Mastercard (MA) FCF Margin (2009 - 2026)
Mastercard's (MA) quarterly FCF Margin came in at 37.82% in Q2 2026, down 1669.0% YoY from 2.41% in Q2 2025, and up 12.72% on a QoQ basis from 33.56% in Q1 2026.
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Mastercard (MA) FCF Margin (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of FCF Margin data on file, last reported at 37.82% in Q2 2026.
- Quarterly FCF Margin fell 1669.0% year-over-year to 37.82% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 47.41% (down 638.0% YoY) and the FY2025 annual result came in at 51.61%, up 169.0% from the prior year.
- FCF Margin advanced to 37.82% in Q2 2026, from 33.56% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 67.49% in Q3 2024 to a low of 22.86% in Q1 2024.
- A 5-year average of 46.39% and a median of 44.99% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin surged 1999 bps — and 2026, when it slumped 1669 bps.
- Tracing MA's FCF Margin over 5 years: stood at 49.7% in 2022, then grew by 21 bps to 60.14% in 2023, then climbed by 4 bps to 62.48% in 2024, then retreated by 12 bps to 54.78% in 2025, then tumbled by 31 bps to 37.82% in 2026.
- The last three FCF Margin figures came in at 37.82% (Q2 2026), 33.56% (Q1 2026), and 54.78% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 52.76% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 37.82% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 22.78% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 50.96% |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 20.44% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | -1,112.06% |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 50.23% |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | -327.16% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 59.19% |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 7.73% |
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% |