MA · 10-Q · 2026Q1 · Full report

Operating Cash Flow Trends

Mastercard Inc · 2026-04-30 · Importance 59 · Surprise 48

Net cash provided by operating activities was $2,999 million in Q1 2026 versus $2,380 million in Q1 2025, an increase of $619 million primarily due to higher net income after adjusting for non‑cash items, partially offset by cash paid for litigation settlements. Net cash used in investing activities was $(362) million in Q1 2026 versus $(340) million in Q1 2025, a $22 million increase primarily due to lower proceeds from maturities/sales of investments and other investing outflows. Net cash used in financing activities was $(5,005) million in Q1 2026 versus $(2,987) million a year earlier, driven by higher cash paid for share repurchases and dividends and no net cash received from debt activity in Q1 2026. The stronger operating cash generation funded the larger return of capital in the quarter.

Key facts