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Mastercard (MA) free cash flow by quarter

Mastercard's free cash flow was $4.9B in Q3 2026 (third quarter 2026), +40% from Q2 2026. Over the last 7 quarters it ranged from $2.2B (Q1 2025) to $5.5B (Q3 2025).

Mastercard free cash flow by quarterMastercard free cash flow by quarter$2.2BQ1 2025$4.6BQ2 2025$5.5BQ3 2025$4.9BQ4 2025$2.8BQ1 2026$3.5BQ2 2026$4.9BQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$4.9B+40%-11%
Q2 2026$3.5B+22%-24%
Q1 2026$2.8B-42%+28%
Q4 2025$4.9B-11%—
Q3 2025$5.5B+20%—
Q2 2025$4.6B+105%—
Q1 2025$2.2B——

Q3 2026 at a glance

Mastercard, Q3 2026: revenue $9.8B (+14% year over year), operating margin 59.8%, net earnings $4.6B, operating cash flow $5.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Mastercard's free cash flow?

Mastercard's free cash flow was $4.9B in Q3 2026 (third quarter 2026), +40% from Q2 2026.

How has Mastercard's free cash flow changed?

Over the last 7 quarters it ranged from $2.2B (Q1 2025) to $5.5B (Q3 2025).

Q3 2026 results → · How Mastercard makes money →