FCF Margin
Free cash flow as a percentage of revenue.
Latest FCF Margin: 37.5% (2026Q2); -18.6 pp YoY.
Chart and table show the latest 24 of 62 quarters.
Quarterly FCF Margin Data
Chart and table show the latest 24 of 62 quarters.
| Period | Value |
|---|---|
| 2020Q3 | 38.8% |
| 2020Q4 | 51.0% |
| 2021Q1 | 33.6% |
| 2021Q2 | 48.3% |
| 2021Q3 | 48.2% |
| 2021Q4 | 58.8% |
| 2022Q1 | 31.7% |
| 2022Q2 | 43.7% |
| 2022Q3 | 65.1% |
| 2022Q4 | 51.1% |
| 2023Q1 | 31.5% |
| 2023Q2 | 41.8% |
| 2023Q3 | 47.9% |
| 2023Q4 | 61.9% |
| 2024Q1 | 23.9% |
| 2024Q2 | 43.4% |
| 2024Q3 | 68.2% |
| 2024Q4 | 63.3% |
| 2025Q1 | 30.6% |
| 2025Q2 | 56.1% |
| 2025Q3 | 63.8% |
| 2025Q4 | 55.5% |
| 2026Q1 | 33.9% |
| 2026Q2 | 37.5% |
Banking & Finance Comparison
1 / 3
Other MA Charts
More quarter-by-quarter fundamentals for Mastercard Incorporated
1 / 7