v3.25.4
Acquisitions Business Combination
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination Acquisitions
In 2025, the Company did not complete any business acquisitions.
In 2024, the Company acquired businesses for total cash consideration of $2.8 billion. In December 2024, Mastercard acquired a 100% equity interest in RF Ultimate Parent, Inc. (“Recorded Future”), a global threat intelligence company, for cash consideration of $2.7 billion. This acquisition is expected to add threat intelligence capabilities to Mastercard’s identity, fraud prevention, real-time decisioning and cybersecurity services. The net assets acquired primarily related to intangible assets, including goodwill of $1.7 billion that is primarily attributable to the synergies expected to arise after the acquisition date. None of the goodwill is expected to be deductible for local tax purposes.
In 2023, the Company did not complete any material business acquisitions.
These acquisitions align with the Company’s strategy to grow, diversify and build the Company’s business. Refer to Note 1 (Summary of Significant Accounting Policies) for the valuation techniques Mastercard utilizes to fair value the respective components of business combinations.
In 2025, the Company finalized the purchase accounting for the businesses acquired in 2024. The fair values of the purchase price allocations in aggregate, as of the acquisition dates, are noted below for the businesses acquired in 2024.
2024
(in millions)
Assets:
Cash and cash equivalents$270 
Prepaid expenses and other current assets
79 
Goodwill1,736 
Other intangible assets, net
1,361 
Other assets20 
Total assets3,466 
Liabilities:
Other current liabilities413 
Deferred income taxes 207 
Other liabilities65 
Total liabilities685 
Net assets acquired$2,781 
The following table summarizes the identified intangible assets acquired in 2024:
20242024
Acquisition Date Fair ValueWeighted-Average Useful Life
(in millions)(in years)
Developed technologies$530 8.9
Customer relationships781 15.0
Other
50 9.0
Other intangible assets, net
$1,361 12.4
Proforma information related to these acquisitions was not included because the impact on the Company's consolidated results of operations was not considered to be material.