MA · 8-K · 20261029PR000122

Revenue Performance and Mix

Mastercard Inc · 2026-10-29 · Importance 54 · Surprise 40 · No source text

Third-quarter 2026 net revenue was $9.8 billion, up 14% year over year on both reported and currency-neutral bases, compared with $8.6 billion in Q3 2025. Payment network net revenue increased 11%, while value-added services and solutions net revenue increased 19%, each on reported and currency-neutral bases. Payment network growth included rebates and incentives that rose 18%, primarily reflecting key business drivers and new and renewed customer deals. Gross dollar volume was $3.0 trillion, up 7% locally; cross-border volume rose 11% and switched transactions increased 9%.

Key facts

• Q3 2026 net revenue was $9.8 billion, up 14% as reported and currency-neutral. source
• Year-to-date 2026 net revenue was $27.5 billion, up 15% as reported and 13% currency-neutral. source
• Year-to-date 2026 payment network rebates and incentives increased 21% as reported and 19% currency-neutral, primarily due to increased key drivers and new and renewed deals. source
• Year-to-date 2026 value-added services and solutions net revenue increased 20% as reported and 18% currency-neutral. source
• Q3 2026 payment network net revenue increased 11% as reported and currency-neutral. source
• Q3 2026 payment network rebates and incentives increased 18% as reported and currency-neutral, primarily due to increased key drivers and new and renewed deals. source
• Q3 2026 value-added services and solutions net revenue increased 19% as reported and currency-neutral. source
• Year-to-date 2026 payment network net revenue increased 11% as reported and 9% currency-neutral. source

Impact estimates