Buyback yield (TTM)
3.31%
Shareholder yield (TTM)
3.94%
5Y share count change
-10.7%
Buyback spend (TTM)
$14.72B
Cumulative buybacks
$84.92B
Key takeaways
- Mastercard (MA) repurchased about $14.72B of stock over the trailing twelve months.
- Diluted share count is down 10.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 29.92× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +21.3% per year over the latest 5-year window.
- TTM repurchases used about 99% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Mastercard (MA)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Mastercard (MA)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Mastercard (MA)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Mastercard (MA)
Latest: $11.73B
Overview
The 2025 reading of Mastercard (MA) buyback spend is $11.73B – grew 6.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Mastercard buyback spend compounded at +21.3% per year, sustaining 5 straight years of year-over-year growth.
2025 marks the peak buyback spend at $11.73B, with the historical low of $0.00 recorded in 2001.
Mastercard Buyback Spend 2025: $11.73B
In 2025, Mastercard reported buyback spend of $11.73B, grew 6.3% from 2024. This figure represents the highest annual value in the available history.
Mastercard Buyback Spend 2024: $11.04B
Mastercard buyback spend in 2024 was $11.04B, grew 22.2% from 2023.
Mastercard Buyback Spend 2023: $9.03B
2023's buyback spend for Mastercard came in at $9.03B, edged up 3.2% from 2022.
Mastercard Buyback Spend 2022: $8.75B
Mastercard posted buyback spend of $8.75B in 2022, surged 48.3% from 2021.
Mastercard Buyback Spend 2021: $5.90B
Mastercard buyback spend in 2021 was $5.90B.
See more financial history for Mastercard (MA).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $11.73B | $597.00M | $11.13B | 2.29% | 0.90B | -3.1% | |
| 2024 | $11.04B | $526.00M | $10.51B | 2.29% | 0.93B | -2.0% | |
| 2023 | $9.03B | $460.00M | $8.57B | 2.26% | 0.95B | -2.6% | |
| 2022 | $8.75B | $295.00M | $8.46B | 2.62% | 0.97B | -2.1% | |
| 2021 | $5.90B | $273.00M | $5.63B | 1.67% | 0.99B | -1.4% | |
| 2020 | $4.47B | $254.00M | $4.22B | 1.26% | 1.01B | -1.6% | |
| 2019 | $6.50B | $250.00M | $6.25B | 2.16% | 1.02B | -2.4% | |
| 2018 | $4.93B | $196.00M | $4.74B | 2.53% | 1.05B | -2.3% | |
| 2017 | $3.76B | $176.00M | $3.59B | 2.35% | 1.07B | -2.6% | |
| 2016 | $3.51B | $101.00M | $3.41B | 3.13% | 1.10B | -3.2% | |
| 2015 | $3.52B | $80.00M | $3.44B | 3.22% | 1.14B | -2.7% | |
| 2014 | $3.39B | $15.00M | $3.37B | 3.41% | 1.17B | -3.8% | |
| 2013 | $2.44B | $63.00M | $2.38B | 2.41% | 1.22B | -3.4% | |
| 2012 | $1.75B | $42.00M | $1.71B | 2.87% | 1.26B | -2.0% | |
| 2011 | $1.15B | $35.00M | $1.11B | 2.42% | 1.28B | -2.0% | |
| 2010 | $0.00 | $22.00M | −$22.00M | — | 1.31B | +0.8% | |
| 2009 | $4.62M | $88.00M | −$83.38M | 0.01% | 1.30B | -0.1% | |
| 2008 | $649.47M | $60.97M | $588.50M | 3.51% | 1.30B | -4.1% | |
| 2007 | $600.53M | $15.43M | $585.10M | 2.12% | 1.36B | -0.1% | |
| 2006 | $1.80B | $0.00 | $1.80B | 13.47% | 1.36B | +0.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 1.35B | +34.9% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 1.00B | +0.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 1.00B | +16.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.86B | +20.2% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.72B | — |
- 2025$11.73B
- 2024$11.04B
- 2023$9.03B
- 2022$8.75B
- 2021$5.90B
- 2020$4.47B
- 2019$6.50B
- 2018$4.93B
- 2017$3.76B
- 2016$3.51B
- 2015$3.52B
- 2014$3.39B
- 2013$2.44B
- 2012$1.75B
- 2011$1.15B
- 2010$0.00
- 2009$4.62M
- 2008$649.47M
- 2007$600.53M
- 2006$1.80B
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
Buybacks vs stock-based compensation for Mastercard (MA)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 29.92×.
Buybacks vs dividends (share of cash returned) for Mastercard (MA)
How Mastercard splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Mastercard, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $18.25B | |
| $13.39B | |
| $12.36B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $18.25B
- $13.39B
- $12.36B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $14.88B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
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