Mastercard (MA) Shares Outstanding (2009 - 2026)
Mastercard (MA) recorded Shares Outstanding of 882 million in Q2 2026, down 2.9% from 908 million a year earlier and down 1.0% from the prior quarter.
Powered by 
Analysis
Mastercard (MA) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Mastercard reported Shares Outstanding of 905 million, down 2.2% from FY2024.
- Annual Shares Outstanding has declined for 15 straight years, with a five-year compound annual growth rate of -2.0% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 925 million in FY2024 (-2.0%), 944 million in FY2023 (-2.5%), 968 million in FY2022 (-2.0%) and 988 million in FY2021 (-1.4%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding in data going back to Q1 2009.
- On a year-over-year basis, Shares Outstanding has declined for 61 consecutive quarters, with an average decline of 2.2% over the last eight quarters.
- The year-over-year decline in Shares Outstanding has ranged between 1.4% (Q4 2021) and 2.9% (Q2 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at 891 million (Q1 2026), 905 million (Q4 2025) and 903 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 1.67 Bn |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 882.00 Mn |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | 1.02 Bn |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 210.84 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 312.80 Mn |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 30.11 Mn |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 61.47 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | 2.81 Mn |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 678.00 Mn |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 620.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 882.00 Mn |
| Mar 31, 2026 | 891.00 Mn |
| Dec 31, 2025 | 905.00 Mn |
| Sep 30, 2025 | 903.00 Mn |
| Jun 30, 2025 | 908.00 Mn |
| Mar 31, 2025 | 912.00 Mn |
| Dec 31, 2024 | 925.00 Mn |
| Sep 30, 2024 | 923.00 Mn |
| Jun 30, 2024 | 929.00 Mn |
| Mar 31, 2024 | 933.00 Mn |
| Dec 31, 2023 | 944.00 Mn |
| Sep 30, 2023 | 941.00 Mn |
| Jun 30, 2023 | 946.00 Mn |
| Mar 31, 2023 | 953.00 Mn |
| Dec 31, 2022 | 968.00 Mn |
| Sep 30, 2022 | 965.00 Mn |
| Jun 30, 2022 | 971.00 Mn |
| Mar 31, 2022 | 977.00 Mn |
| Dec 31, 2021 | 988.00 Mn |
| Sep 30, 2021 | 986.00 Mn |
API Access
Mastercard Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();