Discontinued — last reported Q2 '25
Deferred Revenue
Mastercard Deferred Revenue increased by 5.2% to $2.00B in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.8%, from $1.77B to $2.00B. Over 4 years (FY 2020 to FY 2024), Deferred Revenue shows an upward trend with a 2.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase is generally positive, signaling strong future demand and cash collection, while a decrease indicates the fulfillment of obligations.
Detailed definition
This represents payments received from customers for goods or services that have not yet been delivered or performed. It...
Peer comparison
Common in subscription and long-term contract businesses; highly indicative of future revenue visibility.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.81B | $1.83B | $1.87B | $1.73B | $1.62B | $1.53B | $1.57B | $1.61B | $1.72B | $1.82B | $1.85B | $1.86B | $1.77B | $1.87B | $1.87B | $1.90B | $2.00B |
| QoQ Change | — | +1.4% | +2.2% | -7.6% | -6.3% | -5.6% | +2.4% | +2.6% | +7.2% | +5.9% | +1.2% | +0.9% | -4.8% | +5.4% | +0.3% | +1.4% | +5.2% |
| YoY Change | — | — | — | — | -10.2% | -16.4% | -16.3% | -7.1% | +6.3% | +19.1% | +17.7% | +15.7% | +2.8% | +2.4% | +1.6% | +2.1% | +12.8% |
Product Breakdown
| Segment | Q4 '24 | Q4 '25 |
|---|---|---|
| Value-added services and solutions | $1.40B | $2.00B |
| Total | $1.87B | — |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Mastercard's deferred revenue?
- Mastercard (MA) reported deferred revenue of $2.00B in Q2 2025.
- How has Mastercard's deferred revenue changed year-over-year?
- Mastercard's deferred revenue increased by 12.8% year-over-year, from $1.77B to $2.00B.
- What is the long-term trend for Mastercard's deferred revenue?
- Over 4 years (2020 to 2024), Mastercard's deferred revenue has grown at a 2.5% compound annual growth rate (CAGR), from $1.70B to $1.87B.
- What does deferred revenue mean?
- Cash received from customers for work that has not yet been completed.