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Payments & Financial Infrastructure

Mastercard Executive Compensation (FY25)

MA · Purchase, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 17, 2026
333 figures on this page: 324 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Michael Miebach was paid $35,422,518 in total compensation as President and Chief Executive Officer for fiscal 2025, and Miebach's total was 17.7% higher than the $30,099,482 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 284:1, against median employee compensation of $124,650. Shareholders supported the say-on-pay proposal with 94.9% of votes cast for or against in favor at the meeting held June 16, 2026 for fiscal 2025. The disclosed peer group names Accenture, Adobe, American Express, Block and Booking Holdings, among others.
Chief executive, fiscal 2025
◇
Michael Miebach
Median of the other named officers
$10,383,854
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 16, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Miebach: $30,099,482 → $35,422,518 (17.7% higher)
Say-on-pay support: 95.7% → 94.9% (0.8 points lower)
CEO pay ratio: 250:1 → 284:1 (13.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Mastercard's chief executive and what were they paid?
Michael Miebach was paid $35,422,518 in total compensation as President and Chief Executive Officer for fiscal 2025. Miebach's total was 17.7% higher than the $30,099,482 reported for fiscal 2024.
What was Mastercard's say-on-pay result?
Shareholders supported the say-on-pay proposal with 94.9% of votes cast for or against in favor at the meeting held June 16, 2026 for fiscal 2025.
Which companies are in Mastercard's peer group?
The disclosed peer group names Accenture, Adobe, American Express, Block and Booking Holdings, among others.
What is Mastercard's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 284:1, against median employee compensation of $124,650.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Miebach
President and Chief Executive Officer
◇—◇◇◇—◇◇
Sachin Mehra
Chief Financial Officer
◇—◇◇◇—◇◇
Craig Vosburg
Chief Product Officer
◇—◇◇◇—◇◇
Timothy Murphy
Chief Administrative Officer
◇—◇◇◇—◇◇
Michael Froman
Vice Chairman and President, Strategic Growth
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Miebach
President and Chief Executive Officer
◇—◇◇◇—◇◇
Sachin Mehra
Chief Financial Officer
◇—◇◇◇—◇◇
Craig Vosburg
Chief Services Officer
◇—◇◇◇—◇◇
Timothy Murphy
Vice Chair (formerly Chief Administrative Officer)
◇—◇◇◇—◇◇
Michael Froman
Former Vice Chairman & President, Strategic Growth
Departed during or after this year
◇—◇◇◇—◇◇
Edward McLaughlin
President and CTO, Mastercard Technology
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Miebach
President and Chief Executive Officer
◇—◇◇◇—◇◇
Sachin Mehra
Chief Financial Officer
◇—◇◇◇—◇◇
Craig Vosburg
Chief Services Officer
◇—◇◇◇—◇◇
Timothy Murphy
Chief Administrative Officer
◇—◇◇◇—◇◇
Raj Seshadri
Chief Commercial Payments Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Miebach
President and Chief Executive Officer
◇—◇◇◇—◇◇
Sachin Mehra
Chief Financial Officer
◇—◇◇◇—◇◇
Craig Vosburg
Chief Services Officer
◇—◇◇◇—◇◇
Timothy Murphy
Vice Chair (formerly Chief Administrative Officer)
◇—◇◇◇—◇◇
Edward McLaughlin
President and CTO, Mastercard Technology
◇—◇◇◇—◇◇
Linda Kirkpatrick
President, Americas
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Craig VosburgOPTION◇——◇—◇◇
Craig VosburgRSU◇——◇——◇
Craig VosburgPSU◇—◇—◇—◇
Edward McLaughlinRSU◇——◇——◇
Edward McLaughlinPSU◇—◇—◇—◇
Edward McLaughlinOPTION◇——◇—◇◇
Linda KirkpatrickRSU◇——◇——◇
Linda KirkpatrickOPTION◇——◇—◇◇
Linda KirkpatrickPSU◇—◇—◇—◇
Michael MiebachRSU◇——◇——◇
Michael MiebachPSU◇—◇—◇—◇
Michael MiebachOPTION◇——◇—◇◇
Sachin MehraPSU◇—◇—◇—◇
Sachin MehraRSU◇——◇——◇
Sachin MehraOPTION◇——◇—◇◇
Timothy MurphyRSU◇——◇——◇
Timothy MurphyPSU◇—◇—◇—◇
Timothy MurphyOPTION◇——◇—◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Craig VosburgOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
Edward McLaughlinOption◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇—
Sachin MehraOption◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
Timothy MurphyRSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
Linda KirkpatrickPSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
Michael MiebachRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julius Genachowski
◇◇———◇◇
Youngme Moon
◇◇———◇◇
Richard K. Davis
◇◇———◇◇
Gabrielle Sulzberger
◇◇———◇◇
Choon Phong Goh
◇◇———◇◇
Candido Bracher
◇◇————◇
Rima Qureshi
◇◇————◇
Lance Uggla
◇◇———◇◇
Harit Talwar
◇◇————◇
Oki Matsumoto
◇◇————◇
Merit E. Janow and Michael Miebach served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock or DSUs.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Accenture ACN
  • Adobe ADBE
  • American Express AXP
  • Block XYZ
  • Booking Holdings BKNG
  • Broadcom AVGO
  • Discover Financial Services DFS
  • Fiserv FISV
  • IBM IBM
  • Intuit INTU
  • Microsoft MSFT
  • Oracle ORCL
  • PayPal Holdings PYPL
  • S&P Global SPGI
  • Salesforce CRM
  • Visa V

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 16, 2026=◇◇◇
2024June 24, 2025=◇◇◇
2023June 18, 2024=◇◇◇
2022June 27, 2023=◇◇◇
2021June 21, 2022=◇◇◇
2020June 22, 2021=◇◇◇
2019June 16, 2020=◇◇◇
2018June 25, 2019=◇◇◇
2017June 26, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Mastercard disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Mastercard sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
333 figures on this page: 324 cited to the filing that reported them, 9 calculated from figures it prints.
324 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001141391-26-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001141391-26-000021
    2025 total director compensation · CEO Pay Ratio · Director compensation · Grants of plan-based awards in 2025 · and 3 more sections
  3. 0001141391-25-000154
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001141391-25-000078
    Summary Compensation Table
  5. 0001141391-24-000121
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001141391-24-000078
    Summary compensation table
  7. 0001141391-23-000094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001141391-23-000070
    Summary compensation table
  9. 0001141391-22-000137
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001141391-21-000115
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001141391-20-000120
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001141391-19-000088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001141391-18-000076
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Mastercard executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MA (accessed 2026).
Short form: data: Velarion
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Payments & Financial Infrastructure rankings

Chief executive pay — Payments & Financial InfrastructureCEO pay ratio — Payments & Financial InfrastructureSay-on-pay support — Payments & Financial Infrastructure

Peers Mastercard discloses

The companies named in MA's own disclosed peer group.

AdobeAmerican ExpressBlockBroadcomIBMIntuitMicrosoftOraclePayPal HoldingsSalesforceVisa

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy