Mastercard Inc

For the period ended Mar 31, 2025. Filed May 1, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 1, 2025

MA$658.84+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets March, 202 and

PART I

Consolidated Balance Sheets (Unaudited)
	March 31, 2025	December 31, 2024
(in millions, except per share data)
Assets
Current assets:
Cash and cash equivalents	$7,575	$8,442
Restricted cash and restricted cash equivalents	507	492
Restricted security deposits held for customers	1,900	1,874
Investments	319	330
Accounts receivable	3,965	3,773
Settlement assets	2,119	1,821
Prepaid expenses and other current assets	3,419	2,992
Total current assets	19,804	19,724
Property, equipment and right-of-use assets, net of accumulated depreciation and amortization of $2,501 and $2,393, respectively	2,171	2,138
Deferred income taxes	1,575	1,614
Goodwill	9,352	9,193
Other intangible assets, net of accumulated amortization of $2,565 and $2,400, respectively	5,533	5,453
Other assets	10,035	9,959
Total Assets	$48,470	$48,081
Liabilities and Equity
Current liabilities:
Accounts payable	$993	$929
Settlement obligations	2,441	2,316
Restricted security deposits held for customers	1,900	1,874
Accrued litigation	1,057	930
Accrued expenses	9,263	10,393
Short-term debt	—	750
Other current liabilities	2,174	2,028
Total current liabilities	17,828	19,220
Long-term debt	18,802	17,476
Deferred income taxes	315	317
Other liabilities	4,829	4,553
Total Liabilities	41,774	41,566
Commitments and Contingencies
Stockholders’ Equity
Class A common stock, $0.0001 par value; authorized 3,000 shares, 1,405 and 1,404 shares issued and 903 and 907 shares outstanding, respectively	—	—
Class B common stock, $0.0001 par value; authorized 1,200 shares, 7 shares issued and outstanding, respectively	—	—
Additional paid-in-capital	6,326	6,442
Class A treasury stock, at cost, 502 and 497 shares, respectively	(73,995)	(71,431)
Retained earnings	75,495	72,907
Accumulated other comprehensive income (loss)	(1,155)	(1,433)
Mastercard Incorporated Stockholders' Equity	6,671	6,485
Non-controlling interests	25	30
Total Equity	6,696	6,515
Total Liabilities and Equity	$48,470	$48,081

8 MASTERCARD MARCH 31, 2025 FORM 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.