MA · 8-K · 20261029PR000122

Market Demand Trends

Mastercard Inc · 2026-10-29 · Importance 37 · Surprise 32

In Q3 2026, Mastercard gross dollar volume increased 7% on a local-currency basis to $3.0 trillion, purchase volume rose 9%, and switched transactions grew 9% year over year. Cross-border volume increased 11% on a local-currency basis. Year-to-date, gross dollar volume rose 7% to $8.5 trillion, cross-border volume grew 12%, and switched transactions increased 9%.

Key facts

• Q3 2026 cross-border volume grew 11% on a local currency basis. source
• Year-to-date 2026 cross-border volume grew 12% on a local currency basis. source
• Q3 2026 gross dollar volume grew 7% on a local currency basis to $3.0 trillion. source
• Q3 2026 switched transactions grew 9%. source
• Year-to-date 2026 gross dollar volume grew 7% on a local currency basis to $8.5 trillion. source
• Year-to-date 2026 switched transactions grew 9%. source
• As of September 30, 2026, Mastercard customers had issued 3.8 billion Mastercard- and Maestro-branded cards. source
• Q3 2026 value-added services and solutions growth was driven primarily by underlying key drivers, strong demand across several services, and pricing, with a minimal decrease from acquisitions and dispositions. source