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

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

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

Mastercard (MA) has reported Free Cash Flow for 18 consecutive years, with $2.8 billion the latest figure, recorded in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $2.8 billion, up 29.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $17.6 billion (up 18.71% YoY), and the FY2025 annual result was $16.9 billion, up 20.36% from the prior year.
  • Free Cash Flow was $2.8 billion for Q1 2026 at Mastercard, down from $4.7 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $5.7 billion in Q3 2025 and troughed at $1.5 billion in Q1 2024.
  • Average Free Cash Flow over 5 years is $3.3 billion, with a median of $3.1 billion recorded in 2024.
  • The widest YoY moves for Free Cash Flow: up 60.72% in 2024, down 19.79% in 2024.
  • Over 5 years, Free Cash Flow stood at $2.9 billion in 2022, then climbed by 28.23% to $3.7 billion in 2023, then grew by 21.2% to $4.5 billion in 2024, then grew by 3.56% to $4.7 billion in 2025, then plunged by 39.44% to $2.8 billion in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $2.8 billion in Q1 2026, $4.7 billion in Q4 2025, and $5.7 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 2.63 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 2.82 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 2.66 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 903.00 Mn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 22.68 Bn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn -2.38 Bn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.37 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 268.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 66.48 Mn
10 Sezzle 5.91 Bn 5.79 Bn - 88.63 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