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Mastercard Incorporated (MA)
NYSE: MA · Real-Time Price · USD
560.52
-7.13 (-1.26%)
Sep 22, 2026, 10:51 AM EDT - Market open

Mastercard Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
4,3883,8824,0603,9273,7013,2803,3423,2633,2583,0112,7913,1982,8452,3612,5252,4992,2752,6312,3792,414
Depreciation & Amortization
309299458290281275376225225216346211192191321185189192311188
Other Amortization
690620572533517476502502415411426414404378389385382430376344
Loss (Gain) From Sale of Investments
266104-41-429-406213-6-346-12321212-6011776-111-197
Stock-Based Compensation
190136112177179129108155155108861311351082298101743289
Other Operating Activities
-16210-141356675-337-131-4835-204-212188-127-195-101-133-315-140-32
Change in Accounts Receivable
-338-110-378-47-99-11887333-15-219-62-216-230-38-453-26-136134-618-
Change in Accounts Payable
1101473140-24880165030-21220-32-103-18428119-54-5617418
Change in Income Taxes
---276----328----300----109----139-
Change in Other Net Operating Assets
-1,562-2,118418649210-1,8461,108677-895-1,863861-267-610-982307857-284-1,384925-281
Operating Cash Flow
3,7732,9995,0025,6634,6032,3804,8345,1363,1381,6724,1303,2332,6981,9193,1003,8562,4571,7823,1892,543
Operating Cash Flow Growth (YoY)
-18.03%26.01%3.48%10.26%46.69%42.34%17.05%58.86%16.31%-12.87%33.23%-16.16%9.81%7.69%-2.79%51.63%8.33%21.80%41.55%53.75%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-291-154-112-178-40-159-95-107-115-157-77-104-80-110-130-111-55-146-122-139
Cash Acquisitions
-------2,511----------313--2393
Sale (Purchase) of Intangibles
-187-181-178-181-169-198-155-163-181-221-192-130-153-242-209-166-132-148-106-110
Investment in Securities
-1313-157-1-5148023-9212-12-2861625-14-30-152-16117
Other Investing Activities
-26-4026-14-1333-911-867-2-1-703-1-10545-3
Investing Cash Flow
-517-362-421-374-227-340-2,678-256-294-174-214-522-218-397-350-308-525-287-438-132

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
-----1,242-------1,489---843--
Total Debt Issued
5,680----1,242-2,977983--4611,489-4284-843742-
Long-Term Debt Repaid
------750--------------
Total Debt Repaid
------750--336-1,000------724----650-
Net Debt Issued (Repaid)
5,680----492-2,641-17--4611,489-728284-84392-
Issuance of Common Stock
621164227641614818972441119531394028611
Repurchase of Common Stock
-4,898-4,239-3,566-3,335-2,291-2,826-3,392-2,935-2,643-2,162-1,840-1,908-2,419-2,954-2,418-1,552-2,384-2,540-1,279-1,566
Common Dividends Paid
-771-777-684-687-691-694-606-611-615-616-534-538-541-545-473-474-477-479-434-434
Other Financing Activities
-108----100--104-----312-8-6--6-2-148
Financing Cash Flow
-35-5,005-4,186-4,000-3,006-2,987-4,041-857-3,257-2,681-2,350-2,404-2,779-1,955-3,614-1,739-2,821-2,154-1,617-2,137

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
-10-1168-16220121-27414228-95157-862037284-185-174-28-73-56
Net Cash Flow
3,211-2,4844031,2731,590-826-2,1594,165-385-1,2781,723221-279-396-5801,624-1,063-6871,061218

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
3,4822,8454,8905,4854,5632,2214,7395,0293,0231,5154,0533,1292,6181,8092,9703,7452,4021,6363,0672,404
Free Cash Flow Growth (YoY)
-23.69%28.09%3.19%9.07%50.94%46.60%16.93%60.72%15.47%-16.25%36.46%-16.45%8.99%10.57%-3.16%55.78%9.83%17.02%39.79%52.63%
Free Cash Flow Margin
37.53%33.88%55.53%63.76%56.11%30.63%63.28%68.25%43.43%23.87%61.90%47.89%41.76%31.47%51.06%65.06%43.70%31.66%58.80%48.23%
Free Cash Flow Per Share
3.943.195.456.065.022.435.165.443.251.624.323.322.761.893.083.872.471.673.112.43
Levered Free Cash Flow
4,6531,5095,0085,4253,8511,6304,9974,6482,8661,6434,1103,1061,9321,6983,0923,5362,2761,5352,9402,097
Unlevered Free Cash Flow
4,7891,6245,1085,5413,9731,7445,1124,7472,9621,7364,2023,2012,0221,7813,1713,6112,3471,6043,0072,165

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
--680---571---477---414---399-
Cash Income Tax Paid
--3,020---3,252---2,746---2,506---1,820-
Change in Working Capital
-1,790-2,214-163742-137-1,8848831,060-880-2,103719-515-943-1,20426850-474-1,306342-263
SEC Filings: 10-K · 10-Q