Companies /Financial Services
Mastercard Incorporated - Class A
NYSE: MA Credit Services
$647.18
▼ $10.92 (−1.66%) today
Markets closed · 1:15am ET

Mastercard (MA) Q3 2026 Earnings

Reported Oct 29, 2026, 8:04am ET · SEC source
$5.31
Beat +3.08%
EPS · est. $5.15 Adjusted

Adjusted EPS excludes Q3'26 pre-tax litigation charges of $74 million (primarily settlements with merchants who opted out of the U.S. merchant class litigation) and a net pre-tax loss of $5 million on equity investments; GAAP diluted EPS was $5.28.

$9.8B
Beat +1.75%
Revenue · est. $9.6B
7 quarters
Consecutive EPS beats

How Did MA Stock React to Q3 2026 Earnings?

% change · around the report
−2%0+2%+4%Oct 29Oct 30report 8:04am ETearnings−2.0%+3.0%
−2%0+2%+4%Oct 29Oct 30earnings−2.0%+3.0%
MA +3.0%S&P 500 −2.0%
−3%0+3%Oct 29Oct 30report 8:04am ETearnings−4.1%+3.0%
−3%0+3%Oct 29Oct 30earnings−4.1%+3.0%
MA +3.0%NASDAQ −4.1%
−3%0+3%+6%Oct 28Nov 3report 8:04am ETearnings−2.3%+3.6%
−3%0+3%+6%Oct 28Nov 3earnings−2.3%+3.6%
MA +3.6%S&P 500 −2.3%
−4%0+4%Oct 28Nov 3report 8:04am ETearnings−5.0%+3.6%
−4%0+4%Oct 28Nov 3earnings−5.0%+3.6%
MA +3.6%NASDAQ −5.0%
+4.16%
Day of report
+0.36%
Next session

Did MA Beat Earnings? Q3 2026 Results

Yes. Mastercard reported Q3 2026 earnings of $5.31 a share on Oct 29, 2026, beating the $5.15 consensus estimate by 3.1%. Revenue was $9.8B against a $9.6B estimate.

Mastercard delivered a clean beat on both the top and bottom lines in the third quarter of 2026, extending its streak of exceeding Wall Street's EPS expectations to six consecutive quarters. The payments giant posted adjusted diluted EPS of $5.31, ahead of the $5.15 consensus by 3.08%, while net revenue of $9.81 billion cleared estimates by 1.75% and rose 14% year over year. The primary engine behind the quarter's momentum was a 19% surge in value-added services and solutions revenue, which grew faster than the core payment network business and reflected strong demand across multiple service lines. Payment network revenue itself climbed 11%, supported by 9% switched transaction growth and 11% cross-border volume expansion, though rebates and incentives tied to new and renewed customer deals absorbed some of those gains. Adjusted operating margin reached 60.5%, and a lower effective tax rate of 19.4%, down from 21.5% a year earlier, provided additional lift to the bottom line. Mastercard also returned $3.76 billion to shareholders through buybacks and dividends during the quarter.

Key Takeaways
  • Net revenue up 14% as reported and currency-neutral
  • Payment network net revenue up 11%
  • Value-added services and solutions net revenue up 19% on strong demand and pricing
  • Gross dollar volume up 7% (local currency) to $3.0 trillion
  • Cross-border volume up 11% (local currency)
  • Switched transactions up 9%
  • Purchase volume up 9% (local currency)
  • Pricing contributed to both revenue lines
  • Payment network rebates and incentives up 18% from new and renewed deals
  • Effective tax rate fell to 19.4% from 21.5% on higher discrete tax benefits
  • GAAP operating margin of 59.8%, up 0.9 ppt; adjusted operating margin of 60.5%

“Another strong quarter for Mastercard, delivering net revenue growth of 14%. More Mastercard credentials in more hands give us a powerful foundation, backed by our global reach and innovation.”

Mastercard CEO, on the earnings call

MA YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$3.0B$6.0B$9.0B$8.6B$9.8BRevenue$5.1B$5.9BOperating Income$3.9B$4.6BNet Income
$0$3.0B$6.0B$9.0BRevenueOperating IncomeNet Income
MA income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $9.8B $8.6B +14.0%
Operating Income $5.9B $5.1B +15.8%
Net Income $4.6B $3.9B +17.9%

When Does Mastercard Report Next?

Expected report date
After the close
Release timing

Figures from SEC filings and company reports. Not investment advice.