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Mastercard Inc (MA) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for MA. Market data source · as of 2026-06-30.

Section freshness

Price Jul 31, 4:00 PM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

MA latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Free cash flow

$3.48B

+22.4% QoQ

Balance sheet coverage

MA balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$57.69B

Liabilities $52.09B

Cash / debt

$11.29B

Net cash -$13.35B

Equity / working capital

$5.61B

Working capital $1.52B

Financial statements

MA statement coverage.

Income statement, balance sheet, and cash-flow figures for MA, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual MA statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

MA statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Interest income	Continuing ops	Net income	Comprehensive income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026			$5.59B
Q1 FY2026			$4.91B
Q4 FY2025			$4.91B
Q3 FY2025			$5.06B
Q2 FY2025			$4.78B
Q1 FY2025			$4.15B
Q4 FY2024			$3.94B
Q3 FY2024			$4.00B

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q2 FY2026	$11.29B	$26.52B	$25.00B	$57.69B	$52.09B	$24.64B	$5.61B	+30.0%
Q1 FY2026	$7.91B	$22.50B	$22.93B	$52.45B	$45.73B	$18.96B	$6.72B	-0.2%
Q4 FY2025	$10.57B	$23.56B	$22.76B	$54.16B	$46.41B	$19.00B	$7.74B	+0.1%
Q3 FY2025	$10.31B	$23.22B	$20.69B	$53.29B	$45.37B	$18.98B	$7.90B	+0.1%
Q2 FY2025	$9.03B	$22.14B	$19.03B	$51.43B	$43.56B	$18.97B	$7.85B	+0.9%
Q1 FY2025	$7.58B	$19.80B	$17.83B	$48.47B	$41.77B	$18.80B	$6.67B	+3.2%
Q4 FY2024	$8.44B	$19.72B	$19.22B	$48.08B	$41.57B	$18.23B	$6.49B	-0.7%
Q3 FY2024	$11.06B	$22.30B	$17.29B	$47.24B	$39.74B	$18.36B	$7.44B	+17.6%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Dividends paid	Buybacks	FCF QoQ
Q2 FY2026	$3.77B	$291.00M	$3.48B	$771.00M	$4.90B	+22.4%
Q1 FY2026	$3.00B	$154.00M	$2.85B	$777.00M	$4.04B	-41.8%
Q4 FY2025	$5.00B	$112.00M	$4.89B	$684.00M	$3.56B	-10.8%
Q3 FY2025	$5.66B	$178.00M	$5.49B	$687.00M	$3.33B	+20.2%
Q2 FY2025	$4.60B	$40.00M	$4.56B	$691.00M	$2.29B	+105.4%
Q1 FY2025	$2.38B	$159.00M	$2.22B	$694.00M	$2.55B	-53.1%
Q4 FY2024	$4.83B	$95.00M	$4.74B	$606.00M	$3.39B	-5.8%
Q3 FY2024	$5.14B	$107.00M	$5.03B	$611.00M	$2.93B	+66.4%

Valuation and returns

Enterprise value: $515.39B; TECHi computed

Return on equity: 57.39%; Market data source

Return on assets: 5.58%; Market data source

Debt / equity: 4.39; Current ratio 1.06

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual sales and income multiple

EV / annual operating income27.27

TTM valuation multiples

TTM EBIT: $20.46B; TTM operating income

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

EV / TTM EBIT25.18

Revenue, net income, and free cash flow

Free cash flow$3.48B

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Debt growth YoY+29.9%

Operating expense growth YoY+10.0%

Cash conversion

FCF / EBITi0.82

TTM free cash flow / TTM operating income

Latest quarter expense mix

Operating expenses$3.69B

Profit bridge

EBIT$5.59B

Pretax income$5.49B

Tax expense$1.10B

Other income statement lines

Income before tax$5.49B

Income tax expense$1.10B

Balance sheet · Q2 FY2026

Cash & equivalents: $11.29B

Total debt: $24.64B

Net cash: -$13.35B; Net debt position

Total equity: $5.61B

Balance sheet detail

Current assets: $26.52B

Current liabilities: $25.00B

Receivables: $5.05B

Property, plant & equipment: $2.54B

Current debt: $2.46B

Long-term debt: $22.18B

Debt and liquidity

Cash / debt0.46

Quick ratioi0.65

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $3.77B

Capital expenditure: $291.00M

Free cash flow: $3.48B

Capital returned: $5.67B; Buybacks + dividends paid

Cash-flow detail

Investing cash flow: -$517.00M

Financing cash flow: -$35.00M

Stock issuance: $62.00M; Common stock issued

Buybacks: $4.90B

Net buybacks: $4.84B; Repurchases less stock issuance

Dividends paid: $771.00M

Cash flow read

MA runs cash-flow positive.

MA is generating $3.48B of free cash, which funds buybacks ($4.90B) and dividends ($771.00M) without leaning on the balance sheet. Watch the gap between FCF and net income — a widening gap is usually working-capital noise; a persistent gap is a signal.

Frequently asked

Common questions.

What financial data is available for MA?

The MA Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Mastercard Inc. Missing modules and empty line items are omitted.

How current are MA's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Mastercard Inc's reported net margin?

Mastercard Inc's fresh reported margin field is 9.40%. The Financials page shows the supporting period data currently available for MA.