Mastercard Incorporated — Cash Flow Charts
12 quarters of history · ending 2026-03-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+26.0% +$619M
$3.00B
Free Cash Flow↑+28.1% +$624M
$2.85B
Investing Cash Flow↓-6.5% -$22M
$-362M
Financing Cash Flow↓-67.6% -$2.02B
$-5.00B
Capex↓-3.1% -$5M
$154M
Acquisitions↓-100.0% -$2.51B
$0
Stock Buybacks↑+58.3% +$1.49B
$4.04B
Dividends Paid↑+12.0% +$83M
$777M
Stock-Based Comp↑+5.4% +$7M
$136M
Debt Issued↓-100.0% -$1.24B
$0
Debt Repaid↓-100.0% -$750M
$0
D&A↑+8.7% +$24M
$299M
SBC Allocated Expense↑+5.4% +$7M
$136M
SBC Granted (Grant-Date FV)NEW
$688M
SBC Vested (Vest-Date FV)NEW↑+13.9% +$61M
$500M