Mastercard Incorporated bonds MA
Who owns Mastercard Incorporated's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. MA stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 57636QAG9 | 2.95% fixed | 2026-11-21 | USD | 99.64 | 4.14% | 39 bp | 4 | $10.3M | Jul 2026 |
| 57636QAR5 | 3.3% fixed | 2027-03-26 | USD | 99.41 | 4.22% | 32 bp | 6 | $13.4M | Jul 2026 |
| 57636QAD6 | 2.1% fixed | 2027-12-01 | EUR | 98.96 | 2.90% | — | 2 | $9.8M | Jul 2026 |
| 57636QBA1 | 4.1% fixed | 2028-01-15 | USD | 99.64 | 4.36% | 23 bp | 7 | $7.0M | Jul 2026 |
| 57636QAJ3 | 3.5% fixed | 2028-02-26 | USD | 98.64 | 4.40% | 25 bp | 7 | $4.4M | Jul 2026 |
| 57636QAW4 | 4.875% fixed | 2028-03-09 | USD | 100.62 | 4.47% | 32 bp | 15 | $26.2M | Jul 2026 |
| 57636QBE3 | 4.09% floating | 2028-03-15 | USD | 100.11 | — | — | 9 | $41.3M | Jul 2026 |
| 57636QBF0 | 4.55% fixed | 2028-03-15 | USD | 100.11 | 4.47% | 32 bp | 13 | $20.7M | Jul 2026 |
| 57636QBH6 | 4.02% floating | 2028-06-08 | USD | 100.09 | — | — | 5 | $63.6M | Jul 2026 |
| 57636QBJ2 | 4.33% fixed | 2028-06-08 | USD | 99.86 | 4.41% | 21 bp | 20 | $246.7M | Jul 2026 |
| 57636QAV6 | 1% fixed | 2029-02-22 | EUR | 94.66 | 3.20% | — | 7 | $35.2M | Jul 2026 |
| 57636QAM6 | 2.95% fixed | 2029-06-01 | USD | 95.73 | 4.57% | 32 bp | 16 | $18.4M | Jul 2026 |
| 57636QBK9 | 4.425% fixed | 2029-06-08 | USD | 99.44 | 4.63% | 38 bp | 12 | $19.6M | Jul 2026 |
| 57636QAP9 | 3.35% fixed | 2030-03-26 | USD | 95.41 | 4.73% | 45 bp | 13 | $15.9M | Jul 2026 |
| 57636QAS3 | 1.9% fixed | 2031-03-15 | USD | 88.23 | 4.77% | 45 bp | 12 | $15.3M | Jul 2026 |
| 57636QBL7 | 4.6% fixed | 2031-06-08 | USD | 98.93 | 4.85% | 52 bp | 13 | $27.8M | Jul 2026 |
| 57636QAU8 | 2% fixed | 2031-11-18 | USD | 87.32 | 4.73% | 38 bp | 11 | $12.9M | Jul 2026 |
| 57636QBB9 | 4.35% fixed | 2032-01-15 | USD | 97.37 | 4.91% | 54 bp | 14 | $28.0M | Jul 2026 |
| 57636QBG8 | 4.95% fixed | 2032-03-15 | USD | 100.17 | 4.91% | 54 bp | 7 | $4.1M | Jul 2026 |
| 57636QAX2 | 4.85% fixed | 2033-03-09 | USD | 99.23 | 4.99% | 55 bp | 15 | $22.6M | Jul 2026 |
| 57636QAZ7 | 4.875% fixed | 2034-05-09 | USD | 98.58 | 5.10% | 60 bp | 17 | $47.5M | Jul 2026 |
| 57636QBC7 | 4.55% fixed | 2035-01-15 | USD | 95.77 | 5.17% | 64 bp | 17 | $29.2M | Jul 2026 |
| 57636QBM5 | 5% fixed | 2036-06-08 | USD | 97.55 | 5.32% | 73 bp | 11 | $53.1M | Jul 2026 |
| 57636QAH7 | 3.8% fixed | 2046-11-21 | USD | 75.09 | 5.92% | 82 bp | 5 | $1.5M | Jul 2026 |
| 57636QAK0 | 3.95% fixed | 2048-02-26 | USD | 75.50 | 5.99% | 88 bp | 7 | $2.0M | Jul 2026 |
| 57636QAL8 | 3.65% fixed | 2049-06-01 | USD | 71.27 | 5.97% | 86 bp | 5 | $2.0M | Jul 2026 |
| 57636QAQ7 | 3.85% fixed | 2050-03-26 | USD | 73.63 | 5.94% | 83 bp | 8 | $3.9M | Jul 2026 |
| 57636QAT1 | 2.95% fixed | 2051-03-15 | USD | 61.54 | 5.94% | 84 bp | 7 | $1.6M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 28 | $784.0M | 98.61 | 4.88% | 53 bp | 20 |
| Jun 2026 | 26 | $1.15B | 99.47 | 4.64% | 40 bp | 30 |
| May 2026 | 21 | $819.2M | 98.96 | 4.52% | 31 bp | 24 |
| Apr 2026 | 23 | $297.8M | 98.81 | 4.46% | 47 bp | 16 |
| Mar 2026 | 21 | $720.8M | 99.07 | 4.49% | 56 bp | 32 |
| Feb 2026 | 21 | $831.2M | 99.59 | 4.09% | 31 bp | 24 |
| Jan 2026 | 23 | $324.3M | 99.43 | 4.25% | 37 bp | 17 |
| Dec 2025 | 23 | $819.3M | 99.51 | 4.24% | 44 bp | 32 |
| Nov 2025 | 21 | $820.3M | 99.42 | 4.17% | 39 bp | 25 |
| Oct 2025 | 23 | $303.1M | 99.27 | 4.20% | 48 bp | 17 |
| Sep 2025 | 23 | $902.9M | 99.21 | 4.22% | 46 bp | 35 |
| Aug 2025 | 21 | $853.5M | 98.84 | 4.28% | 34 bp | 26 |
| Jul 2025 | 23 | $313.0M | 98.45 | 4.49% | 41 bp | 19 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 96 added, 53 cut, 38 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $279.3M | $260.0M | $81.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $266.9M | $250.2M | $94.5M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $185.6M | $181.3M | -$5.6M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $127.4M | $125.6M | $14.8M |
| DFA ONE-YEAR FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $87.7M | $87.7M | new |
| DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $77.8M | $77.8M | $67.2M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $75.6M | $69.5M | -$3.3M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $70.4M | $69.2M | $30.8M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $70.4M | $68.9M | $12.5M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $71.5M | $65.2M | -$10.1M |
| DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $57.1M | $58.3M | $43.6M |
| Navigator Tactical Fixed Income Fund Northern Lights Fund Trust | 2026-07-31 | $48.0M | $48.0M | new |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $45.4M | $44.9M | $24.8M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $42.0M | $42.1M | -$5.4M |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $41.1M | $41.0M | new |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund PIMCO ETF Trust | 2026-06-30 | $38.8M | $38.8M | new |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $39.1M | $38.4M | -$1.4M |
| Dimensional Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $38.4M | $37.5M | $8.7M |
| Victory Pioneer Multi-Asset Ultrashort Income Fund Victory Portfolios IV | 2026-06-30 | $32.1M | $32.1M | new |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $31.9M | $31.4M | -$3.5M |
| Bond Fund of America | 2026-06-30 | $28.3M | $28.1M | $20.3M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $28.4M | $27.8M | $210K |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $30.9M | $26.8M | $0 |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $26.6M | $26.6M | $11.2M |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $26.3M | $26.3M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): American Funds Strategic Bond Fund ($9.3M), AB Core Bond Portfolio ($7.3M), DIAMOND HILL CORE BOND FUND ($3.0M), Capital Group Core Plus Income ETF ($2.5M), AB Core Bond ETF ($1.4M), Western Asset Core Bond Fund ($580K), SIIT MULTI-ASSET REAL RETURN FUND ($403K), SIMT Multi-Asset Inflation Managed Fund ($315K), Opportunistic Fixed Income Trust ($290K), EQ/Quality Bond PLUS Portfolio ($213K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 20 | $279.3M | $260.0M | 0.07% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $185.6M | $181.3M | 0.26% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 6 | $127.4M | $125.6M | 0.25% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 9 | $75.6M | $69.5M | 0.23% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 9 | $70.4M | $69.2M | 0.10% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 7 | $70.4M | $68.9M | 0.13% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 18 | $71.5M | $65.2M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 17 | $45.4M | $44.9M | 0.39% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $38.8M | $38.8M | 0.24% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $39.1M | $38.4M | 0.21% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 5 | $38.4M | $37.5M | 0.34% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $31.9M | $31.4M | 0.14% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 7 | $28.4M | $27.8M | 0.24% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 6 | $26.6M | $26.6M | 0.25% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 18 | $28.1M | $25.7M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 53 bp spread prices in about 0.9% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in MA's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 655 | $7.18B | 2 | $1.1M | 4 | $2.0M | 0 |
| 2026-06-30 | 3,583 | $379.78B | 64 | $3.13B | 54 | $3.61B | 1 |
| 2026-03-31 | 3,574 | $325.55B | 58 | $3.22B | 51 | $2.74B | 1 |
| 2025-12-31 | 3,675 | $430.71B | 58 | $3.84B | 46 | $2.83B | 0 |
| 2025-09-30 | 3,447 | $428.56B | 61 | $4.33B | 57 | $3.25B | 0 |
| 2025-06-30 | 3,472 | $432.22B | 68 | $4.55B | 61 | $2.99B | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.