Q2 26 EPS
$5.04
BEAT +5.66%
Est. $4.77
Q2 26 Revenue
$9.28B
vs S&P Since Q2 26
-2.8%
TRAILING MARKET
MA +1.1% vs S&P +3.9%
Market Reaction
Did MA Beat Earnings? Q2 2026 Results
Mastercard delivered another standout quarter in Q2 2026, posting adjusted diluted EPS of $5.04 against a consensus estimate of $4.77, a beat of 5.66% that extends the payments giant's streak of topping Wall Street expectations to six consecutive qua… Read more Mastercard delivered another standout quarter in Q2 2026, posting adjusted diluted EPS of $5.04 against a consensus estimate of $4.77, a beat of 5.66% that extends the payments giant's streak of topping Wall Street expectations to six consecutive quarters. Net revenue climbed 14.1% year over year to $9.28 billion, with the company's faster-growing value-added services and solutions segment leading the way at 20% revenue growth, powered by security solutions and digital authentication offerings that reflect deepening demand for services beyond core transaction processing. Payment network volumes held firm as well, with gross dollar volume reaching $2.90 trillion and cross-border volume expanding 12%, underscoring resilient consumer spending across geographies. Operating margin widened to 61.1% on an adjusted basis from 59.9% a year ago, even as the company absorbed $82 million in litigation provisions tied to ATM surcharge and merchant class complaints. Mastercard repurchased 9.8 million shares for $4.90 billion during the quarter, reinforcing management's confidence in the durability of its earnings trajectory.
Key Takeaways
- • Gross dollar volume growth of 8% on a local currency basis to $2.9 trillion
- • Cross-border volume growth of 12% on a local currency basis
- • Switched transactions growth of 9%
- • Value-added services and solutions net revenue growth of 20% driven by security solutions, consumer acquisition and engagement, digital and authentication, and business insights
- • Payment network rebates and incentives increased 22% due to key drivers and new/renewed deals
- • Lower effective tax rate of 20.0% vs 20.8% in Q2 2025
MA YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We delivered above expectations with net revenue growth at 14% year-over-year, or 12% on a currency-neutral basis in the second quarter. These results reflect our role in powering more ways to shop, pay and do business. From new partnerships in Mexico and the UAE to our market-first Agentic Payment capability, we're unlocking opportunities unique to Mastercard and shaping what's next in commerce.”
— Michael Miebach, Q2 2026 Earnings Press Release
MA Earnings Trends
MA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MA EPS Trend
Earnings per share: estimate vs actual
MA Revenue Trend
Quarterly revenue: estimate vs actual
MA Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $4.77 | $5.04 | +5.66% | $9.28B | — |
| Q1 26 BEAT | $4.41 | $4.60 | +4.24% | $8.40B | +1.74% |
| Q4 25 BEAT FY | $4.24 | $4.76 | +12.26% | $8.81B | +0.30% |
| FY Full Year | $16.46 | $17.01 | +3.33% | $32.79B | +0.25% |
| Q3 25 BEAT | $4.31 | $4.38 | +1.52% | $8.60B | +0.82% |
| Q2 25 BEAT | $4.02 | $4.15 | +3.12% | $8.13B | +1.88% |
| Q1 25 BEAT | $3.56 | $3.73 | +4.80% | $7.25B | +1.79% |