Mastercard Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.39B | $3.88B | $4.06B | $3.93B | $3.70B | $3.28B | $3.34B | $3.26B |
| Depreciation & Amortization | $309.0M | $299.0M | $297.0M | $290.0M | $281.0M | $275.0M | $231.0M | $225.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $190.0M | $136.0M | $112.0M | $177.0M | $179.0M | $129.0M | $108.0M | $155.0M |
| Net Cash from Operating Activities | $3.77B | $3.00B | $5.00B | $5.66B | $4.60B | $2.38B | $4.83B | $5.14B |
| Investing Activities | ||||||||
| Capital Expenditures | $291.0M | $154.0M | $112.0M | $178.0M | $40.0M | $159.0M | $95.0M | $107.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-517.0M | $-362.0M | $-421.0M | $-374.0M | $-227.0M | $-340.0M | $-2.68B | $-256.0M |
| Financing Activities | ||||||||
| Dividends Paid | $771.0M | $777.0M | $684.0M | $687.0M | $691.0M | $694.0M | $606.0M | $611.0M |
| Stock Repurchases | $4.90B | $4.04B | $3.56B | $3.33B | $2.29B | $2.55B | $3.39B | $2.93B |
| Net Cash from Financing Activities | $-35.0M | $-5.01B | $-4.19B | $-4.00B | $-3.01B | $-2.99B | $-4.04B | $-857.0M |
| Net Change in Cash | $3.21B | $-2.48B | $403.0M | $1.27B | $1.59B | $-826.0M | $-2.16B | $4.17B |
| Free Cash Flow | $3.48B | $2.85B | $4.89B | $5.49B | $4.56B | $2.22B | $4.74B | $5.03B |