MA · 8-K · 20260430PR000029
Operating Cash Flow Trends
Mastercard Inc · 2026-04-30 · Importance 65 · Surprise 48 · In source text
Net cash provided by operating activities was $2.999 billion for the three months ended March 31, 2026, up from $2.380 billion in Q1 2025. Primary operating adjustments included amortization of customer incentives of $620 million (up from $476 million) and depreciation & amortization of $299 million. Changes in working capital included a $2.061 billion increase in prepaid expenses and other current assets and a $437 million increase in settlement assets, reflecting timing and settlement dynamics. The higher operating cash flow supported $4.035 billion in treasury stock purchases and $777 million of dividends in the period.
Key facts
- Net cash provided by operating activities for three months ended March 31, 2026: $2,999 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +5.7% | Net cash provided by operating activities for three months ended March 31, 2026: $2,999 million |