Mastercard (MA) FCF Margin (2009 - 2026)
Mastercard (MA) reported FCF Margin of 33.56% for Q1 2026, up 346.0% on a YoY basis from 7.52% in Q1 2025, and down 36.49% quarter-over-quarter from 52.84% in Q4 2025.
Mastercard (MA) FCF Margin (2009 - 2026) Analysis & Trends
Mastercard has reported FCF Margin for 18 years, with the latest figure at 33.56% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 346.0% year-over-year to 33.56%; the trailing twelve-month figure through Mar 2026 stood at 51.73% (up 85.0% YoY), and the FY2025 full-year result was 51.61%, up 169.0% from the prior year.
- FCF Margin for Q1 2026 stood at 33.56%, down from 52.84% in the prior quarter.
- The five-year high for FCF Margin was 68.25% in Q3 2024, with the low at 22.86% in Q1 2024.
- Historically, FCF Margin has averaged 46.92% across 5 years, with a median of 47.9% in 2023.
- Annual changes were most pronounced in 2023 — FCF Margin slumped 1621 bps — and 2024, when it soared 2035 bps.
- Mastercard's FCF Margin stood at 49.7% in 2022, then gained by 14 bps to 56.61% in 2023, then rose by 6 bps to 59.99% in 2024, then declined by 12 bps to 52.84% in 2025, then plunged by 36 bps to 33.56% in 2026.
- The last three FCF Margin figures came in at 33.56% (Q1 2026), 52.84% (Q4 2025), and 65.72% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 23.37% |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 33.56% |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 14.04% |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 35.91% |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 10.81% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 45.78% |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 6,779.64% |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | -216.52% |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 65.22% |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | 46.37% |
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% |