The company also extended its exclusive partnership with American Airlines, further solidifying its market position. Strategic Initiatives and Corporate Developments During the second quarter, Mastercard repurchased 4.2 million shares at a cost of $2.3 billion and paid $691 million in dividends. As of July 28, 2025, the company had repurchased an additional 1.8 million shares, leaving $9.3 billion remaining under approved share repurchase programs. These actions reflect Mastercard's commitment to returning capital to shareholders. Management's Perspective Michael Miebach, Mastercard CEO, commented on the results, stating, "Our momentum of deal wins continued this quarter, including the extension of our exclusive partnership with American Airlines. Overall, the second quarter was another strong one for Mastercard, with net revenue growth of 17% year-over-year, or 16% on a currency-neutral basis. These results reinforce how our teams are executing every day and delivering value in every transaction and beyond.