Mastercard Inc (MA) — Free Cash Flow Generation Index
Latest as of March 2026:
0.95x
Mastercard Inc (MA) has a Free Cash Flow Generation Index of 0.95x as of March 2026. Free cash flow of $2.85 Billion represents 1% of operating cash flow ($3.00 Billion). See MA working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.95x
Free Cash Flow / Operating CF
Free Cash Flow
$2.85 Billion
USD
Operating Cash Flow
$3.00 Billion
USD
Capital Expenditures
$154.00 Million
USD
Mastercard Inc Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for Mastercard Inc across 25 annual periods. Explore MA operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Mastercard Inc (2001–2025)
Year-by-year Free Cash Flow Generation Index for Mastercard Inc. For the full company profile including market capitalisation, see MA company net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.97x | $16.91 Billion | $17.40 Billion | $489.00 Million | ▲ +0.4% |
| 2024 | 0.97x | $14.31 Billion | $14.78 Billion | $474.00 Million | ▼ -0.1% |
| 2023 | 0.97x | $11.61 Billion | $11.98 Billion | $371.00 Million | ▲ +7.4% |
| 2022 | 0.90x | $10.10 Billion | $11.20 Billion | $1.10 Billion | ▼ -1.3% |
| 2021 | 0.91x | $8.65 Billion | $9.46 Billion | $814.00 Million | ▲ +1.3% |
| 2020 | 0.90x | $6.52 Billion | $7.22 Billion | $708.00 Million | ▼ -1.0% |
| 2019 | 0.91x | $7.46 Billion | $8.18 Billion | $728.00 Million | ▼ -0.9% |
| 2018 | 0.92x | $5.72 Billion | $6.22 Billion | $504.00 Million | ▼ -0.5% |
| 2017 | 0.92x | $5.13 Billion | $5.55 Billion | $423.00 Million | ▲ +1.0% |
| 2016 | 0.91x | $4.10 Billion | $4.48 Billion | $382.00 Million | ▼ -0.1% |
| 2015 | 0.92x | $3.70 Billion | $4.04 Billion | $342.00 Million | ▲ +1.5% |
| 2014 | 0.90x | $3.07 Billion | $3.41 Billion | $334.00 Million | ▼ -2.8% |
| 2013 | 0.93x | $3.84 Billion | $4.13 Billion | $299.00 Million | ▲ +0.2% |
| 2012 | 0.93x | $2.73 Billion | $2.95 Billion | $218.00 Million | ▼ -0.9% |
| 2011 | 0.93x | $2.51 Billion | $2.68 Billion | $177.00 Million | ▲ +2.5% |
| 2010 | 0.91x | $1.55 Billion | $1.70 Billion | $151.00 Million | ▲ +1.4% |
| 2009 | 0.90x | $1.24 Billion | $1.38 Billion | $139.36 Million | ▲ +52.9% |
| 2008 | 0.59x | $242.96 Million | $413.23 Million | $170.27 Million | ▼ -26.2% |
| 2007 | 0.80x | $613.44 Million | $769.86 Million | $156.42 Million | ▼ -6.8% |
| 2006 | 0.85x | $555.69 Million | $650.16 Million | $94.47 Million | ▲ +22.2% |
| 2005 | 0.70x | $190.84 Million | $272.85 Million | $82.00 Million | ▼ -9.5% |
| 2004 | 0.77x | $265.64 Million | $343.80 Million | $78.16 Million | ▲ +213.3% |
| 2003 | 0.25x | $46.98 Million | $190.44 Million | $143.47 Million | ▼ -63.1% |
| 2002 | 0.67x | $204.41 Million | $305.77 Million | $101.36 Million | ▲ +47.7% |
| 2001 | 0.45x | $88.93 Million | $196.50 Million | $107.56 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).