Mastercard Incorporated (MA) FCF Payout Ratio: 16.51%
Is Mastercard Incorporated’s FCF payout ratio high or low?
Mastercard Incorporated's FCF payout ratio of 16.51% is 14% below its 5-year average of 19.27%, near the low end of its 5-year range (16.30%–24.63%).
The FCF payout ratio for Mastercard Incorporated (MA) is 16.51%. It is below its 12-month average by 1.16% (16.70%).
MA FCF Payout Ratio Chart
MA Average FCF Payout Ratio Chart
MA Current vs Average FCF Payout Ratio Chart
MA FCF Payout Ratio Metrics
FCF PAYOUT RATIO
16.51%
FCF PAYOUT RATIO AVG TTM
16.70%
FCF PAYOUT RATIO AVG 3Y
17.71%
FCF PAYOUT RATIO AVG 5Y
19.27%
FCF PAYOUT RATIO AVG 10Y
19.12%
FCF PAYOUT RATIO AVG 15Y
15.42%
FCF PAYOUT RATIO AVG 20Y
15.00%
CURRENT VS TTM AVG
-1.16%
CURRENT VS 3Y AVG
-6.78%
CURRENT VS 5Y AVG
-14.31%
CURRENT VS 10Y AVG
-13.64%
CURRENT VS 15Y AVG
+7.07%
CURRENT VS 20Y AVG
+10.06%
Payout Ratio Comparison
FCF Payout Ratio
16.5%
Earnings Payout Ratio
19.7%
Dividend Yield
0.67%
FCF Yield
4.06%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $16.91B | $2.76B | 16.3% |
| 2024 | $14.31B | $2.45B | 17.1% |
| 2023 | $11.61B | $2.16B | 18.6% |
| 2022 | $10.10B | $1.90B | 18.8% |
| 2021 | $8.65B | $1.74B | 20.1% |
| 2020 | $6.52B | $1.60B | 24.6% |
| 2019 | $7.46B | $1.34B | 18.0% |
| 2018 | $5.72B | $1.04B | 18.3% |
| 2017 | $5.13B | $942.00M | 18.4% |
| 2016 | $4.10B | $837.00M | 20.4% |
| 2015 | $3.70B | $727.00M | 19.6% |
| 2014 | $3.07B | $515.00M | 16.8% |
| 2013 | $3.84B | $255.00M | 6.6% |
| 2012 | $2.73B | $132.00M | 4.8% |
| 2011 | $2.51B | $77.00M | 3.1% |
| 2010 | $1.55B | $79.00M | 5.1% |
| 2009 | $1.24B | $79.00M | 6.4% |
| 2008 | $242.96M | $79.26M | 32.6% |
| 2007 | $613.44M | $74.00M | 12.1% |
| 2006 | $555.69M | $12.37M | 2.2% |
| 2005 | $190.84M | $0 | 0.0% |
| 2004 | $265.64M | $0 | 0.0% |
| 2003 | $46.98M | $0 | 0.0% |
| 2002 | $204.41M | $0 | 0.0% |
| 2001 | $88.93M | $0 | 0.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Mastercard Incorporated FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Mastercard Incorporated FCF Payout Ratio FAQ
- What is the FCF payout ratio for Mastercard Incorporated (MA)?
- The FCF payout ratio for MA stock is 16.51%.
- Is Mastercard Incorporated's FCF payout ratio high or low?
- Mastercard Incorporated's FCF payout ratio of 16.51% is 14% below its 5-year average of 19.27%, near the low end of its 5-year range (16.30%–24.63%).
- What is the TTM average FCF payout ratio for Mastercard Incorporated (MA)?
- The TTM average FCF payout ratio for MA stock is 16.70%.
- What is the 3Y average FCF payout ratio for Mastercard Incorporated (MA)?
- The 3Y average FCF payout ratio for MA stock is 17.71%.
- What is the 5Y average FCF payout ratio for Mastercard Incorporated (MA)?
- The 5Y average FCF payout ratio for MA stock is 19.27%.
- What is the 10Y average FCF payout ratio for Mastercard Incorporated (MA)?
- The 10Y average FCF payout ratio for MA stock is 19.12%.
- What is the 15Y average FCF payout ratio for Mastercard Incorporated (MA)?
- The 15Y average FCF payout ratio for MA stock is 15.42%.
- What is the 20Y average FCF payout ratio for Mastercard Incorporated (MA)?
- The 20Y average FCF payout ratio for MA stock is 15.00%.
Mastercard Incorporated FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 16.30% |
| 2024-12-31 | 17.11% |
| 2023-12-31 | 18.59% |
| 2022-12-31 | 18.85% |
| 2021-12-31 | 20.13% |
| 2020-12-31 | 24.63% |
| 2019-12-31 | 18.04% |
| 2018-12-31 | 18.25% |
| 2017-12-31 | 18.36% |
| 2016-12-31 | 20.40% |
| 2015-12-31 | 19.64% |
| 2014-12-31 | 16.76% |
| 2013-12-31 | 6.65% |
| 2012-12-31 | 4.84% |
| 2011-12-31 | 3.07% |
| 2010-12-31 | 5.11% |
| 2009-12-31 | 6.38% |
| 2008-12-31 | 32.62% |
| 2007-12-31 | 12.06% |
| 2006-12-31 | 2.23% |
About Mastercard Incorporated
Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- CEO
- Michael Miebach