MA · 10-Q · 2026Q1 · Full report

Geographic Revenue Shift

Mastercard Inc · 2026-04-30 · Importance 36 · Surprise 40

GDV growth was concentrated outside the U.S.: the United States posted GDV growth of 4% while Worldwide less United States grew 15% (USD basis). Cross-border growth and international spend were significant contributors to the stronger performance outside the U.S. The disparity between U.S. and ex-U.S. growth influenced overall net revenue composition and currency sensitivity. This geographic mix contributed to higher cross-border assessments and value-added service uptake internationally.