Mastercard Incorporated (MA) quarterly cash flow statement — complete operating, investing & financing history
Mastercard Incorporated (MA) cash flow statement — 25-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 3.77B | 3B | 4.93B | 5.66B | 4.6B | 2.38B | 4.83B | 5.14B | 3.14B | 1.67B | 4.13B | 3.23B | 2.7B | 1.92B | 3.1B | 3.86B | 2.46B | 1.78B | 3.19B | 2.54B |
| Operating CF Growth % | -18.03% | 26.01% | 2.09% | 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% | 21.8% | 41.54% | 53.75% |
| Net Income | 4.39B | 3.88B | 4.06B | 3.93B | 3.7B | 3.28B | 3.34B | 3.26B | 3.26B | 3.01B | 2.79B | 3.2B | 2.85B | 2.36B | 2.52B | 2.5B | 2.27B | 2.63B | 2.38B | 2.41B |
| Depreciation & Amortization | 309M | 299M | 297M | 290M | 281M | 275M | 231M | 225M | 225M | 216M | 205M | 211M | 192M | 191M | 184M | 185M | 189M | 192M | 189M | 188M |
| Deferred Taxes | -83M | 193M | -20M | -4M | 44M | 37M | -266M | -168M | -96M | 3M | 3M | -263M | 153M | -129M | -62M | -123M | -146M | -320M | -20M | -34M |
| Other Non-Cash Items | -2.69B | -66M | 828M | 531M | 535M | 543M | 536M | 601M | 476M | 437M | 1.22B | -87M | -254M | -609M | 405M | 347M | 512M | 511M | 267M | 149M |
| Working Capital Changes | 1.66B | -1.45B | -230M | 742M | -137M | -1.88B | 883M | 1.06B | -880M | -2.1B | -173M | 43M | -373M | -3M | 26M | 850M | -474M | -1.31B | 342M | -263M |
| Cash from Investing | -517M | -362M | -421M | -374M | -227M | -340M | -2.68B | -256M | -294M | -174M | -214M | -522M | -218M | -397M | -350M | -308M | -525M | -287M | -438M | -132M |
| Purchase of Investments | -66M | -68M | -455M | -144M | -142M | -127M | -118M | -222M | -157M | -161M | -104M | -391M | -143M | -98M | -166M | -122M | -187M | -119M | -234M | -156M |
| Sale/Maturity of Investments | 53M | 81M | 298M | 124M | 126M | 125M | 203M | 235M | 153M | 373M | 92M | 105M | 159M | 123M | 152M | 92M | 172M | 121M | 218M | 273M |
| Net Investment Activity | -13M | 13M | -157M | -20M | -16M | -2M | 85M | 13M | -4M | 212M | -12M | -286M | 16M | 25M | -14M | -30M | -15M | 2M | -16M | 117M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 286M | -16M | -25M | -4M | 0 | -313M | 0 | -239M | 3M |
| Other Investing | -26M | -40M | 26M | -176M | -171M | -179M | -2.67B | -162M | -175M | -229M | -137M | -418M | -138M | -287M | 7M | -1M | -10M | 5M | 45M | -3M |
| Cash from Financing | -35M | -5B | -4.19B | -4B | -3.01B | -2.99B | -4.04B | -857M | -3.26B | -2.68B | -2.35B | -2.4B | -2.78B | -1.96B | -3.61B | -1.74B | -2.82B | -2.15B | -1.62B | -2.14B |
| Dividends Paid | -771M | -777M | -684M | -687M | -691M | -694M | -606M | -611M | -615M | -616M | -534M | -538M | -541M | -545M | -473M | -474M | -477M | -479M | -434M | -434M |
| Share Repurchases | -4.9B | -4.04B | -3.56B | 4.84B | -2.29B | -2.55B | -3.47B | -2.93B | -2.64B | -1.99B | -1.83B | -1.91B | -2.42B | -2.88B | -2.41B | -1.55B | -2.38B | -2.41B | -1.28B | -1.56B |
| Stock Issued | 62M | 11M | 64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -4.84B | -4.02B | -3.49B | 4.84B | -2.29B | -2.55B | -3.47B | -2.93B | -2.64B | -1.99B | -1.83B | -1.91B | -2.42B | -2.88B | -2.41B | -1.55B | -2.38B | -2.41B | -1.28B | -1.56B |
| Debt Issuance (Net) | 1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | -1000K | 0 | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | 0 | 1000K | 1000K | 0 |
| Other Financing | -108M | -204M | -8M | -8.15B | -26M | -236M | 38M | 47M | 14M | -73M | 24M | 36M | 117M | 55M | -736M | 3M | 36M | 22M | -649M | -137M |
| Net Change in Cash | 3.21B | -2.48B | 336M | 1.27B | 1.59B | -826M | -2.16B | 4.17B | -385M | -1.28B | 1.72B | 221M | -279M | -396M | -580M | 1.62B | -1.06B | -687M | 1.06B | 218M |
| Exchange Rate Effect | -10M | -116M | 8M | -16M | 220M | 121M | -274M | 142M | 28M | -95M | 157M | -86M | 20M | 37M | 284M | -185M | -174M | -28M | -73M | -56M |
| Cash at Beginning | 10.76B | 13.25B | 10.79B | 11.57B | 9.98B | 10.81B | 12.97B | 8.8B | 9.19B | 10.46B | 8.74B | 8.52B | 8.8B | 9.2B | 9.78B | 8.15B | 9.21B | 9.9B | 8.84B | 8.62B |
| Cash at End | 13.97B | 10.76B | 11.13B | 12.85B | 11.57B | 9.98B | 10.81B | 12.97B | 8.8B | 9.19B | 10.46B | 8.74B | 8.52B | 8.8B | 9.2B | 9.78B | 8.15B | 9.21B | 9.9B | 8.84B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 3.29B | 2.85B | 4.82B | 5.49B | 4.56B | 2.22B | 4.58B | 4.87B | 2.84B | 1.29B | 4.05B | 3.13B | 2.62B | 1.81B | 2.76B | 3.58B | 2.27B | 1.49B | 2.96B | 2.29B |
| FCF Growth % | -27.79% | 28.1% | 5.21% | 12.72% | 60.56% | 71.64% | 13.1% | 55.51% | 8.56% | -28.47% | 46.79% | -12.57% | 15.33% | 21.57% | -6.75% | 56.02% | 9.4% | 12.81% | 40.87% | 54.06% |