v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Classes of Capital Stock
Mastercard’s amended and restated certificate of incorporation authorizes the following classes of capital stock:
ClassPar Value Per ShareAuthorized Shares
(in millions)
Dividend and Voting Rights
A$0.00013,000 One vote per share
Dividend rights
B$0.00011,200 Non-voting
Dividend rights
Preferred$0.0001300 No shares issued or outstanding at December 31, 2025 and 2024. Dividend and voting rights are to be determined by the Board of Directors of the Company upon issuance.
Dividends Declared The total per share dividends declared during the years ended December 31 are summarized below: 
202520242023
(in millions, except per share data)
Dividends declared per share $3.15 $2.74 $2.37 
Total dividends declared$2,840 $2,526 $2,231 
Schedule of Ownership and Governance Structure
Equity ownership and voting power of the Company’s shares were allocated as follows as of December 31:
20252024
Equity OwnershipGeneral Voting PowerEquity OwnershipGeneral Voting Power
Class A stockholders
99.3 %100.0 %99.3 %100.0 %
Class B stockholders (Principal or Affiliate Customers)
0.7 %— %0.7 %— %
Note: Table may not sum due to rounding.
Schedule of Changes in Common Stock Outstanding
The following table presents the changes in the Company’s outstanding Class A and Class B common stock:
 Outstanding Shares
 Class AClass B
(in millions)
Balance at December 31, 2022948.4 7.6 
Purchases of treasury stock(23.8)— 
Share-based payments2.3 — 
Conversion of Class B to Class A common stock0.4 (0.4)
Balance at December 31, 2023927.3 7.2 
Purchases of treasury stock(23.0)— 
Share-based payments1.9 — 
Conversion of Class B to Class A common stock0.4 (0.4)
Balance at December 31, 2024906.6 6.8 
Purchases of treasury stock(21.1)— 
Share-based payments1.6 — 
Conversion of Class B to Class A common stock0.2 (0.2)
Balance at December 31, 2025887.3 6.6 
Summary of Share Repurchase Authorization The following table summarizes the Company’s share repurchase authorizations of its Class A common stock for the years ended December 31:
202520242023
(In millions, except per share data)
Board authorization$14,000 $12,000 $11,000 
Dollar-value of shares repurchased
$11,727 $10,954 $9,032 
Shares repurchased21.1 23.0 23.8 
Average price paid per share$555.78 $475.35 $379.49