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% on a YoY basis from $4.4 billion in Q2 2025, and up 24.52% quarter-over-quarter from $2.8 billion in Q1 2026.
Analysis
Mastercard (MA) Free Cash Flow (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported Free Cash Flow for 18 consecutive years, with $3.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 20.86% year-over-year to $3.5 billion; the trailing twelve-month figure through Jun 2026 stood at $16.6 billion (up 2.24% YoY), and the FY2025 full-year result was $16.9 billion, up 20.36% from the prior year.
- Free Cash Flow rose to $3.5 billion in Q2 2026 per MA's latest filing, from $2.8 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $5.5 billion in Q3 2025 and bottomed at $1.5 billion in Q1 2024.
- Historically, Free Cash Flow has averaged $3.3 billion across 5 years, with a median of $3.0 billion in 2023.
- The sharpest annual moves came in 2024 and 2026: Free Cash Flow soared 60.26% in 2024, then dropped 20.86% in 2026.
- Over 5 years, Free Cash Flow stood at $2.9 billion in 2022, then jumped by 36.22% to $3.9 billion in 2023, then rose by 18.82% to $4.7 billion in 2024, then increased by 3.1% to $4.8 billion in 2025, then declined by 27.26% to $3.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $3.5 billion, $2.8 billion, and $4.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 655.38 Bn | 643.02 Bn | - | 6.14 Bn |
| 2 | Mastercard | 492.20 Bn | 478.71 Bn | - | 3.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.51 Bn |
| Mar 31, 2026 | 2.82 Bn |
| Dec 31, 2025 | 4.82 Bn |
| Sep 30, 2025 | 5.48 Bn |
| Jun 30, 2025 | 4.43 Bn |
| Mar 31, 2025 | 2.18 Bn |
| Dec 31, 2024 | 4.68 Bn |
| Sep 30, 2024 | 4.97 Bn |
| Jun 30, 2024 | 2.96 Bn |
| Mar 31, 2024 | 1.45 Bn |
| Dec 31, 2023 | 3.94 Bn |
| Sep 30, 2023 | 3.10 Bn |
| Jun 30, 2023 | 2.55 Bn |
| Mar 31, 2023 | 1.68 Bn |
| Dec 31, 2022 | 2.89 Bn |
| Sep 30, 2022 | 3.69 Bn |
| Jun 30, 2022 | 2.33 Bn |
| Mar 31, 2022 | 1.63 Bn |
| Dec 31, 2021 | 3.08 Bn |
| Sep 30, 2021 | 2.43 Bn |