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Mastercard Incorporated (MA)
NYSE: MA · Real-Time Price · USD
661.19
+8.59 (1.32%)
At close: Nov 13, 2026, 4:00 PM EST
662.92
+1.73 (0.26%)
After-hours: Nov 13, 2026, 7:57 PM EST

Mastercard Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Net Income
4,6284,3883,8824,0603,9273,7013,2803,3423,2633,2583,0112,7913,1982,8452,3612,5252,4992,2752,6312,379
Depreciation & Amortization
326309299458290281275376225225216346211192191321185189192311
Other Amortization
720690620572533517476502502415411426414404378389385382430376
Loss (Gain) From Sale of Investments
5266104-41-429-406213-6-346-12321212-6011776-111
Stock-Based Compensation
1991901361121771791291081551551088613113510822981017432
Other Operating Activities
-62-16210-141356675-337-131-4835-204-212188-127-195-101-133-315-140
Change in Accounts Receivable
-213-338-110-378-47-99-11887333-15-219-62-216-230-38-453-26-136134-618
Change in Accounts Payable
-291101473140-24880165030-21220-32-103-18428119-54-56174
Change in Income Taxes
----276----328----300----109----139
Change in Other Net Operating Assets
-487-1,562-2,118418649210-1,8461,108677-895-1,863861-267-610-982307857-284-1,384925
Operating Cash Flow
5,0873,7732,9995,0025,6634,6032,3804,8345,1363,1381,6724,1303,2332,6981,9193,1003,8562,4571,7823,189
Operating Cash Flow Growth (YoY)
-10.17%-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%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Capital Expenditures
-222-291-154-112-178-40-159-95-107-115-157-77-104-80-110-130-111-55-146-122
Cash Acquisitions
-1,372-------2,511----------313--239
Sale (Purchase) of Intangibles
-106-187-181-178-181-169-198-155-163-181-221-192-130-153-242-209-166-132-148-106
Investment in Securities
-19-1313-157-1-5148023-9212-12-2861625-14-30-152-16
Other Investing Activities
-5-26-4026-14-1333-911-867-2-1-703-1-10545
Investing Cash Flow
-1,724-517-362-421-374-227-340-2,678-256-294-174-214-522-218-397-350-308-525-287-438

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Long-Term Debt Issued
------1,242-------1,489---843-
Total Debt Issued
-845,680----1,242-2,977983--4611,489-4284-843742
Long-Term Debt Repaid
-------750-------------
Total Debt Repaid
-618------750--336-1,000------724----650
Net Debt Issued (Repaid)
-7025,680----492-2,641-17--4611,489-728284-84392
Issuance of Common Stock
446211642276416148189724411195313940286
Repurchase of Common Stock
-2,964-4,898-4,239-3,566-3,335-2,291-2,826-3,392-2,935-2,643-2,162-1,840-1,908-2,419-2,954-2,418-1,552-2,384-2,540-1,279
Common Dividends Paid
-763-771-777-684-687-691-694-606-611-615-616-534-538-541-545-473-474-477-479-434
Other Financing Activities
--108----100--104-----312-8-6--6-2
Financing Cash Flow
-4,385-35-5,005-4,186-4,000-3,006-2,987-4,041-857-3,257-2,681-2,350-2,404-2,779-1,955-3,614-1,739-2,821-2,154-1,617

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Foreign Exchange Rate Adjustments
-11-10-1168-16220121-27414228-95157-862037284-185-174-28-73
Net Cash Flow
-1,0333,211-2,4844031,2731,590-826-2,1594,165-385-1,2781,723221-279-396-5801,624-1,063-6871,061

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Free Cash Flow
4,8653,4822,8454,8905,4854,5632,2214,7395,0293,0231,5154,0533,1292,6181,8092,9703,7452,4021,6363,067
Free Cash Flow Growth (YoY)
-11.30%-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%
Free Cash Flow Margin
49.61%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%
Free Cash Flow Per Share
5.553.943.195.456.065.022.435.165.443.251.624.323.322.761.893.083.872.471.673.11
Levered Free Cash Flow
5,0714,6531,5095,0085,4253,8511,6304,9974,6482,8661,6434,1103,1061,9321,6983,0923,5362,2761,5352,940
Unlevered Free Cash Flow
5,2274,7891,6245,1085,5413,9731,7445,1124,7472,9621,7364,2023,2012,0221,7813,1713,6112,3471,6043,007

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
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
-729-1,790-2,214-163742-137-1,8848831,060-880-2,103719-515-943-1,20426850-474-1,306342
SEC Filings: 10-K · 10-Q