Mastercard (MA) EV to FCF (2009 - 2026)
Mastercard's EV to FCF was 26.10 in Q2 2026, down 12.9% from 29.98 a year earlier but up 7.4% from the prior quarter.
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Analysis
Mastercard (MA) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mastercard's EV to FCF was 24.37 through Jun 30, 2026, down 14.0% year-over-year; for FY2025, it was 28.91, down 11.8% from FY2024.
- In earlier years, EV to FCF was 32.78 in FY2024 (-1.7%), 33.33 in FY2023 (+11.0%), 30.02 in FY2022 (-20.5%) and 37.76 in FY2021 (-24.0%).
- Quarterly EV to FCF has moved between 24.29 (Q1 2026) and 40.68 (Q3 2021) over five years.
- Compared with a year earlier, EV to FCF has declined for eight straight quarters, with an average decline of 11.9% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q3 2023 (growth of 41.3%); the worst was Q3 2022 (a decline of 40.2%).
- Per Business Quant data, MA's EV to FCF in the three quarters before Q2 2026 was 24.29 (Q1 2026), 28.91 (Q4 2025) and 29.27 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.10 |
| Mar 31, 2026 | 24.29 |
| Dec 31, 2025 | 28.91 |
| Sep 30, 2025 | 29.27 |
| Jun 30, 2025 | 29.98 |
| Mar 31, 2025 | 32.47 |
| Dec 31, 2024 | 32.78 |
| Sep 30, 2024 | 32.28 |
| Jun 30, 2024 | 33.98 |
| Mar 31, 2024 | 38.69 |
| Dec 31, 2023 | 33.33 |
| Sep 30, 2023 | 34.39 |
| Jun 30, 2023 | 32.49 |
| Mar 31, 2023 | 30.72 |
| Dec 31, 2022 | 30.02 |
| Sep 30, 2022 | 24.34 |
| Jun 30, 2022 | 31.23 |
| Mar 31, 2022 | 36.43 |
| Dec 31, 2021 | 37.76 |
| Sep 30, 2021 | 40.68 |
API Access
Mastercard EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();