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). Read Mastercard Inc debt and liabilities for a breakdown of total debt and financial obligations.
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 capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 market cap.
| 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).