Mastercard (MA) Free Cash Flow (2009 - 2026)
Mastercard's (MA) quarterly Free Cash Flow came in at $3.5 billion in Q2 2026, down 20.86% YoY from $4.4 billion in Q2 2025, and up 24.52% on a QoQ basis from $2.8 billion in Q1 2026.
Mastercard (MA) Free Cash Flow (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of Free Cash Flow data on file, last reported at $3.5 billion in Q2 2026.
- Quarterly Free Cash Flow fell 20.86% year-over-year to $3.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $16.6 billion (up 2.24% YoY) and the FY2025 annual result came in at $16.9 billion, up 20.36% from the prior year.
- Free Cash Flow advanced to $3.5 billion in Q2 2026, from $2.8 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $5.5 billion in Q3 2025 to a low of $1.5 billion in Q1 2024.
- A 5-year average of $3.3 billion and a median of $3.0 billion in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow surged 60.26% — and 2026, when it slipped 20.86%.
- Tracing MA's Free Cash Flow over 5 years: stood at $2.9 billion in 2022, then surged by 36.22% to $3.9 billion in 2023, then grew by 18.82% to $4.7 billion in 2024, then climbed by 3.1% to $4.8 billion in 2025, then slipped by 27.26% to $3.5 billion in 2026.
- The last three Free Cash Flow figures came in at $3.5 billion (Q2 2026), $2.8 billion (Q1 2026), and $4.8 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 6.14 Bn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 3.51 Bn |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 4.47 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 8.08 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 1.78 Bn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 2.42 Bn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | -32.90 Bn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -2.38 Bn |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 1.35 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.51 Bn |
| Jun 30, 2026 | 3.51 Bn |
| Mar 31, 2026 | 2.82 Bn |
| Mar 31, 2026 | 2.82 Bn |
| Dec 31, 2025 | 4.89 Bn |
| Dec 31, 2025 | 4.89 Bn |
| Sep 30, 2025 | 5.49 Bn |
| Sep 30, 2025 | 5.49 Bn |
| Jun 30, 2025 | 4.60 Bn |
| Jun 30, 2025 | 4.60 Bn |
| Mar 31, 2025 | 2.18 Bn |
| Mar 31, 2025 | 2.18 Bn |
| Dec 31, 2024 | 4.68 Bn |
| Dec 31, 2024 | 4.68 Bn |
| Sep 30, 2024 | 4.97 Bn |
| Sep 30, 2024 | 4.97 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Mar 31, 2024 | 1.52 Bn |
| Mar 31, 2024 | 1.52 Bn |