Discontinued — last reported Q4 '25
Cash & Equivalents
Current AssetsMastercard Cash & Equivalents increased by 14.2% to $10.31B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $12.97B to $10.31B. Over 4 years (FY 2020 to FY 2024), Cash & Equivalents shows a downward trend with a -9.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase signals improved liquidity and the ability to fund operations or acquisitions without debt; a decrease may indicate heavy capital expenditure or shareholder returns.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term instruments with matu...
Peer comparison
Peer tech giants like Alphabet or Apple maintain massive cash reserves to navigate market volatility and fund R&D.
cash_and_equivalentsHistorical 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 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.62B | $8.84B | $9.90B | $9.22B | $8.15B | $9.78B | $9.20B | $8.80B | $8.52B | $8.74B | $10.47B | $9.19B | $8.80B | $12.97B | $8.44B | $7.58B | $9.03B | $10.31B |
| QoQ Change | — | +2.5% | +12.0% | -6.9% | -11.5% | +19.9% | -5.9% | -4.3% | -3.2% | +2.6% | +19.7% | -12.2% | -4.2% | +47.3% | -34.9% | -10.3% | +19.2% | +14.2% |
| YoY Change | — | — | — | — | -5.5% | +10.6% | -7.1% | -4.5% | +4.5% | -10.6% | +13.8% | +4.4% | +3.3% | +48.3% | -19.3% | -17.5% | +2.6% | -20.5% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Mastercard's cash & equivalents?
- Mastercard (MA) reported cash & equivalents of $10.31B in Q3 2025.
- How has Mastercard's cash & equivalents changed year-over-year?
- Mastercard's cash & equivalents decreased by 20.5% year-over-year, from $12.97B to $10.31B.
- What is the long-term trend for Mastercard's cash & equivalents?
- Over 4 years (2020 to 2024), Mastercard's cash & equivalents has grown at a -9.2% compound annual growth rate (CAGR), from $12.42B to $8.44B.
- What does cash & equivalents mean?
- Money in the bank and investments that can be turned into cash almost instantly.