Free Cash Flow for Mastercard (MA)
Free Cash Flow for Mastercard (MA): headline value $17.09B · YoY +18.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$17.09B
YoY change
+18.2%
5Y CAGR
+21.0%
Peak year (2025)
$16.91B
Latest annual
$16.91B
Free Cash Flow history chart for Mastercard (MA) from 2001 to 2025
Free Cash Flow history table for Mastercard (MA) from 2001 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $16.91B | +18.2% | ||
| 2024 | $14.31B | +23.2% | ||
| 2023 | $11.61B | +15.0% | ||
| 2022 | $10.10B | +16.8% | ||
| 2021 | $8.65B | +32.7% | ||
| 2020 | $6.52B | -12.6% | ||
| 2019 | $7.46B | +30.4% | ||
| 2018 | $5.72B | +11.4% | ||
| 2017 | $5.13B | +25.1% | ||
| 2016 | $4.10B | +10.8% | ||
| 2015 | $3.70B | +20.4% | ||
| 2014 | $3.07B | -19.9% | ||
| 2013 | $3.84B | +40.5% | ||
| 2012 | $2.73B | +8.9% | ||
| 2011 | $2.51B | +62.2% | ||
| 2010 | $1.55B | +24.8% | ||
| 2009 | $1.24B | +409.9% | ||
| 2008 | $242.96M | -60.4% | ||
| 2007 | $613.44M | +10.4% | ||
| 2006 | $555.69M | +191.2% | ||
| 2005 | $190.84M | -28.2% | ||
| 2004 | $265.64M | +465.5% | ||
| 2003 | $46.98M | -77.0% | ||
| 2002 | $204.41M | +129.8% | ||
| 2001 | $88.93M | — |
Free Cash Flow values are taken from Mastercard's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Mastercard (MA) came in at $16.91B – grew 18.2% year-over-year.
Mastercard free cash flow compound annual growth for the 2020–2025 (5 years) window is +21.0%, sustaining 5 straight years of year-over-year growth.
The highest annual free cash flow of $16.91B was reported in 2025. The lowest in the available history was $46.98M in 2003.
Mastercard (MA) sits 6th of 8 Financial Services peers we track on this metric, against a peer median of $21.93B.
Mastercard Free Cash Flow by Year
Mastercard Free Cash Flow 2025: $16.91B
Mastercard free cash flow in 2025 was $16.91B, grew 18.2% from 2024. This figure represents the highest annual value in the available history.
Mastercard Free Cash Flow 2024: $14.31B
Mastercard free cash flow in 2024 was $14.31B, grew 23.2% from 2023.
Mastercard Free Cash Flow 2023: $11.61B
Mastercard free cash flow in 2023 was $11.61B, grew 15.0% from 2022.
Mastercard Free Cash Flow 2022: $10.10B
Mastercard free cash flow in 2022 was $10.10B, grew 16.8% from 2021.
Mastercard Free Cash Flow 2021: $8.65B
Mastercard free cash flow in 2021 was $8.65B.
See more financial history for Mastercard (MA).
Sector peers — Free Cash Flow
Companies in the same sector as Mastercard, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Morgan Stanley (MS) | $46.10B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Citigroup Inc. (C) | $22.28B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is Mastercard's free cash flow?
Latest reported free cash flow for Mastercard (MA) is $17.09B (period ending December 31, 2025).
How has Mastercard free cash flow changed year-over-year?
Mastercard (MA) free cash flow changed +18.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Mastercard free cash flow?
Mastercard (MA) free cash flow compound annual growth rate is +21.0% over the most recent 5 years available.
When did Mastercard free cash flow hit its highest annual value?
Mastercard free cash flow reached its highest annual value of $16.91B in 2025.
What was Mastercard free cash flow in 2024?
Mastercard (MA) free cash flow in 2024 was $14.31B.
What was Mastercard free cash flow in 2025?
Mastercard (MA) free cash flow in 2025 was $16.91B.
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