MA · 8-K · 20260430PR000029
Payment Network Volume Trends
Mastercard Inc · 2026-04-30 · Importance 65 · Surprise 48 · In source text
Payment network net revenue increased 12% (8% currency-neutral) in Q1 2026 versus Q1 2025. Gross dollar volume (GDV) grew to $2.7 trillion, an increase of 7% on a local currency basis, while cross-border volume grew 13% (local currency) and switched transactions grew 9% (local currency). The company also reported that payment network rebates and incentives increased 23% (19% currency-neutral) primarily due to higher key drivers and new/renewed deals. These transaction and cross-border trends underpin the payment-network revenue growth and the rise in customer rebates/incentives noted by management.
Key facts
- Mastercard worldwide GDV for three months ended March 31, 2026: $2,703 billion (i.e., $2.703 trillion) with USD growth 11.5% and local growth 7.3% source
- Worldwide purchase volume for Q1 2026: $2,251 billion with local currency purchase volume growth of 8.9% source
- Purchase transactions worldwide for Q1 2026: 52,332 million source
- Gross dollar volume growth: up 7% (local currency basis) to $2.7 trillion source
- Switched transactions growth: up 9% (local currency basis) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Gross dollar volume growth: up 7% (local currency basis) to $2.7 trillion |
| revenue | positive | realized | — | Switched transactions growth: up 9% (local currency basis) |