-31 | $95.0M | $18.0M | +23.38% |
| Q3 2024 | 2024-09-30 | $107.0M | $3.0M | +2.88% |
| Q2 2024 | 2024-06-30 | $115.0M | $35.0M | +43.75% |
| Q1 2024 | 2024-03-31 | $157.0M | $47.0M | +42.73% |
| Q4 2023 | 2023-12-31 | $77.0M | −$53.0M | −40.77% |
| Q3 2023 | 2023-09-30 | $104.0M | −$7.0M | −6.31% |
| Q2 2023 | 2023-06-30 | $80.0M | $25.0M | +45.45% |
| Q1 2023 | 2023-03-31 | $110.0M | −$36.0M | −24.66% |
| Q4 2022 | 2022-12-31 | $130.0M | $8.0M | +6.56% |
| Q3 2022 | 2022-09-30 | $111.0M | −$28.0M | −20.14% |
| Q2 2022 | 2022-06-30 | $55.0M | −$26.0M | −32.10% |
| Q1 2022 | 2022-03-31 | $146.0M | $81.0M | +124.62% |
| Q4 2021 | 2021-12-31 | $122.0M | $63.0M | +106.78% |
| Q3 2021 | 2021-09-30 | $139.0M | $60.0M | +75.95% |
| Q2 2021 | 2021-06-30 | $81.0M | $11.0M | +15.71% |
| Q1 2021 | 2021-03-31 | $65.0M | −$66.0M | −50.38% |
| Q4 2020 | 2020-12-31 | $59.0M | −$57.0M | −49.14% |
| Q3 2020 | 2020-09-30 | $79.0M | −$53.0M | −40.15% |
| Q2 2020 | 2020-06-30 | $70.0M | −$21.0M | −23.08% |
| Q1 2020 | 2020-03-31 | $131.0M | $48.0M | +57.83% |
| Q4 2019 | 2019-12-31 | $116.0M | $41.0M | +54.67% |
| Q3 2019 | 2019-09-30 | $132.0M | $49.0M | +59.04% |
| Q2 2019 | 2019-06-30 | $91.0M | $1.0M | +1.11% |
| Q1 2019 | 2019-03-31 | $83.0M | $1.0M | +1.22% |
| Q4 2018 | 2018-12-31 | $75.0M | −$11.0M | −12.79% |
| Q3 2018 | 2018-09-30 | $83.0M | −$17.0M | −17.00% |
| Q2 2018 | 2018-06-30 | $90.0M | $40.0M | +80.00% |
| Q1 2018 | 2018-03-31 | $82.0M | $18.0M | +28.13% |
| Q4 2017 | 2017-12-31 | $86.0M | $27.0M | +45.76% |
| Q3 2017 | 2017-09-30 | $100.0M | $45.0M | +81.82% |
| Q2 2017 | 2017-06-30 | $50.0M | −$14.0M | −21.88% |
| Q1 2017 | 2017-03-31 | $64.0M | $27.0M | +72.97% |
| Q4 2016 | 2016-12-31 | $59.0M | $7.0M | +13.46% |
| Q3 2016 | 2016-09-30 | $55.0M | −$14.0M | −20.29% |
| Q2 2016 | 2016-06-30 | $64.0M | $39.0M | +156.00% |
| Q1 2016 | 2016-03-31 | $37.0M | $6.0M | +19.35% |
| Q4 2015 | 2015-12-31 | $52.0M | −$26.0M | −33.33% |
| Q3 2015 | 2015-09-30 | $69.0M | $11.0M | +18.97% |
| Q2 2015 | 2015-06-30 | $25.0M | $11.0M | +78.57% |
| Q1 2015 | 2015-03-31 | $31.0M | $6.0M | +24.00% |
| Q4 2014 | 2014-12-31 | $78.0M | −$12.0M | −13.33% |
| Q3 2014 | 2014-09-30 | $58.0M | $41.0M | +241.18% |
| Q2 2014 | 2014-06-30 | $14.0M | −$14.0M | −50.00% |
| Q1 2014 | 2014-03-31 | $25.0M | $5.0M | +25.00% |
| Q4 2013 | 2013-12-31 | $90.0M | $62.0M | +221.43% |
| Q3 2013 | 2013-09-30 | $17.0M | −$11.0M | −39.29% |
| Q2 2013 | 2013-06-30 | $28.0M | $0 | 0.00% |
| Q1 2013 | 2013-03-31 | $20.0M | $8.0M | +66.67% |
| Q4 2012 | 2012-12-31 | $28.0M | $2.0M | +7.69% |
| Q3 2012 | 2012-09-30 | $28.0M | $12.0M | +75.00% |
| Q2 2012 | 2012-06-30 | $28.0M | $3.0M | +12.00% |
| Q1 2012 | 2012-03-31 | $12.0M | $2.0M | +20.00% |
| Q4 2011 | 2011-12-31 | $26.0M | $2.0M | +8.33% |
| Q3 2011 | 2011-09-30 | $16.0M | $4.0M | +33.33% |
| Q2 2011 | 2011-06-30 | $25.0M | $3.0M | +13.64% |
| Q1 2011 | 2011-03-31 | $10.0M | $7.0M | +233.33% |
| Q4 2010 | 2010-12-31 | $24.0M | $4.0M | +20.00% |
| Q3 2010 | 2010-09-30 | $12.0M | $0 | 0.00% |
| Q2 2010 | 2010-06-30 | $22.0M | $9.0M | +69.23% |
| Q1 2010 | 2010-03-31 | $3.0M | −$9.0M | −75.00% |
| Q4 2009 | 2009-12-31 | $20.0M | — | — |
| Q3 2009 | 2009-09-30 | $12.0M | −$10.3M | −46.16% |
| Q2 2009 | 2009-06-30 | $13.0M | — | — |
| Q1 2009 | 2009-03-31 | $12.0M | — | — |
| Q3 2008 | 2008-09-30 | $22.3M | — | — |
Mastercard capital expenditures (capex) trends
Over the last five fiscal years, Mastercard's capital expenditures (capex) increased from $339.0M to $489.0M, a change of $150.0M. The latest reported quarter, Q2 2026, shows $291.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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