Amortization of Customer Incentives

Operating

Mastercard Amortization of Customer Incentives increased by 3.1% to $533.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.2%, from $502.00M to $533.00M. Over 3 years (FY 2021 to FY 2024), Amortization of Customer Incentives shows an upward trend with a 10.1% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ3 2025

How to read this metric

Higher amortization reflects significant historical investment in securing long-term customer partnerships.

Detailed definition

This represents the non-cash amortization of upfront payments or rebates provided to financial institutions to secure lo...

Peer comparison

Common in payment networks and SaaS companies that use upfront incentives to drive volume.

Metric ID: cf_ma_amortization_of_customer_incentives

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$313.00M$344.00M$376.00M$430.00M$382.00M$385.00M$389.00M$378.00M$404.00M$414.00M$426.00M$411.00M$415.00M$502.00M$502.00M$476.00M$517.00M$533.00M
QoQ Change+9.9%+9.3%+14.4%-11.2%+0.8%+1.0%-2.8%+6.9%+2.5%+2.9%-3.5%+1.0%+21.0%+0.0%-5.2%+8.6%+3.1%
YoY Change+22.0%+11.9%+3.5%-12.1%+5.8%+7.5%+9.5%+8.7%+2.7%+21.3%+17.8%+15.8%+24.6%+6.2%
Range$313.00M$533.00M
CAGR+13.3%
Avg YoY Growth+10.4%
Median YoY Growth+9.1%
Current Streak2 quarters growth

Frequently Asked Questions

What is Mastercard's amortization of customer incentives?
Mastercard (MA) reported amortization of customer incentives of $533.00M in Q3 2025.
How has Mastercard's amortization of customer incentives changed year-over-year?
Mastercard's amortization of customer incentives increased by 6.2% year-over-year, from $502.00M to $533.00M.
What is the long-term trend for Mastercard's amortization of customer incentives?
Over 3 years (2021 to 2024), Mastercard's amortization of customer incentives has grown at a 10.1% compound annual growth rate (CAGR), from $1.37B to $1.83B.
What does amortization of customer incentives mean?
The non-cash portion of costs related to customer contract incentives.

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