Mastercard Incorporated (MA)
NYSE: MA · Real-Time Price · USD
569.66
-1.44 (-0.25%)
Aug 5, 2026, 12:29 PM EDT - Market open
Mastercard Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 4,388 | 3,882 | 4,060 | 3,927 | 3,701 | 3,280 | 3,342 | 3,263 | 3,258 | 3,011 | 2,791 | 3,198 | 2,845 | 2,361 | 2,525 | 2,499 | 2,275 | 2,631 | 2,379 | 2,414 |
Depreciation & Amortization | 309 | 299 | 297 | 290 | 281 | 275 | 231 | 225 | 225 | 216 | 205 | 211 | 192 | 191 | 184 | 185 | 189 | 192 | 189 | 188 |
Stock-Based Compensation | 190 | 136 | 112 | 177 | 179 | 129 | 108 | 155 | 155 | 108 | 86 | 131 | 135 | 108 | 22 | 98 | 101 | 74 | 32 | 89 |
Other Adjustments | 676 | 896 | 696 | 527 | 579 | 580 | 270 | 433 | 380 | 440 | 329 | 208 | 469 | 463 | 343 | 224 | 366 | 191 | 247 | 115 |
Change in Receivables | -338 | -110 | -378 | -47 | -99 | -118 | 87 | 333 | -15 | -219 | -62 | -216 | -230 | -38 | -155 | -69 | -391 | 134 | -163 | -76 |
Changes in Accounts Payable | 110 | 14 | 73 | 140 | -248 | 80 | 16 | 52 | 30 | -21 | 220 | -32 | -103 | -184 | 281 | 19 | -54 | -56 | 174 | 18 |
Changes in Accrued Expenses | 706 | -422 | 1,040 | 776 | 543 | -665 | 1,180 | 1,224 | -39 | -573 | 774 | -589 | -230 | -497 | 541 | 1,084 | 592 | -789 | 666 | 598 |
Changes in Other Operating Activities | -2,268 | -1,696 | -622 | -127 | -333 | -1,181 | -72 | -547 | -856 | -1,290 | 87 | 322 | -380 | -485 | -532 | -184 | -621 | -595 | -196 | -803 |
Operating Cash Flow | 3,773 | 2,999 | 5,002 | 5,663 | 4,603 | 2,380 | 4,834 | 5,136 | 3,138 | 1,672 | 4,130 | 3,233 | 2,698 | 1,919 | 3,100 | 3,856 | 2,457 | 1,782 | 3,189 | 2,543 |
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% |
Capital Expenditures | -291 | -154 | -112 | -178 | -40 | -159 | -95 | -107 | -115 | -157 | -77 | -104 | -80 | -110 | -130 | -111 | -55 | -146 | -122 | -139 |
Purchases of Intangible Assets | -187 | -181 | -178 | -181 | -169 | -198 | -155 | -163 | -181 | -221 | -192 | -130 | -153 | -242 | -209 | -166 | -132 | -148 | -106 | -110 |
Purchases of Investments | -66 | -68 | -116 | -144 | -142 | -127 | -104 | -212 | -139 | -161 | -104 | -391 | -143 | -98 | -166 | -122 | -187 | -119 | -174 | -156 |
Proceeds from Sale of Investments | 53 | 81 | 117 | 143 | 137 | 141 | 101 | 235 | 130 | 373 | 92 | 105 | 159 | 123 | 152 | 91 | 172 | 121 | 158 | 291 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | -239 | 3 |
Other Investing Activities | -26 | -40 | 26 | -14 | -13 | 3 | 3 | -9 | -2 | -8 | 67 | -2 | -1 | -70 | 3 | -1 | -10 | 5 | 45 | -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 |
Long-Term Debt Issued | 5,596 | - | 0 | 0 | 0 | 1,242 | 0 | 2,977 | 983 | - | 0 | 4 | 61 | 1,489 | -4 | 284 | 0 | 843 | 742 | 0 |
Long-Term Debt Repaid | - | - | 0 | 0 | 0 | -750 | 0 | -336 | -1,000 | - | - | - | - | - | - | - | - | - | - | - |
Net Long-Term Debt Issued (Repaid) | 5,596 | - | 0 | 0 | 0 | 492 | 0 | 2,641 | -17 | - | 0 | 4 | 61 | 1,489 | -4 | 284 | 0 | 843 | 742 | 0 |
Issuance of Common Stock | 62 | 11 | 64 | 22 | 76 | 41 | 61 | 48 | 18 | 97 | 24 | 41 | 119 | 53 | 13 | 9 | 40 | 28 | 6 | 11 |
Repurchase of Common Stock | -4,898 | -4,035 | -3,558 | -3,331 | -2,289 | -2,549 | -3,389 | -2,934 | -2,639 | -1,992 | -1,832 | -1,906 | -2,416 | -2,878 | -2,414 | -1,551 | -2,380 | -2,408 | -1,276 | -1,561 |
Net Common Stock Issued (Repurchased) | -4,836 | -4,024 | -3,494 | -3,309 | -2,213 | -2,508 | -3,328 | -2,886 | -2,621 | -1,895 | -1,808 | -1,865 | -2,297 | -2,825 | -2,401 | -1,542 | -2,340 | -2,380 | -1,270 | -1,550 |
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 | 0 | -204 | -8 | -4 | -2 | -277 | -14.5 | -12.5 | -4 | -170 | -9.5 | -3.5 | -2 | -74 | -8 | -7 | -4 | -138 | 128 | -20 |
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 |
Foreign Exchange Rate Adjustments | -10 | -116 | 8 | -16 | 220 | 121 | -274 | 142 | 28 | -95 | 157 | -86 | 20 | 37 | 284 | -185 | -174 | -28 | -73 | -56 |
Net Cash Flow | 3,211 | -2,484 | 403 | 1,273 | 1,590 | -826 | -2,159 | 4,165 | -385 | -1,278 | 1,723 | 221 | -279 | -396 | -580 | 1,624 | -1,063 | -687 | 1,061 | 218 |
Free Cash Flow | 3,482 | 2,845 | 4,890 | 5,485 | 4,563 | 2,221 | 4,739 | 5,029 | 3,023 | 1,515 | 4,053 | 3,129 | 2,618 | 1,809 | 2,970 | 3,745 | 2,402 | 1,636 | 3,067 | 2,404 |
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% |
FCF Margin | 37.53% | 33.88% | 55.53% | 63.76% | 56.10% | 30.63% | 63.28% | 68.25% | 43.43% | 23.87% | 61.90% | 47.90% | 41.76% | 31.47% | 51.06% | 65.06% | 43.70% | 31.66% | 58.80% | 48.22% |
Free Cash Flow Per Share | 3.94 | 3.19 | 5.45 | 6.06 | 5.02 | 2.43 | 5.16 | 5.44 | 3.25 | 1.62 | 4.32 | 3.32 | 2.76 | 1.89 | 3.08 | 3.87 | 2.47 | 1.67 | 3.11 | 2.43 |
Levered Free Cash Flow | 8,550 | 1,923 | 4,736 | 4,828 | 3,904 | 2,122 | 4,602 | 6,751 | 2,486 | 1,186 | 4,000 | 3,010 | 2,305 | 2,765 | 2,865 | 3,776 | 2,326 | 2,080 | 3,832 | 2,276 |
Unlevered Free Cash Flow | 3,035 | 2,000 | 4,764 | 4,877 | 3,987 | 1,726 | 4,642 | 4,226 | 2,583 | 1,225 | 4,043 | 3,077 | 2,207 | 1,510 | 2,947 | 3,525 | 2,505 | 1,405 | 3,093 | 2,191 |