Mastercard (MA) FCF Margin (2009 - 2026)
Mastercard's (MA) quarterly FCF Margin came in at 37.82% in Q2 2026, down 1669.0% on a YoY basis from 2.41% in Q2 2025, and up 12.72% quarter-over-quarter from 33.56% in Q1 2026.
Analysis
Mastercard (MA) FCF Margin (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported FCF Margin for 18 consecutive years, with 37.82% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 1669.0% year-over-year to 37.82%; the trailing twelve-month figure through Jun 2026 stood at 47.41% (down 638.0% YoY), and the FY2025 full-year result was 51.61%, up 169.0% from the prior year.
- FCF Margin rose to 37.82% in Q2 2026 per MA's latest filing, from 33.56% in the prior quarter.
- Across five years, FCF Margin topped out at 67.49% in Q3 2024 and bottomed at 22.86% in Q1 2024.
- Historically, FCF Margin has averaged 46.39% across 5 years, with a median of 44.99% in 2023.
- The sharpest annual moves came in 2024 and 2026: FCF Margin soared 1999 bps in 2024, then tumbled 1669 bps in 2026.
- Over 5 years, FCF Margin stood at 49.7% in 2022, then rose by 21 bps to 60.14% in 2023, then increased by 4 bps to 62.48% in 2024, then slipped by 12 bps to 54.78% in 2025, then sank by 31 bps to 37.82% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 37.82%, 33.56%, and 54.78% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 655.38 Bn | 643.02 Bn | - | 52.76% |
| 2 | Mastercard | 492.20 Bn | 478.71 Bn | - | 37.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.82% |
| Mar 31, 2026 | 33.56% |
| Dec 31, 2025 | 54.78% |
| Sep 30, 2025 | 63.73% |
| Jun 30, 2025 | 54.52% |
| Mar 31, 2025 | 30.10% |
| Dec 31, 2024 | 62.48% |
| Sep 30, 2024 | 67.49% |
| Jun 30, 2024 | 42.48% |
| Mar 31, 2024 | 22.86% |
| Dec 31, 2023 | 60.14% |
| Sep 30, 2023 | 47.50% |
| Jun 30, 2023 | 40.60% |
| Mar 31, 2023 | 29.18% |
| Dec 31, 2022 | 49.70% |
| Sep 30, 2022 | 64.11% |
| Jun 30, 2022 | 42.30% |
| Mar 31, 2022 | 31.62% |
| Dec 31, 2021 | 59.11% |
| Sep 30, 2021 | 48.81% |