Mastercard (MA) risk factors: FY2025 10-K

1. Information Security and Operational Resiliencenew
2. Information security incidents or account data compromise events could disrupt our business, damage our reputation, increase our costs and cause losses.new
3. Service disruptions that cause us to be unable to process transactions or service our customers could reduce our operational resilience and materially affect our overall business and results of operations.

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1. Losing a significant portion of business from one or more of our largest customers could lead to significant revenue decreases in the longer term, which could have a material adverse impact on our business and our results of operations.
2. Exclusive/near exclusive relationships certain customers have with our competitors may have a material adverse impact on our business.
3. Consolidation amongst our customers could materially and adversely affect our overall business and results of operations.
4. Our business significantly depends on the continued success and competitiveness of our issuing and acquiring customers and, in many jurisdictions, their ability to effectively manage or help manage our brands.
5. Merchants’ continued focus on acceptance costs may lead to additional litigation and regulatory proceedings and/or increase our incentive program costs, which could materially and adversely affect our profitability.
6. Our work with governments exposes us to risks that could have a material impact on our business and results of operations.
7. Global Economic and Political Environment
8. Global economic, political, financial and societal events or conditions could result in a material and adverse impact on our overall business and results of operations.
9. Adverse economic trends.
10. Cross-border transactions.
11. Russia’s invasion of Ukraine.
12. Adverse currency fluctuations and foreign exchange controls could negatively impact our results of operations.
13. Brand, Reputational Impact and Environmental, Social and Governance
14. Negative brand perception may materially and adversely affect our overall business.
15. Lack of visibility of our brand in our products and services, or in the products and services of our partners who use our technology, may materially and adversely affect our business.
16. Environmental, social and governance matters and related stakeholder reaction may impact our reputation, increase legal exposure and/or have other business impacts, which could adversely affect our overall business and/or results of operations.

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1. We may not be able to attract and retain a highly qualified workforce, or maintain our corporate culture, which could harm our overall business and results of operations.

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1. Our efforts to enter into acquisitions, strategic investments or new businesses could be impacted or prevented by regulatory scrutiny and could otherwise result in issues that could disrupt our business and harm our results of operations or reputation.

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1. Our role as guarantor, as well as other contractual obligations and discretionary actions, expose us to risk of loss or illiquidity.
2. Provisions in our organizational documents and Delaware law could be considered anti-takeover provisions and have an impact on change-in-control.
3. Mastercard Foundation’s substantial stock ownership, and restrictions on its sales, may impact corporate actions or acquisition proposals favorable to, or favored by, the other public stockholders.

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