Mastercard (MA) Free Cash Flow (2009 - 2026)

Mastercard (MA) reported Free Cash Flow of $2.8 billion for Q1 2026, up 29.15% on a YoY basis from $2.2 billion in Q1 2025, and down 39.44% quarter-over-quarter from $4.7 billion in Q4 2025.

Mastercard (MA) Free Cash Flow (2009 - 2026) Analysis & Trends

Mastercard has reported Free Cash Flow for 18 years, with the latest figure at $2.8 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 29.15% year-over-year to $2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $17.6 billion (up 18.71% YoY), and the FY2025 full-year result was $16.9 billion, up 20.36% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $2.8 billion, down from $4.7 billion in the prior quarter.
  • The five-year high for Free Cash Flow was $5.7 billion in Q3 2025, with the low at $1.5 billion in Q1 2024.
  • Historically, Free Cash Flow has averaged $3.3 billion across 5 years, with a median of $3.1 billion in 2024.
  • The largest YoY upside for Free Cash Flow was 60.72% in 2024 against a maximum downside of 19.79% in 2024.
  • Mastercard's Free Cash Flow stood at $2.9 billion in 2022, then rose by 28.23% to $3.7 billion in 2023, then gained by 21.2% to $4.5 billion in 2024, then gained by 3.56% to $4.7 billion in 2025, then sank by 39.44% to $2.8 billion in 2026.
  • The last three Free Cash Flow figures came in at $2.8 billion (Q1 2026), $4.7 billion (Q4 2025), and $5.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 2.63 Bn
2 Mastercard 437.55 Bn 427.34 Bn - 2.82 Bn
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 2.66 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 5.47 Bn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 903.00 Mn
6 Synchrony Financial 24.26 Bn 3.70 Bn - 2.18 Bn
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 22.68 Bn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn -2.38 Bn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 1.37 Bn
10 Credit Acceptance 6.24 Bn 6.21 Bn 562.70 Mn 268.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.82 Bn
Mar 31, 2026 2.82 Bn
Dec 31, 2025 4.65 Bn
Dec 31, 2025 4.65 Bn
Sep 30, 2025 5.65 Bn
Sep 30, 2025 5.65 Bn
Jun 30, 2025 4.43 Bn
Jun 30, 2025 4.43 Bn
Mar 31, 2025 2.18 Bn
Mar 31, 2025 2.18 Bn
Dec 31, 2024 4.49 Bn
Dec 31, 2024 4.49 Bn
Sep 30, 2024 5.03 Bn
Sep 30, 2024 5.03 Bn
Jun 30, 2024 3.09 Bn
Jun 30, 2024 3.09 Bn
Mar 31, 2024 1.45 Bn
Mar 31, 2024 1.45 Bn
Dec 31, 2023 3.71 Bn
Dec 31, 2023 3.71 Bn