MA · 8-K · 20261029PR000122

Income Tax Rate Changes

Mastercard Inc · 2026-10-29 · Importance 25 · Surprise 32

The Q3 2026 effective income tax rate was 19.4%, down 2.1 percentage points from 21.5% in Q3 2025. The adjusted effective tax rate declined 1.4 percentage points to 20.1% from 21.4%. Mastercard attributed the lower reported and adjusted rates to higher net discrete tax benefits and other tax impacts in 2026. Year-to-date, the reported rate fell 0.8 percentage points to 19.6%, and the adjusted rate fell 0.7 percentage points to 19.8%.

Key facts

• Q3 2026 effective income tax rate was 19.4%, versus 21.5% in Q3 2025. source
• Q3 2026 adjusted effective income tax rate was 20.1%, versus 21.4% in Q3 2025. source
• Year-to-date 2026 effective income tax rate was 19.6%, versus 20.4% for the comparable period in 2025. source
• Year-to-date 2026 adjusted effective income tax rate was 19.8%, versus 20.5% for the comparable period in 2025. source
• Q3 2026 reported and adjusted income tax rates were lower than the comparable 2025 period due to higher net discrete tax benefits and other tax impacts in 2026. source
• Year-to-date 2026 reported and adjusted income tax rates were lower than the comparable 2025 period due to higher net discrete tax benefits and other tax impacts in 2026. source