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Mastercard (MA) Cash Flow Waterfall

Trace Mastercard's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$18.20B

Capex

−$484.00M

Free Cash Flow

$17.72B

FCF Margin

+97.3%

Cash flow waterfall for Mastercard (MA) — TTM through Q1 2026

Free cash flow: $17.72B

Cash flow breakdown for Mastercard (MA) — TTM through Q1 2026

  • Operating Cash Flow$18.20B
  • Capital Expenditure−$484.00M
  • Free Cash Flow$17.72B
  • Other Investing−$900.00M
  • Share Buybacks−$5.04B
  • Dividends Paid−$2.84B
  • Other Financing & FX−$8.22B
  • Net Cash Increase$715.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology