Mastercard Incorporated Cash Flow Breakdown
Cash flow breakdown shows where Mastercard Incorporated's cash came from and where it went: from running the business, from investing (buying or selling equipment, companies and investments) and from financing (borrowing, paying back loans, buying back shares, paying dividends). One row per year or quarter. A minus sign means cash went out. Financing is shown line by line: buybacks, dividends, debt paid back, new debt and the rest. All amounts are the filed figures for that period.
- Fiscal year ended 2025-12-31: from running the business, $17.65B came in.
- Fiscal year ended 2025-12-31: from investing, $1.36B went out.
- Fiscal year ended 2025-12-31: from financing, $14.18B went out.
- Fiscal year ended 2025-12-31: change in cash, $2.44B came in.
A minus sign means cash went out. * = worked out from the filed year-to-date figures (hover to see how); greyed = already counted inside another line.
Each year (12 month)
| Fiscal year end | Running the business | From investing | Buybacks | Dividends | Debt paid back | New debt | Staff share tax | New shares sold | Other | Not split out | Change in cash |
|---|
| 2025-12-31 | $17.65B | -$1.36B | -$11.73B | -$2.76B | -$750.00M | $1.24B | -$291.00M | $203.00M | -$100.00M | | $2.44B |
|---|
| 2024-12-31 | $14.78B | -$3.40B | -$10.95B | -$2.45B | -$1.34B | $3.96B | -$178.00M | $224.00M | -$104.00M | | $343.00M |
|---|
| 2023-12-31 | $11.98B | -$1.35B | -$9.03B | -$2.16B | $0.00 | $1.55B | -$89.00M | $237.00M | $0.00 | | $1.27B |
|---|
| 2022-12-31 | $11.20B | -$1.47B | -$8.75B | -$1.90B | -$724.00M | $1.12B | -$141.00M | $90.00M | -$20.00M | | -$706.00M |
|---|
| 2021-12-31 | $9.46B | -$5.27B | -$5.90B | -$1.74B | -$650.00M | $2.02B | -$133.00M | $61.00M | -$15.00M | -$197.00M* | -$2.52B |
|---|
| 2020-12-31 | $7.22B | -$1.88B | -$4.47B | -$1.60B | $0.00 | $3.96B | -$150.00M | $97.00M | $69.00M | -$49.00M* | $3.45B |
|---|
| 2019-12-31 | $8.18B | -$1.64B | -$6.50B | -$1.34B | -$500.00M | $2.72B | -$161.00M | $126.00M | -$15.00M | -$199.00M* | $632.00M |
|---|
| 2018-12-31 | $6.22B | -$506.00M | -$4.93B | -$1.04B | $0.00 | $991.00M | -$80.00M | $104.00M | -$4.00M* | | $745.00M |
|---|
| 2017-12-31 | $5.66B | -$1.78B | -$3.76B | -$942.00M | -$64.00M | $0.00 | -$47.00M | $57.00M | -$6.00M* | | -$681.00M |
|---|
| 2016-12-31 | $4.64B | -$1.16B | -$3.51B | -$837.00M | $0.00 | $1.97B | -$51.00M | $37.00M | $46.00M* | | $1.08B |
|---|
| 2015-12-31 | $4.10B | -$715.00M | -$3.52B | -$727.00M | $0.00 | $1.74B | -$58.00M | $27.00M | $25.00M* | | $610.00M |
|---|
| 2014-12-31 | $3.41B | $690.00M | -$3.39B | -$515.00M | | $1.53B | | $28.00M | $4.00M* | | $1.54B |
|---|
| 2013-12-31 | $4.13B | -$4.00M | -$2.44B | -$255.00M | | $35.00M | | $26.00M | $8.00M* | | $1.55B |
|---|
| 2012-12-31 | $2.95B | -$2.84B | -$1.75B | -$132.00M | | $0.00 | | $31.00M | $51.00M* | | -$1.68B |
|---|
| 2011-12-31 | $2.68B | -$748.00M | -$1.15B | -$77.00M | | | | $19.00M | -$9.00M* | | $667.00M |
|---|
| 2010-12-31 | $1.70B | -$641.00M | $0.00 | -$79.00M | | | -$126.00M* | $11.00M | $87.00M* | | $1.01B |
|---|
| 2009-12-31 | $1.38B | -$664.00M | $0.00 | -$79.00M | | | -$28.00M | $9.00M | $39.00M | -$126.00M* | $550.00M |
|---|
| 2008-12-31 | $413.00M | $202.00M | -$649.00M | -$79.00M | | | | $9.00M | $48.00M | -$80.00M* | -$154.00M |
|---|
| 2007-12-31 | $769.86M | $315.14M | -$600.53M | -$74.00M | | | | $1.60M | $15.43M | | $474.21M |
|---|
Each quarter (3 month)
| Quarter end | Running the business | From investing | Buybacks | Dividends | Debt paid back | New debt | Staff share tax | New shares sold | Other | Not split out | Change in cash |
|---|
| 2026-06-30 | $3.77B* | -$517.00M* | -$4.90B* | -$771.00M* | $0.00* | $5.60B* | $0.00* | $62.00M* | | -$24.00M* | |
|---|
| 2026-03-31 | $3.00B | -$362.00M | -$4.04B | -$777.00M | $0.00 | $0.00 | -$204.00M | $11.00M | | | -$2.48B |
|---|
| 2025-12-31 | $5.00B* | -$421.00M* | -$3.56B* | -$684.00M* | $0.00* | $0.00* | -$8.00M* | $64.00M* | $0.00* | | |
|---|
| 2025-09-30 | $5.66B* | -$374.00M* | -$3.33B* | -$687.00M* | $0.00* | $0.00* | -$4.00M* | $22.00M* | $0.00* | | |
|---|
| 2025-06-30 | $4.60B* | -$227.00M* | -$2.29B* | -$691.00M* | $0.00* | $0.00* | -$2.00M* | $76.00M* | | -$100.00M* | |
|---|
| 2025-03-31 | $2.38B | -$340.00M | -$2.55B | -$694.00M | -$750.00M | $1.24B | -$277.00M | $41.00M | | | -$826.00M |
|---|
| 2024-12-31 | $4.83B* | -$2.68B* | -$3.39B* | -$606.00M* | $0.00* | $0.00* | -$3.00M* | $61.00M* | -$104.00M* | | |
|---|
| 2024-09-30 | $5.14B* | -$256.00M* | -$2.93B* | -$611.00M* | -$336.00M* | $2.98B* | -$1.00M* | $48.00M* | $0.00* | | |
|---|
| 2024-06-30 | $3.14B* | -$294.00M* | -$2.64B* | -$615.00M* | -$1.00B* | $983.00M* | -$4.00M* | $18.00M* | $0.00* | | |
|---|
| 2024-03-31 | $1.67B | -$174.00M | -$1.99B | -$616.00M | $0.00 | $0.00 | -$170.00M | $97.00M | $0.00 | | -$1.28B |
|---|
| 2023-12-31 | $4.13B* | -$214.00M* | -$1.83B* | -$534.00M* | $0.00* | $0.00* | -$8.00M* | $24.00M* | $0.00* | | |
|---|
| 2023-09-30 | $3.23B* | -$522.00M* | -$1.91B* | -$538.00M* | $0.00* | $4.00M* | -$2.00M* | $41.00M* | -$3.00M* | | |
|---|
| 2023-06-30 | $2.70B* | -$218.00M* | -$2.42B* | -$541.00M* | | $61.00M* | -$3.00M* | $119.00M* | $1.00M* | | |
|---|
| 2023-03-31 | $1.92B | -$397.00M | -$2.88B | -$545.00M | | $1.49B | -$76.00M | $53.00M | $2.00M | | -$396.00M |
|---|
| 2022-12-31 | $3.10B* | -$350.00M* | -$2.41B* | -$473.00M* | | -$4.00M* | -$4.00M* | $13.00M* | -$8.00M* | -$724.00M* | |
|---|
| 2022-09-30 | $3.86B* | -$308.00M* | -$1.55B* | -$474.00M* | | $284.00M* | -$1.00M* | $9.00M* | -$6.00M* | | |
|---|
| 2022-06-30 | $2.46B* | -$525.00M* | -$2.38B* | -$477.00M* | | $0.00* | -$4.00M* | $40.00M* | $0.00* | | |
|---|
| 2022-03-31 | $1.78B | -$287.00M | -$2.41B | -$479.00M | | $843.00M | -$132.00M | $28.00M | -$6.00M | | -$687.00M |
|---|
| 2021-12-31 | $3.19B* | -$438.00M* | -$1.28B* | -$434.00M* | | $742.00M* | -$3.00M* | $6.00M* | -$2.00M* | -$650.00M* | |
|---|
| 2021-09-30 | $2.54B* | -$132.00M* | -$1.56B* | -$434.00M* | | $0.00* | -$5.00M* | $11.00M* | -$15.00M* | -$133.00M* | |
|---|
| 2021-06-30 | $2.27B* | -$1.14B* | -$1.71B* | -$434.00M* | | $0.00* | -$4.00M* | $21.00M* | -$3.00M* | -$64.00M* | |
|---|
| 2021-03-31 | $1.46B | -$3.56B | -$1.36B | -$439.00M | | $1.28B | -$121.00M | $23.00M | $5.00M | | -$2.80B |
|---|
| 2020-12-31 | $2.25B* | -$1.05B* | -$1.03B* | -$399.00M* | $0.00* | $0.00* | -$5.00M* | $9.00M* | $50.00M* | | |
|---|
| 2020-09-30 | $1.65B* | -$199.00M* | -$2.06B* | -$402.00M* | $0.00* | $0.00* | -$4.00M* | $23.00M* | $24.00M* | -$49.00M* | |
|---|
| 2020-06-30 | $1.46B* | -$119.00M* | $0.00* | -$401.00M* | | $0.00* | -$10.00M* | $34.00M* | -$32.00M* | | |
|---|
| 2020-03-31 | $1.86B | -$507.00M | -$1.38B | -$403.00M | | $3.96B | -$131.00M | $31.00M | $27.00M | | $3.36B |
|---|
| 2019-12-31 | $2.98B* | -$460.00M* | -$994.00M* | -$333.00M* | $0.00* | $744.00M* | $0.00* | $19.00M* | -$18.00M* | | |
|---|
| 2019-09-30 | $2.35B* | -$626.00M* | -$1.76B* | -$335.00M* | $0.00* | $0.00* | -$41.00M* | $16.00M* | -$3.00M* | | |
|---|
| 2019-06-30 | $1.54B* | -$767.00M* | -$1.92B* | -$337.00M* | | $1.98B* | -$4.00M* | $37.00M* | $3.00M* | -$699.00M* | |
|---|
| 2019-03-31 | $1.31B | $213.00M | -$1.82B | -$340.00M | | $0.00 | -$116.00M | $54.00M | $3.00M | | -$752.00M |
|---|
| 2018-12-31 | $1.33B* | -$269.00M* | -$888.00M* | -$259.00M* | $0.00* | $0.00* | -$1.00M* | $12.00M* | $3.00M* | | |
|---|
| 2018-09-30 | $2.37B* | -$231.00M* | -$1.16B* | -$260.00M* | $0.00* | $0.00* | -$6.00M* | $25.00M* | -$12.00M* | | |
|---|
| 2018-06-30 | $1.49B* | -$373.00M* | -$1.53B* | -$262.00M* | | $0.00* | $4.00M* | $27.00M* | $9.00M* | | |
|---|
| 2018-03-31 | $1.03B | $367.00M | -$1.35B | -$263.00M | | $991.00M | -$77.00M | $40.00M | -$4.00M | | $832.00M |
|---|
| 2017-12-31 | $1.82B* | -$158.00M* | -$1.03B* | -$233.00M* | $0.00* | $0.00* | -$1.00M* | $9.00M* | -$14.00M* | | $374.00M* |
|---|
| 2017-09-30 | $1.79B* | -$378.00M* | -$838.00M* | -$235.00M* | $0.00* | $0.00* | $0.00* | $12.00M* | $19.00M* | | $382.00M* |
|---|
| 2017-06-30 | $1.32B* | -$1.12B* | -$931.00M* | -$236.00M* | | $0.00* | $0.00* | $17.00M* | -$1.00M* | -$64.00M* | -$829.00M* |
|---|
| 2017-03-31 | $727.00M | -$123.00M | -$962.00M | -$238.00M | | $0.00 | -$46.00M | $19.00M | -$10.00M* | | -$598.00M |
|---|
| 2016-12-31 | $1.09B* | -$38.00M* | -$1.10B* | -$207.00M* | $0.00* | | $0.00* | $6.00M* | $5.00M* | $1.97B* | $1.52B* |
|---|
| 2016-09-30 | $1.42B* | -$630.00M* | -$591.00M* | -$209.00M* | $0.00* | | $1.00M* | $15.00M* | $11.00M* | | $29.00M* |
|---|
| 2016-06-30 | $1.06B* | -$110.00M* | -$462.00M* | -$209.00M* | | | -$2.00M* | $12.00M* | $10.00M* | | $282.00M* |
|---|
| 2016-03-31 | $1.06B | -$385.00M | -$1.36B | -$212.00M | | | -$50.00M | $4.00M | $20.00M* | | -$853.00M |
|---|
| 2015-12-31 | $1.10B* | $138.00M* | -$793.00M* | -$179.00M* | | $1.74B* | | $2.00M* | -$7.00M* | -$58.00M* | $1.87B* |
|---|
| 2015-09-30 | $1.27B* | $369.00M* | -$930.00M* | -$181.00M* | | $0.00* | | $4.00M* | $7.00M* | | $516.00M* |
|---|
| 2015-06-30 | $821.00M* | -$703.00M* | -$848.00M* | -$183.00M* | | $0.00* | | $11.00M* | $4.00M* | | -$846.00M* |
|---|
| 2015-03-31 | $911.00M | -$519.00M | -$947.00M | -$184.00M | | $0.00 | | $10.00M | $21.00M* | | -$930.00M |
|---|
| 2014-12-31 | $725.00M* | $242.00M* | -$155.00M* | -$127.00M* | | $43.00M* | | $5.00M* | -$10.00M* | | $675.00M* |
|---|
| 2014-09-30 | $1.39B* | $880.00M* | -$404.00M* | -$128.00M* | | $0.00* | | $7.00M* | $15.00M* | | $1.58B* |
|---|
| 2014-06-30 | $729.00M* | -$562.00M* | -$1.16B* | -$129.00M* | | $0.00* | | $8.00M* | -$27.00M* | | -$1.14B* |
|---|
| 2014-03-31 | $568.00M | $130.00M | -$1.67B | -$131.00M | | $1.49B | | $8.00M | $26.00M* | | $420.00M |
|---|
| 2013-12-31 | $1.20B* | -$239.00M* | -$751.00M* | -$73.00M* | | | | $4.00M* | -$7.00M* | $35.00M* | $186.00M* |
|---|
| 2013-09-30 | $1.32B* | $117.00M* | -$345.00M* | -$72.00M* | | $0.00* | | $6.00M* | -$5.00M* | | $1.06B* |
|---|
| 2013-06-30 | $742.00M* | $225.00M* | -$581.00M* | -$73.00M* | | $0.00* | | $11.00M* | $5.00M* | | $364.00M* |
|---|
| 2013-03-31 | $872.00M | -$107.00M | -$766.00M | -$37.00M | | $0.00 | | $5.00M | $15.00M* | | -$68.00M |
|---|
| 2012-12-31 | $866.00M* | -$1.23B* | -$613.00M* | -$38.00M* | | | -$1.00M* | $3.00M* | $1.00M* | | -$993.00M* |
|---|
| 2012-09-30 | $1.01B* | -$922.00M* | -$216.00M* | -$37.00M* | | | -$3.00M* | $10.00M* | $14.00M* | | -$108.00M* |
|---|
| 2012-06-30 | $641.00M* | -$388.00M* | -$671.00M* | -$38.00M* | | | $0.00* | $4.00M* | $3.00M* | | -$531.00M* |
|---|
| 2012-03-31 | $427.00M | -$302.00M | -$248.00M | -$19.00M | | | | $14.00M | $33.00M* | | -$50.00M |
|---|
| 2011-12-31 | $784.00M* | -$693.00M* | -$30.00M* | -$19.00M* | | | $0.00* | $4.00M* | $1.00M* | | -$19.00M* |
|---|
| 2011-09-30 | $1.01B* | $159.00M* | -$77.00M* | -$19.00M* | | | -$1.00M* | $7.00M* | $1.00M* | | $989.00M* |
|---|
| 2011-06-30 | $538.00M* | -$349.00M* | -$387.00M* | -$19.00M* | | | $0.00* | $6.00M* | $3.00M* | -$21.00M* | -$190.00M* |
|---|
| 2011-03-31 | $355.00M | $135.00M | -$654.00M | -$20.00M | | | -$32.00M* | $2.00M | $7.00M | | -$113.00M |
|---|
| 2010-12-31 | $670.00M* | -$58.00M* | $0.00* | -$20.00M* | | | -$1.00M* | $1.00M* | $0.00* | $3.00M* | $588.00M* |
|---|
| 2010-09-30 | $589.00M* | -$563.00M* | | -$20.00M* | | | | $1.00M* | -$4.00M* | | $156.00M* |
|---|
| 2010-06-30 | $343.00M* | $3.00M* | | -$19.00M* | | | | $3.00M* | -$2.00M* | | $204.00M* |
|---|
| 2010-03-31 | $95.00M | -$23.00M | | -$20.00M | | | | $6.00M | $91.00M | | $64.00M |
|---|
| 2009-12-31 | $284.00M* | -$524.00M* | $0.00* | -$20.00M* | | | | $3.00M* | $7.00M* | | -$261.00M* |
|---|
| 2009-09-30 | $316.00M* | -$52.00M* | $0.00* | -$20.00M* | | | | $4.00M* | $6.00M* | | $268.00M* |
|---|
| 2009-06-30 | $362.00M* | -$38.00M* | | -$19.00M* | | | | $1.00M* | $18.00M* | | $370.00M* |
|---|
| 2009-03-31 | $416.00M | -$50.00M | | -$20.00M | | | | $1.00M | $8.00M | -$154.00M* | $173.00M |
|---|
| 2008-12-31 | -$517.58M* | -$29.64M* | $468.00K* | -$19.42M* | | | | -$335.00K* | -$901.00K* | | -$566.16M* |
|---|
| 2008-09-30 | $387.79M* | -$16.20M* | $0.00* | -$19.70M* | | | | $4.68M* | $5.07M* | | $302.25M* |
|---|