Buyback Radar
Company reports

Mastercard

MA

Mastercard has retired 33.6% of its shares since 2010, from 1,310,000,000 to 869,464,115.

33.6%retired since 2010
12.0%last 5 years
3.9%last 12 months
869Mshares today
Shares outstanding, 2002 to todaysplit adjusted, from SEC filings
a quarter gone 20211.3B shares, 2010869M20052010201520202025
2002, 1,000,000,0002026-07-27, 869,464,115

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2002
1.2× more of Mastercard today, without buying another share. It was one of 1,000,000,000 shares then. It is one of 869,464,115 now.
Every filing we read24 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20022003-02-281,000,000,00010-Kcover page
20032004-02-241,000,000,00010-Kcover page
20042005-02-091,000,000,00010-Kcover page
20052006-03-151,000,003,48010-Kcover page
20062007-02-23797,456,52010-Kcover page
20072008-02-19871,804,53010-Kcover page
20082009-02-12985,141,96010-Kcover page
20092010-02-111,104,415,42010-K
20102010-12-311,310,000,00010-Kfiscal-year average
20112011-12-311,279,000,00010-Kfiscal-year average
20122012-12-311,253,000,00010-Kfiscal-year average
20132013-12-311,211,000,00010-Kfiscal-year average
20142014-12-311,165,000,00010-Kfiscal-year average
20152015-12-311,134,000,00010-Kfiscal-year average
20162016-12-311,098,000,00010-Kfiscal-year average
20172017-12-311,067,000,00010-Kfiscal-year average
20182018-12-311,041,000,00010-Kfiscal-year average
20192019-12-311,017,000,00010-Kfiscal-year average
20202020-12-311,002,000,00010-Kfiscal-year average
20212021-12-31988,000,00010-Kfiscal-year average
20222022-12-31968,000,00010-Kfiscal-year average
20232023-12-31944,000,00010-Kfiscal-year average
20242024-12-31925,000,00010-Kfiscal-year average
20252025-12-31905,000,00010-Kfiscal-year average

Source: all 10-K filings of Mastercard on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Jul 25, 2026PaidAkre Cut Mastercard to Buy a Junkyard Stock Down 50%. That Stock Is Copart (CPRT).One of the greatest compounders alive is sitting on $107 million of losses and buying more. The company just spent $1.6 billion eating itself. The incoming CEO works for $1 a year.Read on Substack →
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Mastercard buybacks, answered

Is Mastercard buying back its stock?

Yes. Mastercard has 3.9% fewer shares outstanding than twelve months ago, 869,464,115 as of July 27, 2026. Over five years the share count is down 12.0%.

How many shares has Mastercard bought back?

Net of every new share it issued, Mastercard has 440.5 million fewer shares than at its 2010 peak. That is 33.6% of the company.

How many shares does Mastercard have outstanding?

869,464,115 shares, as of July 27, 2026, from the cover page of its latest 10-Q. At the 2010 peak it had 1,310,000,000.

What do Mastercard's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Mastercard stock in 2010 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Mastercard compare with other cannibal stocks?

Mastercard ranks No. 157 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Adobe (33.9%), UnitedHealth (33.8%), JPMorgan Chase (33.3%), Brunswick (33.1%).

Every answer is computed from Mastercard's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates100,993 shares, $51.9M, Q2 2026
Tom GaynerMarkel Group207,540 shares, $106.6M, Q2 2026
Jensen InvestmentJensen Investment Management347,714 shares, $178.6M, Q2 2026
Donald YacktmanYacktman Asset Management11,670 shares, $6.0M, Q2 2026
Glenn GreenbergBrave Warrior Advisors1,172 shares, $602K, Q2 2026
Tom RussoGardner Russo & Quinn1,522,395 shares, $781.9M, Q2 2026
Polen CapitalPolen Capital Management1,141,958 shares, $586.5M, Q2 2026
Terry SmithFundsmith1,245,051 shares, $639.5M, Q2 2026
Wally WeitzWeitz Investment Management145,350 shares, $74.7M, Q2 2026
Francois RochonGiverny Capital28,816 shares, $14.8M, Q2 2026
AKO CapitalAKO Capital189,941 shares, $98K, Q2 2026
John ArmitageEgerton Capital (UK)363,490 shares, $186.7M, Q2 2026
Chuck AkreAkre Capital Management1,989,906 shares, $1.0B, Q2 2026
Bill AckmanPershing Square2,124,646 shares, $1.1B, Q2 2026
Guy SpierAquamarine Zurich40,000 shares, $21K, Q2 2026
Dev KantesariaValley Forge Capital Management1,065,934 shares, $547.5M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Mastercard in depth on Cannibal Stocks.

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