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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 6.14 Bn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 3.51 Bn |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 4.47 Bn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 8.08 Bn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 1.78 Bn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | -12.97 Bn |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 2.42 Bn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | -3.99 Bn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 1.35 Bn |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 83.04 Mn |
Historic Data
Download Data
Historic 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 | 4.82 Bn |
| Dec 31, 2025 | 4.82 Bn |
| Sep 30, 2025 | 5.48 Bn |
| Sep 30, 2025 | 5.48 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 | 4.68 Bn |
| Dec 31, 2024 | 4.68 Bn |
| Sep 30, 2024 | 4.97 Bn |
| Sep 30, 2024 | 4.97 Bn |
| Jun 30, 2024 | 2.96 Bn |
| Jun 30, 2024 | 2.96 Bn |
| Mar 31, 2024 | 1.45 Bn |
| Mar 31, 2024 | 1.45 Bn |