On the Record · Mastercard
Mastercard acquisitions, on the record
The businesses Mastercard bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
an AI-enabled, cloud-based solutionWord for word“In 2023, we acquired an AI-enabled, cloud-based solution designed to help stop cyber-attacks related to malware, ransomware and DDOS attacks.” 10-K for 2023 | acquisition | In 2023 | — |
Dynamic Yield LTD ("Dynamic Yield")Word for word“In April 2022, Mastercard acquired a 100 % equity interest in Dynamic Yield LTD (“Dynamic Yield”) for cash consideration of $ 325 million.” 10-K for 2023 | acquisition | April 2022 | $ 325 million |
Corporate Services business of Nets Denmark A/S ("Nets")Word for word“In March 2021, Mastercard acquired a majority of the Corporate Services business of Nets Denmark A/S (“Nets”) for € 3.0 billion (approximately $ 3.6 billion as of the date of acquisition) in cash consideration based on a € 2.85 billion enterprise value, adjusted for cash and net working capital at closing.” 10-K for 2023 | acquisition | March 2021 | € 3.0 billion |
Ekata, Inc. ("Ekata")Word for word“In June 2021, Mastercard acquired a 100 % equity interest in Ekata, Inc. (“Ekata”) for cash consideration of $ 861 million, based on an $ 850 million enterprise value, adjusted for cash and net working capital at closing.” 10-K for 2023 | acquisition | June 2021 | $ 861 million |
additional businessesWord for word“Mastercard acquired additional businesses in 2021 for consideration of $ 272 million.” 10-K for 2023 | acquisition | in 2021 | $ 272 million |
Recorded FutureWord for word“We completed our acquisition of Recorded Future, a global threat intelligence company, which adds threat intelligence capabilities to our identity, fraud prevention, real-time decisioning and cybersecurity services.” 10-K for 2024 | acquisition | — | — |
subscription management capabilitiesWord for word“We acquired subscription management capabilities that complement our existing offerings to provide consumers with greater clarity and control of their finances.” 10-K for 2024 | acquisition | — | — |
Recorded Future (RF Ultimate Parent, Inc.)Word for word“In December 2024, Mastercard acquired a 100 % equity interest in RF Ultimate Parent, Inc. (“Recorded Future”), a global threat intelligence company, for cash consideration of $ 2.7 billion.” 10-K for 2024 | acquisition | In December 2024 | for cash consideration of $ 2.7 billion |
businesses acquired in 2024Word for word“In 2024, the Company acquired businesses for total cash consideration of $ 2.8 billion.” 10-K for 2024 | acquisition | In 2024 | total cash consideration of $ 2.8 billion |
RF Ultimate Parent, Inc. ("Recorded Future")Word for word“In December 2024, Mastercard acquired a 100 % equity interest in RF Ultimate Parent, Inc. (“Recorded Future”), a global threat intelligence company, for cash consideration of $ 2.7 billion.” 10-K for 2025 | acquisition | In December 2024 | $ 2.7 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $1.18 billion |
| 2018-12-31 | $0 |
| 2019-12-31 | $1.44 billion |
| 2020-12-31 | $989 million |
| 2021-12-31 | $4.44 billion |
| 2022-12-31 | $313 million |
| 2023-12-31 | $0 |
| 2024-12-31 | $2.51 billion |
| 2025-12-31 | $0 |
Deal filings since 2016
- 2025-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Mastercard’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.