Latest period
$484M
YoY change
+3.2%
5Y CAGR
-7.1%
Peak year (FY2022)
$1.1B
Cumulative CapEx
$8.74B
CapEx history chart for Mastercard (MA) from 2016 to 2025
Latest: $489M
CapEx growth chart for Mastercard (MA) from 2016 to 2025
Latest: +3.2%
CapEx history table for Mastercard (MA) from 2001 to 2025
| FY2025 | $489M | +3.2% | +$15M | ||
| FY2024 | $474M | +27.8% | +$103M | ||
| FY2023 | $371M | -66.2% | -$726M | ||
| FY2022 | $1.1B | +34.8% | +$283M | ||
| FY2021 | $814M | +15.0% | +$106M | ||
| FY2020 | $708M | -2.7% | -$20M | ||
| FY2019 | $728M | +44.4% | +$224M | ||
| FY2018 | $504M | +19.1% | +$81M | ||
| FY2017 | $423M | +10.7% | +$41M | ||
| FY2016 | $382M | +11.7% | +$40M | ||
| FY2015 | $342M | +2.4% | +$8M | ||
| FY2014 | $334M | +11.7% | +$35M | ||
| FY2013 | $299M | +37.2% | +$81M | ||
| FY2012 | $218M | +23.2% | +$41M | ||
| FY2011 | $177M | +17.2% | +$26M | ||
| FY2010 | $151M | +8.4% | +$11.6M | ||
| FY2009 | $139M | -18.2% | -$30.9M | ||
| FY2008 | $170M | +8.9% | +$13.9M | ||
| FY2007 | $156M | +65.6% | +$62M | ||
| FY2006 | $94.5M | +15.2% | +$12.5M | ||
| FY2005 | $82M | +4.9% | +$3.85M | ||
| FY2004 | $78.2M | -45.5% | -$65.3M | ||
| FY2003 | $143M | +41.5% | +$42.1M | ||
| FY2002 | $101M | -5.8% | -$6.2M | ||
| FY2001 | $108M | — | — |
- FY2025$489M+3.2%
- FY2024$474M+27.8%
- FY2023$371M-66.2%
- FY2022$1.1B+34.8%
- FY2021$814M+15.0%
- FY2020$708M-2.7%
- FY2019$728M+44.4%
- FY2018$504M+19.1%
- FY2017$423M+10.7%
- FY2016$382M+11.7%
- FY2015$342M+2.4%
- FY2014$334M+11.7%
- FY2013$299M+37.2%
- FY2012$218M+23.2%
- FY2011$177M+17.2%
- FY2010$151M+8.4%
- FY2009$139M-18.2%
- FY2008$170M+8.9%
- FY2007$156M+65.6%
- FY2006$94.5M+15.2%
- FY2005$82M+4.9%
- FY2004$78.2M-45.5%
- FY2003$143M+41.5%
- FY2002$101M-5.8%
- FY2001$108M—
CapEx values are taken from Mastercard's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Mastercard (MA)
According to Mastercard's latest reported financial statements, the company's current CapEx (TTM) is $484M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Mastercard (MA) reported CapEx of $489M – edged up 3.2% year-over-year.
Mastercard CapEx has grown for 2 consecutive years, with a -7.1% compound annual growth rate over 2020–2025 (5 years).
Mastercard CapEx plunged from $1.1B in 2022 to $489M in 2025, a 55.4% drawdown.
$1.1B stands as the all-time-high annual CapEx, posted in 2022, against a low of $78.2M during 2004.
Mastercard Capital Expenditures by Year
Mastercard Capital Expenditures 2025: $489M
Mastercard CapEx in 2025 was $489M, edged up 3.2% from 2024.
Mastercard Capital Expenditures 2024: $474M
2024's CapEx for Mastercard came in at $474M, grew 27.8% from 2023.
Mastercard Capital Expenditures 2023: $371M
Mastercard posted CapEx of $371M in 2023, plunged 66.2% below 2022.
Mastercard Capital Expenditures 2022: $1.1B
In 2022, Mastercard reported CapEx of $1.1B, surged 34.8% from 2021. This figure represents the highest annual value in the available history.
Mastercard Capital Expenditures 2021: $814M
Mastercard CapEx in 2021 was $814M.
See more financial history for Mastercard (MA).
Sector peers by CapEx
Financial Services peers of Mastercard (MA), ranked by their latest CapEx
| $20.9B | |
| $2.9B | |
| $2.43B | |
| $2.06B | |
| $1.48B | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $2.9B
- $2.43B
- $2.06B
- $1.48B
- $0.00
- $0.00
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- Buybacks3.31% TTM
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