Investing
CapEx
Mastercard CapEx increased by 37.5% to $154.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.1%, from $159.00M to $154.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 4.7% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $81.00M | $139.00M | $122.00M | $146.00M | $55.00M | $111.00M | $130.00M | $110.00M | $80.00M | $104.00M | $77.00M | $157.00M | $115.00M | $107.00M | $95.00M | $159.00M | $40.00M | $178.00M | $112.00M | $154.00M |
| QoQ Change | — | +71.6% | -12.2% | +19.7% | -62.3% | +101.8% | +17.1% | -15.4% | -27.3% | +30.0% | -26.0% | +103.9% | -26.8% | -7.0% | -11.2% | +67.4% | -74.8% | +345.0% | -37.1% | +37.5% |
| YoY Change | — | — | — | — | -32.1% | -20.1% | +6.6% | -24.7% | +45.5% | -6.3% | -40.8% | +42.7% | +43.8% | +2.9% | +23.4% | +1.3% | -65.2% | +66.4% | +17.9% | -3.1% |
Range$40.00M – $178.00M
CAGR+14.5%
Avg YoY Growth+3.6%
Median YoY Growth+2.1%
CapEx at Other Companies
Frequently Asked Questions
- What is Mastercard's capex?
- Mastercard (MA) reported capex of $154.00M in Q1 2026.
- How has Mastercard's capex changed year-over-year?
- Mastercard's capex decreased by 3.1% year-over-year, from $159.00M to $154.00M.
- What is the long-term trend for Mastercard's capex?
- Over 4 years (2021 to 2025), Mastercard's capex has grown at a 4.7% compound annual growth rate (CAGR), from $407.00M to $489.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.