v3.26.3
Acquisitions
 9 Months Ended
Sep. 30, 2026
Business Combination [Abstract]  
Acquisitions Acquisitions
On August 3, 2026, Mastercard acquired a 100% equity interest in BVNK Holdings Limited (“BVNK”), a provider of stablecoin infrastructure, for total cash consideration of $1.4 billion. The sellers of BVNK have the potential to earn additional contingent consideration of up to $300 million if certain performance targets are met. The net assets acquired primarily relate to intangible assets, including goodwill of $1.3 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. This acquisition is expected to expand Mastercard’s capabilities to support the digital assets ecosystem.
The Company is evaluating and finalizing the purchase accounting. Refer to Note 1 (Summary of Significant Accounting Policies) to the consolidated financial statements included in Part II, Item 8 of the Company’s 2025 Form 10-K, for the valuation techniques Mastercard utilizes to fair value the respective components of business combinations.
The estimated fair values of the purchase price allocation as of the acquisition date is noted below.
(in millions)
Assets:
Cash and cash equivalents$13 
Prepaid expenses and other current assets27 
Goodwill1,271 
Other intangible assets, net363 
Other assets32 
Total assets1,706 
Liabilities:
Other current liabilities11 
Other liabilities139 
Total liabilities150 
Net assets acquired$1,556 
The following table summarizes the identified intangible assets acquired:
Acquisition Date Fair ValueWeighted-Average Useful Life
(in millions)(in years)
Developed technologies$238 9.0
Customer relationships125 14.0
Other intangible assets, net$363 10.7
Proforma information related to the acquisition was not included because the impact on the Company's consolidated results of operations was not considered to be material.