Capital Expenditures for Mastercard (MA)
According to Mastercard's latest reported financial statements, the company's current capital expenditures (TTM) is $489.00M USD. 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 .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$489.00M
YoY change
+3.2%
5Y CAGR
-7.1%
Peak year (2022)
$1.10B
Cumulative capital expenditures
$8.58B
CapEx history chart for Mastercard (MA) from 2001 to 2025
CapEx history table for Mastercard (MA) from 2001 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $489.00M | +3.2% | ||
| 2024 | $474.00M | +27.8% | ||
| 2023 | $371.00M | -66.2% | ||
| 2022 | $1.10B | +34.8% | ||
| 2021 | $814.00M | +15.0% | ||
| 2020 | $708.00M | -2.7% | ||
| 2019 | $728.00M | +44.4% | ||
| 2018 | $504.00M | +19.1% | ||
| 2017 | $423.00M | +10.7% | ||
| 2016 | $382.00M | +11.7% | ||
| 2015 | $342.00M | +2.4% | ||
| 2014 | $334.00M | +11.7% | ||
| 2013 | $299.00M | +37.2% | ||
| 2012 | $218.00M | +23.2% | ||
| 2011 | $177.00M | +17.2% | ||
| 2010 | $151.00M | +8.4% | ||
| 2009 | $139.36M | -18.2% | ||
| 2008 | $170.27M | +8.9% | ||
| 2007 | $156.42M | +65.6% | ||
| 2006 | $94.47M | +15.2% | ||
| 2005 | $82.00M | +4.9% | ||
| 2004 | $78.16M | -45.5% | ||
| 2003 | $143.47M | +41.5% | ||
| 2002 | $101.36M | -5.8% | ||
| 2001 | $107.56M | — |
CapEx values are taken from Mastercard's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Mastercard (MA) reported capital expenditures of $489.00M – edged up 3.2% year-over-year.
Mastercard capital expenditures has grown for 2 consecutive years, with a -7.1% compound annual growth rate over 2020–2025 (5 years).
Mastercard capital expenditures plunged from $1.10B in 2022 to $489.00M in 2025, a 55.4% drawdown.
$1.10B stands as the all-time-high annual capital expenditures, posted in 2022, against a low of $78.16M during 2004.
Within Financial Services, Mastercard (MA) ranks 6th among 8 peers we track. The peer median for capital expenditures is $1.77B.
Mastercard Capital Expenditures by Year
Mastercard Capital Expenditures 2025: $489.00M
Mastercard capital expenditures in 2025 was $489.00M, edged up 3.2% from 2024.
Mastercard Capital Expenditures 2024: $474.00M
Mastercard capital expenditures in 2024 was $474.00M, grew 27.8% from 2023.
Mastercard Capital Expenditures 2023: $371.00M
Mastercard capital expenditures in 2023 was $371.00M, plunged 66.2% below 2022.
Mastercard Capital Expenditures 2022: $1.10B
Mastercard capital expenditures in 2022 was $1.10B, surged 34.8% from 2021. This figure represents the highest annual value in the available history.
Mastercard Capital Expenditures 2021: $814.00M
Mastercard capital expenditures in 2021 was $814.00M.
See more financial history for Mastercard (MA).
Sector peers — CapEx
Companies in the same sector as Mastercard, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Citigroup Inc. (C) | $6.52B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Mastercard's capital expenditures?
- Latest reported capital expenditures for Mastercard (MA) is $489.00M (period ending December 31, 2025).
How has Mastercard capital expenditures changed year-over-year?
- Mastercard (MA) capital expenditures changed +3.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Mastercard capital expenditures?
- Mastercard (MA) capital expenditures compound annual growth rate is -7.1% over the most recent 5 years available.
When did Mastercard capital expenditures hit its highest annual value?
- Mastercard capital expenditures reached its highest annual value of $1.10B in 2022.
What was Mastercard capital expenditures in 2024?
- Mastercard (MA) capital expenditures in 2024 was $474.00M.
What was Mastercard capital expenditures in 2025?
- Mastercard (MA) capital expenditures in 2025 was $489.00M.
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