Mastercard (MA) FCF Margin (2009 - 2026)
Mastercard (MA) reported FCF Margin of 37.53% for Q2 2026, down 18.57 percentage points from 56.10% a year earlier but up 3.66 percentage points from the prior quarter.
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Analysis
Mastercard (MA) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mastercard's FCF Margin came in at 47.61%, down 7.13 percentage points year-over-year; for FY2025, it came in at 52.33%, up 1.54 percentage points from FY2024.
- FCF Margin has a five-year change of +7.33 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 50.79% in FY2024 (+4.54 pp), 46.25% in FY2023 (-2.10 pp), 48.36% in FY2022 (+0.40 pp) and 47.96% in FY2021 (+2.96 pp).
- Five-year quarterly FCF Margin spans a low of 23.87% in Q1 2024 and a high of 68.25% in Q3 2024.
- Year over year, FCF Margin gained in five of the last eight quarters, with an average year-over-year change of +1.70 percentage points.
- The high point for year-over-year FCF Margin in five years was Q3 2024 (a gain of 20.35 percentage points); the low point was Q2 2026 (a drop of 18.57 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 33.88% (Q1 2026), 55.53% (Q4 2025) and 63.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 52.76% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 37.53% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 26.95% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 9.34% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 81.75% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 234.30% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 22.78% |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 50.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.53% |
| Mar 31, 2026 | 33.88% |
| Dec 31, 2025 | 55.53% |
| Sep 30, 2025 | 63.76% |
| Jun 30, 2025 | 56.10% |
| Mar 31, 2025 | 30.63% |
| Dec 31, 2024 | 63.28% |
| Sep 30, 2024 | 68.25% |
| Jun 30, 2024 | 43.43% |
| Mar 31, 2024 | 23.87% |
| Dec 31, 2023 | 61.90% |
| Sep 30, 2023 | 47.90% |
| Jun 30, 2023 | 41.76% |
| Mar 31, 2023 | 31.47% |
| Dec 31, 2022 | 51.06% |
| Sep 30, 2022 | 65.06% |
| Jun 30, 2022 | 43.70% |
| Mar 31, 2022 | 31.66% |
| Dec 31, 2021 | 58.80% |
| Sep 30, 2021 | 48.22% |
API Access
Mastercard FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();