Mastercard (MA) Other Working Capital Changes (2009 - 2026)
Mastercard (MA) reported Other Working Capital Changes of $1.77 billion for Q2 2026, up 127.4% from $780 million a year earlier but down 13.9% from the prior quarter.
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Analysis
Mastercard (MA) Other Working Capital Changes (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mastercard's Other Working Capital Changes came in at $4.99 billion, up 43.1% year-over-year; for FY2025, it came in at $3.39 billion, up 5.1% from FY2024.
- Other Working Capital Changes has increased for five consecutive years, with a five-year compound annual growth rate of 16.9% (FY2020 to FY2025).
- By year, Other Working Capital Changes came in at $3.23 billion in FY2024 (+32.3%), $2.44 billion in FY2023 (+12.1%), $2.18 billion in FY2022 (+4.2%) and $2.09 billion in FY2021 (+34.5%).
- Five-year quarterly Other Working Capital Changes spans a low of $345 million in Q4 2021 and a high of $2.06 billion in Q1 2026.
- Year over year, Other Working Capital Changes gained in four of the last eight quarters, with growth averaging 29.1%.
- The high point for year-over-year Other Working Capital Changes in five years was Q2 2026 (growth of 127.4%); the low point was Q3 2022 (a decline of 41.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.06 billion (Q1 2026), $449 million (Q4 2025) and $701 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | -86.00 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();