Mastercard (MA) FCF Margin (2009 - 2026)
Mastercard (MA) posted FCF Margin of 33.56% for Q1 2026, down 36.49% quarter-over-quarter from 52.84% in Q4 2025, and up 346.0% year-on-year from 7.52% in Q1 2025.
Mastercard (MA) FCF Margin (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported FCF Margin for 18 consecutive years, with 33.56% the latest figure, recorded in Q1 2026.
- FCF Margin for Q1 2026 came in at 33.56%, up 346.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 51.73% (up 85.0% YoY), and the FY2025 annual result was 51.61%, up 169.0% from the prior year.
- FCF Margin was 33.56% for Q1 2026 at Mastercard, down from 52.84% in the prior quarter.
- Over five years, FCF Margin peaked at 68.25% in Q3 2024 and troughed at 22.86% in Q1 2024.
- Average FCF Margin over 5 years is 46.92%, with a median of 47.9% recorded in 2023.
- Year-over-year, FCF Margin plunged 1621 bps in 2023 and surged 2035 bps in 2024.
- Over 5 years, FCF Margin stood at 49.7% in 2022, then grew by 14 bps to 56.61% in 2023, then climbed by 6 bps to 59.99% in 2024, then decreased by 12 bps to 52.84% in 2025, then tumbled by 36 bps to 33.56% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 33.56% in Q1 2026, 52.84% in Q4 2025, and 65.72% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 23.37% |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 33.56% |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 14.04% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 10.81% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 6,779.64% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | -216.52% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 65.22% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 46.37% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 15.37% |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 65.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.56% |
| Dec 31, 2025 | 52.84% |
| Sep 30, 2025 | 65.72% |
| Jun 30, 2025 | 54.52% |
| Mar 31, 2025 | 30.10% |
| Dec 31, 2024 | 59.99% |
| Sep 30, 2024 | 68.25% |
| Jun 30, 2024 | 44.35% |
| Mar 31, 2024 | 22.86% |
| Dec 31, 2023 | 56.61% |
| Sep 30, 2023 | 47.90% |
| Jun 30, 2023 | 41.76% |
| Mar 31, 2023 | 31.47% |
| Dec 31, 2022 | 49.70% |
| Sep 30, 2022 | 64.11% |
| Jun 30, 2022 | 42.26% |
| Mar 31, 2022 | 31.66% |
| Dec 31, 2021 | 58.80% |
| Sep 30, 2021 | 48.22% |
| Jun 30, 2021 | 48.61% |