Mixed phthalocyanine and naphthalocyanine water-soluble dyes with near-infrared absorption comprise four isoindole units linked together in a large ring to form a phthalocyanine macrocycle. At least one benzene ring is linked to an isoindole unit and at least one naphthalene ring is linked to another isoindole unit. The remaining two isoindole units each have a benzene ring or a naphthalene ring linked thereto, in any combination. A metal atom is optionally complexed to the phthalocyanine macrocycle.