Companies /Financial Services

Mastercard Incorporated - Class A

NYSE: MA Credit Services
$585.71
▼ $2.43 (−0.41%) today
Markets closed · 5:05am ET

Q4 2025 Earnings

Reported Jan 29, 2026, 8:03am ET · SEC source
$4.76
Beat +12.26%
EPS · est. $4.24
$8.8B
Beat +0.30%
Revenue · est. $8.8B
−1.6%
Trailing market
MA vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Jan 29Jan 30report 8:03am ETearnings−0.7%+2.2%
0+2%Jan 29Jan 30earnings−0.7%+2.2%
MA +2.2%S&P 500 −0.7%
−2%0+2%Jan 29Jan 30report 8:03am ETearnings−1.6%+2.2%
−2%0+2%Jan 29Jan 30earnings−1.6%+2.2%
MA +2.2%NASDAQ −1.6%
−3%0+3%Jan 28Feb 6report 8:03am ETearnings−1.8%+3.0%
−3%0+3%Jan 28Feb 6earnings−1.8%+3.0%
MA +3.0%S&P 500 −1.8%
−4%0+4%Jan 28Feb 6report 8:03am ETearnings−5.0%+3.0%
−4%0+4%Jan 28Feb 6earnings−5.0%+3.0%
MA +3.0%NASDAQ −5.0%
+4.29%
Day of report
−0.91%
Next session
+1.50%
One week
−3.57%
30 days

S&P 500 over the same 30 days: −1.98%.

Did MA Beat Earnings? Q4 2025 Results

Mastercard closed out 2025 on a high note, posting a blowout fourth quarter that exceeded Wall Street's expectations on both the top and bottom lines. Adjusted diluted EPS came in at $4.76, well ahead of the $4.24 consensus estimate — a 12.26% beat — while net revenue climbed 17.6% year-over-year to $8.81 billion, edging past the $8.72 billion analysts had anticipated. The standout driver behind the quarter's strength was value-added services and solutions, where net revenue surged 26%, fueled by digital authentication, security products, and consumer engagement offerings that have become an increasingly significant part of Mastercard's mix. Cross-border volume growth of 14% and switched transactions growth of 10% underscored that the core payment network remains healthy, with CEO Michael Miebach pointing to the Apple Card win and a supportive macroeconomic backdrop as further tailwinds. With $16.70 billion remaining under buyback authorization and management striking an optimistic tone about 2026, Mastercard appears well-positioned to sustain its momentum heading into the new year.

Key Takeaways
  • Gross dollar volume growth of 7% on a local currency basis to $2.8 trillion in Q4
  • Cross-border volume growth of 14% on a local currency basis in Q4
  • Switched transactions growth of 10% in Q4
  • Value-added services and solutions net revenue increased 26% (22% currency-neutral) in Q4
  • Digital and authentication solutions growth
  • Security solutions growth
  • Consumer acquisition and engagement services growth
  • Business and market insights growth
  • Apple Card program win
  • New and renewed customer deals driving rebates and incentives

“2025 was another strong year for Mastercard, with net revenue up 16% year-over-year or 15% on a currency-neutral basis. We're executing and winning with programs like the Apple Card and robust growth in value-added services and solutions at 23%, or 21% currency-neutral. The overall macroeconomic environment is supportive and we continue to see healthy consumer and business spending. That, together with trusted technology, constant innovation, and deep partnerships, powers our performance. Focused, agile, and diversified, we're well positioned for the opportunities ahead in 2026.”

Mastercard CEO, on the earnings call

Forward Guidance & Outlook

CEO Michael Miebach expressed optimism about 2026, noting the company is 'focused, agile, and diversified' and 'well positioned for the opportunities ahead in 2026.' The macroeconomic environment was described as supportive with healthy consumer and business spending continuing.

MA YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$3.0B$6.0B$9.0B$7.5B$8.8BRevenue$3.9B$4.9BOperating Income$3.3B$4.1BNet Income
$0$3.0B$6.0B$9.0BRevenueOperating IncomeNet Income

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