Exhibit 21

LIST OF SUBSIDIARIES OF MASTERCARD INCORPORATED


The following is a list of subsidiaries of Mastercard Incorporated as of December 31, 2025, omitting subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary:

NameJurisdiction
Global Mastercard Holdings LPUnited Kingdom
Mastercard A&M Investment Holdings, LLCDelaware
Mastercard AP Financing Pte. Ltd.Singapore
Mastercard Asia/Pacific Pte. Ltd.Singapore
Mastercard/Europay U.K. LimitedUnited Kingdom
Mastercard Europe SABelgium
Mastercard Europe Services LimitedUnited Kingdom
Mastercard Financing Solutions LLCDelaware
Mastercard Holdings LPUnited Kingdom
Mastercard International IncorporatedDelaware
Mastercard Middle East Africa FZ-LLCUnited Arab Emirates
Mastercard Payment Gateway Services LimitedUnited Kingdom
Mastercard Payment Gateway Services Group LimitedUnited Kingdom
Mastercard Singapore Holding Pte. Ltd.Singapore
Mastercard Technologies, LLCDelaware
Mastercard US Holdings LLCDelaware