Mastercard Quarterly Cash Flow Statement
NYSE: MAConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Mastercard free cash flow
In the quarter ended Jun 30, 2026, Mastercard generated $3.77 billion of operating cash flow and spent $291.0 million on capital expenditures. That left free cash flow of $3.48 billion, a free-cash-flow margin of 37.5% of revenue. Free cash flow was down 23.7% from the prior year's $4.56 billion.
Mastercard returned $5.67 billion to shareholders: $771.0 million in dividends and $4.90 billion in share repurchases, equal to 163% of free cash flow. Free cash flow covered dividend payments 4.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Mastercard cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.39B | 3.88B | 4.06B | 3.93B | 3.70B | 3.28B | 3.34B | 3.26B | 3.26B | 3.01B | 2.79B | 3.20B |
| Net Income growth (YoY) | +18.56% | +18.35% | +21.48% | +20.35% | +13.60% | +8.93% | +19.74% | +2.03% | +14.52% | +27.53% | +10.53% | +27.97% |
| Depreciation & Amortization | 309.00M | 299.00M | 297.00M | 290.00M | 281.00M | 275.00M | 231.00M | 225.00M | 225.00M | 216.00M | 205.00M | 211.00M |
| Stock-Based Compensation | 190.00M | 136.00M | 112.00M | 177.00M | 179.00M | 129.00M | 108.00M | 155.00M | 155.00M | 108.00M | 86.00M | 131.00M |
| Change in Working Capital | 412.00M | 142.00M | 940.00M | 1.01B | 333.00M | -796.00M | 1.02B | 1.56B | -43.00M | -670.00M | 723.00M | 587.00M |
| Operating Cash Flow | 3.77B | 3.00B | 5.00B | 5.66B | 4.60B | 2.38B | 4.83B | 5.14B | 3.14B | 1.67B | 4.13B | 3.23B |
| Capital Expenditures | -291.00M | -154.00M | -112.00M | -178.00M | -40.00M | -159.00M | -95.00M | -107.00M | -115.00M | -157.00M | -77.00M | -104.00M |
| Investing Cash Flow | -517.00M | -362.00M | -421.00M | -374.00M | -227.00M | -340.00M | -2.68B | -256.00M | -294.00M | -174.00M | -214.00M | -522.00M |
| Dividends Paid | -771.00M | -777.00M | -684.00M | -687.00M | -691.00M | -694.00M | -606.00M | -611.00M | -615.00M | -616.00M | -534.00M | -538.00M |
| Share Repurchases | -4.90B | -4.04B | -3.56B | -3.33B | -2.29B | -2.55B | -3.39B | -2.93B | -2.64B | -1.99B | -1.83B | -1.91B |
| Debt Issued | 5.60B | 0 | 0 | 0 | 0 | 1.24B | 0 | 2.98B | 983.00M | 0 | 0 | 4.00M |
| Debt Repaid | 0 | 0 | 0 | 0 | 0 | -750.00M | 0 | -336.00M | -1.00B | 0 | 0 | 0 |
| Financing Cash Flow | -35.00M | -5.00B | -4.19B | -4.00B | -3.01B | -2.99B | -4.04B | -857.00M | -3.26B | -2.68B | -2.35B | -2.40B |
| Net Change in Cash | 3.21B | -2.48B | 403.00M | 1.27B | 1.59B | -826.00M | -2.16B | 4.17B | -385.00M | -1.28B | 1.72B | 221.00M |
| Free Cash Flow | 3.48B | 2.85B | 4.89B | 5.49B | 4.56B | 2.22B | 4.74B | 5.03B | 3.02B | 1.51B | 4.05B | 3.13B |
This table shows 12 quarterly periods of Mastercard's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MA's reporting calendar. What is a cash flow statement?