MA · Earnings call · 2026Q2T · Full report

Operating Income and Margins

Mastercard Inc · 2026-07-30 · Importance 48 · Surprise 40

Q2 operating income increased 14% year over year on a non-GAAP currency-neutral basis. The operating-income increase exceeded 10% revenue growth because operating-expense growth was 10%, including a disposition-related benefit. Adjusted net income rose 16% and EPS increased 19% to $5.04, with $0.14 of EPS contributed by share repurchases. Management attributed profitability growth primarily to strong operating-income performance.

Key facts

• Adjusted net income was up 16% year-over-year on a non-GAAP currency-neutral basis in Q2 2026.
• Operating income was up 14% year-over-year on a non-GAAP currency-neutral basis in Q2 2026.
• On a currency-neutral basis, net income increased 16% and EPS increased 19% year-over-year in Q2 2026, driven primarily by strong operating income growth.