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
DateValue
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%