Mastercard Incorporated

MA Financial Credit Services

Mastercard Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $32.8 billion, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 14.1%, EPS grew 22.1%, free cash flow fell 25.0% and total debt rose 29.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five.

617.42 1.10 +0.18%
Market cap
$539.9B
P/E
33.9×
Fwd P/E
25.4×
Dividend yield
0.56%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Mastercard Incorporated (MA) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Mastercard Incorporated (MA) trades at a price to free cash flow of 34.1×. Over the past ten years it has ranged from 23.2× (July 2016) to 63.6× (April 2021); the current reading is higher than 41% of that period. That is above the Credit Services industry median of 2.8× and above the Financial sector median of 9.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 31.4× (12.31%)
FY2024 35.9× (1.95%)
FY2023 36.6× 9.99%
FY2022 33.2× (19.01%)
FY2021 41.0× (25.22%)
FY2020 54.9× 34.75%
FY2019 40.7× 18.62%
FY2018 34.3× 11.03%
FY2017 30.9× 13.72%
FY2016 27.2× (7.41%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 28.4× 8.75%
Mar 2026 26.1× (17.06%)
Dec 2025 31.4× (0.20%)
Sep 2025 31.5× (2.04%)
42 more quarters

Against its own ten years

Low 23.2× High 63.6×
Ten-year median 35.6×
Current reading's percentile 41

Price to free cash flow against peers

Company Price to free cash flow
SOFI SoFi Technologies, Inc. compare n/m
SYF Synchrony Financial compare 2.5×
ALLY Ally Financial Inc. compare 2.5×
COF Capital One Financial Corporation compare 4.2×
PYPL PayPal Holdings, Inc. compare 7.5×
AXP American Express Company compare 14.1×
AFRM Affirm Holdings, Inc. compare 25.0×
MA Mastercard Incorporated 34.1×
V Visa Inc. compare 34.1×
Credit Services industry median 2.8×
Financial sector median 9.9×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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