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Mastercard MA Free cash flow margin

Free cash flow margin at other companies

American Express logo
American ExpressAXP
19.3%
Visa logo
VisaV
49.2%-5.3pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
16.3%-2.4pp
Capital One Financial logo
Capital One FinancialCOF
46.5%-0.1pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
23.6%+0.8pp
Global Payments logo
Global PaymentsGPN
12%-19.4pp

Other financials

Income statement

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Revenue$8.4B+15.8%
Operating income$4.9B+18.3%
Net income$3.9B+18.4%
EPS (diluted)$4.35+21.2%

Balance sheet

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Cash & equivalents$7.9B+4.4%
Total debt$19.0B+0.8%
Total equity$6.7B+0.7%
Total assets$52.4B+8.2%

Cash flow

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Operating cash flow$3.0B+26.0%
CapEx$154.0M-3.1%
Free cash flow$2.8B+28.1%

Valuation

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Market cap$435.6B-10.8%
Enterprise value$446.65B-10.6%
P/E28×-9.2×
P/S12.8×-4.0×

Profitability

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Operating margin57.9%+2.4pp
Net margin45.9%+0.7pp

Returns & leverage

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Return on equity232.6%+43.6pp
Debt / equity2.8×0.0×
Current ratio-0.1×

Where this comes from

Calculated from Mastercard’s reported figures.

Based on trailing twelve months.

The official record: Mastercard’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mastercard's free cash flow margin?
Mastercard (MA) reported free cash flow margin of 52.4% in Q1 2026.
How has Mastercard's free cash flow margin changed year-over-year?
Mastercard's free cash flow margin increased by 1.5% year-over-year, from 51.6% to 52.4%.
What is the long-term trend for Mastercard's free cash flow margin?
Over 4 years (2021 to 2025), Mastercard's free cash flow margin has grown at a 4.2% compound annual growth rate (CAGR), from 180.6% to 212.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.