Mastercard Inc (MA) — Free Cash Flow Generation Index
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). Explore how much does Mastercard Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Mastercard Inc Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for Mastercard Inc across 25 annual periods. For the full cash flow conversion analysis, see MA cash flow conversion.
Annual Free Cash Flow Generation for Mastercard Inc (2001–2025)
Year-by-year Free Cash Flow Generation Index for Mastercard Inc. Check cash flow reinvestment rate of Mastercard Inc to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |