Mastercard Incorporated
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.
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Mastercard Incorporated (MA) 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 | Free account |
Against its own ten years
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)))
More on MA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement