Mastercard (MA) Other Working Capital Changes (2009 - 2026)
Mastercard (MA) posted Other Working Capital Changes of -$692 million for Q2 2026, compared with $410 million a year earlier.
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Analysis
Mastercard (MA) Other Working Capital Changes (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Other Working Capital Changes at Mastercard was -$470 million; for FY2025, it came in at $587 million, up 475.5% from FY2024.
- Annual Other Working Capital Changes shows a five-year compound annual growth rate of 13.2% (FY2020 to FY2025).
- In prior years, Mastercard's Other Working Capital Changes was $102 million in FY2024 (-84.2%), $645 million in FY2023 (+115.7%), $299 million in FY2022 (+17.7%) and $254 million in FY2021 (-19.6%).
- The Q2 2026 figure stands as the lowest quarterly Other Working Capital Changes in data going back to Q1 2009.
- On a year-over-year basis, Other Working Capital Changes increased in three of the last four quarters, with growth averaging 53.1%.
- The strongest year-over-year quarter for Other Working Capital Changes in the past five years was Q1 2022, with growth of 666.7%; the weakest was Q4 2024, with a decline of 91.7%.
- According to Business Quant data, Other Working Capital Changes for the three prior quarters was $468 million (Q1 2026), -$443 million (Q4 2025) and $197 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 691.47 Bn | 691.47 Bn | - |
| 2 | Mastercard | 563.07 Bn | 563.07 Bn | - |
| 3 | Wise | 10.86 Bn | 10.86 Bn | - |
| 4 | Remitly Global | 5.06 Bn | 2.72 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn |
| 6 | International Money Express | 273.40 Mn | -346.75 Mn | - |
| 7 | Currenc | 131.25 Mn | -120.04 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.77 Mn | 689,111.05 | - |
| 9 | American Express | 214.16 Bn | 13.64 Bn | - |
| 10 | Capital One Financial | 126.74 Bn | 126.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -278.00 Mn |
| Jun 30, 2026 | -692.00 Mn |
| Mar 31, 2026 | 468.00 Mn |
| Dec 31, 2025 | -443.00 Mn |
| Sep 30, 2025 | 197.00 Mn |
| Jun 30, 2025 | 410.00 Mn |
| Mar 31, 2025 | 423.00 Mn |
| Dec 31, 2024 | 30.00 Mn |
| Sep 30, 2024 | 80.00 Mn |
| Jun 30, 2024 | -179.00 Mn |
| Mar 31, 2024 | 171.00 Mn |
| Dec 31, 2023 | 361.00 Mn |
| Sep 30, 2023 | -59.00 Mn |
| Jun 30, 2023 | -99.00 Mn |
| Mar 31, 2023 | 442.00 Mn |
| Dec 31, 2022 | 329.00 Mn |
| Sep 30, 2022 | -83.00 Mn |
| Jun 30, 2022 | -85.00 Mn |
| Mar 31, 2022 | 138.00 Mn |
| Dec 31, 2021 | 153.00 Mn |
API Access
Mastercard Other Working Capital Changes 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=other-working-capital-changes&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();