$MA · Mastercard Incorporated

On October 29, 2026, Mastercard Incorporated reported financial results for the third quarter of 2026. Net revenue was $9.8 billion, up 14 percent from the prior-year period both as reported and on a currency-neutral basis. Net income was $4.6 billion, with diluted earnings per share of $5.28, while adjusted net income was $4.7 billion and adjusted diluted earnings per share was $5.31. Operating expenses rose 11 percent to $3.9 billion, and the effective tax rate was 19.4 percent, down from 21.5 percent a year earlier.

Growth came from the payment network and value-added services. Payment network net revenue increased 11 percent, reflecting a 7 percent rise in gross dollar volume to $3.0 trillion, an 11 percent increase in cross-border volume, and a 9 percent increase in switched transactions on a local currency basis. Value-added services and solutions net revenue grew 19 percent. Payment network rebates and incentives increased 18 percent, partly due to new and renewed deals.

For the first nine months of 2026, net revenue was $27.5 billion, up 15 percent as reported and 13 percent currency-neutral. Net income was $12.9 billion, and diluted earnings per share was $14.59. The company also noted that customers had issued 3.8 billion Mastercard and Maestro-branded cards as of September 30, 2026.