Mastercard (MA) Free Cash Flow (2009 - 2026)
Mastercard (MA) reported Free Cash Flow of $3.48 billion for Q2 2026, down 23.7% from $4.56 billion a year earlier but up 22.4% from the prior quarter.
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Analysis
Mastercard (MA) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mastercard's Free Cash Flow came in at $16.7 billion, up 0.9% year-over-year; for FY2025, it came in at $17.16 billion, up 19.9% from FY2024.
- Free Cash Flow has increased for five consecutive years, with a five-year compound annual growth rate of 20.0% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $14.31 billion in FY2024 (+23.2%), $11.61 billion in FY2023 (+8.0%), $10.75 billion in FY2022 (+18.7%) and $9.06 billion in FY2021 (+31.5%).
- Five-year quarterly Free Cash Flow spans a low of $1.52 billion in Q1 2024 and a high of $5.49 billion in Q3 2025.
- Year over year, Free Cash Flow gained in seven of the last eight quarters, with growth averaging 24.0%.
- The high point for year-over-year Free Cash Flow in five years was Q3 2024 (growth of 60.7%); the low point was Q2 2026 (a decline of 23.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.85 billion (Q1 2026), $4.89 billion (Q4 2025) and $5.49 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 6.14 Bn |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 3.48 Bn |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | 7.57 Bn |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 133.44 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 94.60 Mn |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 107.23 Mn |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 20.27 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 4.47 Bn |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 8.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 Bn |
| Mar 31, 2026 | 2.85 Bn |
| Dec 31, 2025 | 4.89 Bn |
| Sep 30, 2025 | 5.49 Bn |
| Jun 30, 2025 | 4.56 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 4.74 Bn |
| Sep 30, 2024 | 5.03 Bn |
| Jun 30, 2024 | 3.02 Bn |
| Mar 31, 2024 | 1.52 Bn |
| Dec 31, 2023 | 4.05 Bn |
| Sep 30, 2023 | 3.13 Bn |
| Jun 30, 2023 | 2.62 Bn |
| Mar 31, 2023 | 1.81 Bn |
| Dec 31, 2022 | 2.97 Bn |
| Sep 30, 2022 | 3.75 Bn |
| Jun 30, 2022 | 2.40 Bn |
| Mar 31, 2022 | 1.64 Bn |
| Dec 31, 2021 | 3.07 Bn |
| Sep 30, 2021 | 2.40 Bn |
API Access
Mastercard Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();