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Mastercard

NYSE: MA · USD

Mastercard cash flow and EPS100

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$5,960M
Mastercard capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q240.23% · $13.028MUnavailableUnavailable59.77% · $19.359MUnavailable100% · $32.387M
FY 2009 Q338.47% · $12.291M0% · $0M0% · $0M61.53% · $19.66MUnavailable100% · $31.951M
FY 2009 Q449.46% · $19.244M0% · $0M0% · $0M50.54% · $19.666MUnavailable100% · $38.91M
FY 2010 Q113.04% · $3MUnavailableUnavailable86.96% · $20MUnavailable100% · $23M
FY 2010 Q253.66% · $22MUnavailableUnavailable46.34% · $19MUnavailable100% · $41M
FY 2010 Q337.5% · $12MUnavailableUnavailable62.5% · $20MUnavailable100% · $32M
FY 2010 Q44.43% · $24M91.88% · $498M0% · $0M3.69% · $20MUnavailable100% · $542M
FY 2011 Q11.46% · $10MUnavailable95.61% · $654M2.92% · $20MUnavailable100% · $684M
FY 2011 Q25.8% · $25MUnavailable89.79% · $387M4.41% · $19MUnavailable100% · $431M
FY 2011 Q314.29% · $16M0% · $0M68.75% · $77M16.96% · $19MUnavailable100% · $112M
FY 2011 Q434.67% · $26M0% · $0M40% · $30M25.33% · $19MUnavailable100% · $75M
FY 2012 Q14.3% · $12MUnavailable88.89% · $248M6.81% · $19MUnavailable100% · $279M
FY 2012 Q23.8% · $28MUnavailable91.04% · $671M5.16% · $38MUnavailable100% · $737M
FY 2012 Q37.98% · $28M19.94% · $70M61.54% · $216M10.54% · $37MUnavailable100% · $351M
FY 2012 Q44.12% · $28M0% · $0M90.28% · $613M5.6% · $38MUnavailable100% · $679M
FY 2013 Q12.43% · $20M0% · $0M93.07% · $766M4.5% · $37MUnavailable100% · $823M
FY 2013 Q24.11% · $28M0% · $0M85.19% · $581M10.7% · $73MUnavailable100% · $682M
FY 2013 Q33.92% · $17M0% · $0M79.49% · $345M16.59% · $72MUnavailable100% · $434M
FY 2013 Q49.85% · $90M0% · $0M82.17% · $751M7.99% · $73MUnavailable100% · $914M
FY 2014 Q11.27% · $25M7.41% · $146M84.68% · $1,669M6.65% · $131MUnavailable100% · $1,971M
FY 2014 Q20.94% · $14M13.03% · $195M77.41% · $1,158M8.62% · $129MUnavailable100% · $1,496M
FY 2014 Q39.83% · $58MUnavailable68.47% · $404M21.69% · $128MUnavailable100% · $590M
FY 2014 Q414.21% · $78M34.43% · $189M28.23% · $155M23.13% · $127MUnavailable100% · $549M
FY 2015 Q12.64% · $31M1.02% · $12M80.66% · $947M15.67% · $184MUnavailable100% · $1,174M
FY 2015 Q21.54% · $25M35.14% · $572M52.09% · $848M11.24% · $183MUnavailable100% · $1,628M
FY 2015 Q35.85% · $69M0% · $0M78.81% · $930M15.34% · $181MUnavailable100% · $1,180M
FY 2018 Q35.51% · $83M0% · $0M77.24% · $1,164M17.25% · $260M0% · $0M100% · $1,507M
FY 2018 Q46.14% · $75M0% · $0M72.67% · $888M21.19% · $259M0% · $0M100% · $1,222M
FY 2019 Q13.69% · $83MUnavailable81.17% · $1,824M15.13% · $340MUnavailable100% · $2,247M
FY 2019 Q23.88% · $91MUnavailable81.75% · $1,917M14.37% · $337MUnavailable100% · $2,345M
FY 2019 Q34.93% · $132M16.7% · $447M65.84% · $1,762M12.52% · $335M0% · $0M100% · $2,676M
FY 2019 Q46.77% · $116M15.76% · $270M58.03% · $994M19.44% · $333M0% · $0M100% · $1,713M
FY 2020 Q16.83% · $131M0% · $0M72.14% · $1,383M21.02% · $403MUnavailable100% · $1,917M
FY 2020 Q210.7% · $70M27.98% · $183M0% · $0M61.31% · $401MUnavailable100% · $654M
FY 2020 Q33.11% · $79M0% · $0M81.07% · $2,060M15.82% · $402M0% · $0M100% · $2,541M
FY 2020 Q42.57% · $59M35.14% · $806M44.9% · $1,030M17.39% · $399M0% · $0M100% · $2,294M
FY 2021 Q11.24% · $65M64.4% · $3,364M25.96% · $1,356M8.4% · $439MUnavailable100% · $5,224M
FY 2021 Q22.65% · $81M27.3% · $836M55.88% · $1,711M14.17% · $434MUnavailable100% · $3,062M
FY 2021 Q36.51% · $139MUnavailable73.15% · $1,561M20.34% · $434MUnavailable100% · $2,134M
FY 2021 Q45.89% · $122M11.54% · $239M61.61% · $1,276M20.96% · $434MUnavailable100% · $2,071M
FY 2022 Q14.81% · $146M0% · $0M79.39% · $2,408M15.79% · $479MUnavailable100% · $3,033M
FY 2022 Q21.71% · $55M9.71% · $313M73.8% · $2,380M14.79% · $477MUnavailable100% · $3,225M
FY 2022 Q35.2% · $111M0% · $0M72.61% · $1,551M22.19% · $474MUnavailable100% · $2,136M
FY 2022 Q44.31% · $130M0% · $0M80.01% · $2,414M15.68% · $473MUnavailable100% · $3,017M
FY 2023 Q13.11% · $110MUnavailable81.46% · $2,878M15.43% · $545MUnavailable100% · $3,533M
FY 2023 Q22.63% · $80MUnavailable79.55% · $2,416M17.81% · $541MUnavailable100% · $3,037M
FY 2023 Q34.08% · $104M0% · $0M74.8% · $1,906M21.11% · $538M0% · $0M100% · $2,548M
FY 2023 Q43.15% · $77M0% · $0M74.99% · $1,832M21.86% · $534M0% · $0M100% · $2,443M
FY 2024 Q15.68% · $157MUnavailable72.04% · $1,992M22.28% · $616M0% · $0M100% · $2,765M
FY 2024 Q22.63% · $115MUnavailable60.4% · $2,639M14.08% · $615M22.89% · $1,000M100% · $4,369M
FY 2024 Q32.68% · $107MUnavailable73.57% · $2,934M15.32% · $611M8.43% · $336M100% · $3,988M
FY 2024 Q42.28% · $95MUnavailable83.19% · $3,470M14.53% · $606M0% · $0M100% · $4,171M
FY 2025 Q13.83% · $159MUnavailable61.39% · $2,549M16.71% · $694M18.06% · $750M100% · $4,152M
FY 2025 Q21.32% · $40MUnavailable75.79% · $2,289M22.88% · $691M0% · $0M100% · $3,020M
FY 2025 Q34.24% · $178MUnavailable79.39% · $3,331M16.37% · $687M0% · $0M100% · $4,196M
FY 2025 Q42.57% · $112MUnavailable81.72% · $3,558M15.71% · $684M0% · $0M100% · $4,354M
FY 2026 Q13.1% · $154MUnavailable81.25% · $4,035M15.65% · $777M0% · $0M100% · $4,966M
FY 2026 Q24.88% · $291MUnavailable82.18% · $4,898M12.94% · $771M0% · $0M100% · $5,960M
Jun 30, 2009 through Jun 30, 2026

Latest period omits acquisitions. Percentages cover tracked uses. SBC is noncash and excluded.

Operating cash flow

USD millions

$3,773M

Capital expenditures

USD millions

$291M

Free cash flow

USD millions

$3,482M

Stock-based compensation

USD millions

$190M

SBC / free cash flow

% · FCF before SBC deduction

5.46%

SBC / operating cash flow

%

5.04%

Software & intangible investment

USD millions

$187M

Diluted EPS

USD per share

$4.97

Quarterly data

Mastercard cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 30, 20263,7732913,4821905.46%5.04%187$4.97
FY 2026 Q1Mar 31, 20262,9991542,8451364.78%4.53%181$4.35
FY 2025 Q4Dec 31, 20255,0021124,8901122.29%2.24%178—
FY 2025 Q3Sep 30, 20255,6631785,4851773.23%3.13%181$4.34
FY 2025 Q2Jun 30, 20254,603404,5631793.92%3.89%169$4.07
FY 2025 Q1Mar 31, 20252,3801592,2211295.81%5.42%198$3.59
FY 2024 Q4Dec 31, 20244,834954,7391082.28%2.23%155—
FY 2024 Q3Sep 30, 20245,1361075,0291553.08%3.02%163$3.53
FY 2024 Q2Jun 30, 20243,1381153,0231555.13%4.94%181$3.5
FY 2024 Q1Mar 31, 20241,6721571,5151087.13%6.46%221$3.22
FY 2023 Q4Dec 31, 20234,130774,053862.12%2.08%192—
FY 2023 Q3Sep 30, 20233,2331043,1291314.19%4.05%130$3.39
FY 2023 Q2Jun 30, 20232,698802,6181355.16%5%153$3
FY 2023 Q1Mar 31, 20231,9191101,8091085.97%5.63%242$2.47
FY 2022 Q4Dec 31, 20223,1001302,970220.74%0.71%209—
FY 2022 Q3Sep 30, 20223,8561113,745982.62%2.54%166$2.58
FY 2022 Q2Jun 30, 20222,457552,4021014.2%4.11%132$2.34
FY 2022 Q1Mar 31, 20221,7821461,636744.52%4.15%148$2.68
FY 2021 Q4Dec 31, 20213,1891223,067321.04%1%106—
FY 2021 Q3Sep 30, 20212,5431392,404893.7%3.5%110$2.44
FY 2021 Q2Jun 30, 20212,268812,187873.98%3.84%112$2.08
FY 2021 Q1Mar 31, 20211,463651,398654.65%4.44%79$1.83
FY 2020 Q4Dec 31, 20202,253592,194522.37%2.31%92—
FY 2020 Q3Sep 30, 20201,654791,575754.76%4.53%86$1.51
FY 2020 Q2Jun 30, 20201,458701,388755.4%5.14%113$1.41
FY 2020 Q1Mar 31, 20201,8591311,728523.01%2.8%78$1.68
FY 2019 Q4Dec 31, 20192,9801162,864431.5%1.44%69$2.07
FY 2019 Q3Sep 30, 20192,3551322,223773.46%3.27%87$2.07
FY 2019 Q2Jun 30, 20191,536911,445735.05%4.75%91$2
FY 2019 Q1Mar 31, 20191,312831,229574.64%4.34%59$1.8
FY 2018 Q4Dec 31, 20181,332751,257433.42%3.23%48$0.87
FY 2018 Q3Sep 30, 20182,367832,284552.41%2.32%47$1.82
FY 2015 Q3Sep 30, 20151,272691,203242%1.89%37$0.86
FY 2015 Q2Jun 30, 201582125796303.77%3.65%61$0.81
FY 2015 Q1Mar 31, 201591131880-53-6.02%-5.82%26$0.89
FY 2014 Q4Dec 31, 201472578647284.33%3.86%84$0.69
FY 2014 Q3Sep 30, 20141,385581,32730.23%0.22%12$0.87
FY 2014 Q2Jun 30, 201472914715283.92%3.84%39$0.8
FY 2014 Q1Mar 31, 201456825543-74-13.63%-13.03%24$0.73
FY 2013 Q4Dec 31, 20131,199901,109363.25%3%56$0.52
FY 2013 Q3Sep 30, 20131,322171,305282.15%2.12%33$0.73
FY 2013 Q2Jun 30, 201374228714223.08%2.96%33$0.7
FY 2013 Q1Mar 31, 201387220852-23-2.7%-2.64%22$0.62
FY 2012 Q4Dec 31, 201286628838232.74%2.66%26$0.49
FY 2012 Q3Sep 30, 20121,01428986252.54%2.47%29$0.62
FY 2012 Q2Jun 30, 201264128613233.75%3.59%28$0.55
FY 2012 Q1Mar 31, 201242712415184.34%4.22%39$0.54
FY 2011 Q4Dec 31, 201178426758273.56%3.44%35$0.02
FY 2011 Q3Sep 30, 20111,00716991171.72%1.69%28$0.56
FY 2011 Q2Jun 30, 201153825513214.09%3.9%22$0.48
FY 2011 Q1Mar 31, 201135510345154.35%4.23%15$0.43
FY 2010 Q4Dec 31, 201067024646142.17%2.09%22$0.32
FY 2010 Q3Sep 30, 201058912577183.12%3.06%28$0.39
FY 2010 Q2Jun 30, 201034322321154.67%4.37%23$0.35
FY 2010 Q1Mar 31, 2010953921617.39%16.84%17$0.35
FY 2009 Q4Dec 31, 2009284.2519.2426518.947.15%6.66%23.69$0.22
FY 2009 Q3Sep 30, 2009315.8312.29303.5428.879.51%9.14%21.53$0.35
FY 2009 Q2Jun 30, 2009362.0813.03349.0625.617.34%7.07%21.59$0.27
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · MA, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.