MA · Earnings call · 2026Q2T · Full report

Rebates and Incentives Levels

Mastercard Inc · 2026-07-30 · Importance 32 · Surprise 24

Second-quarter rebates and incentives were in line with Mastercard’s expectations. For the third quarter, rebates and incentives as a percentage of payment network assessments are expected to be slightly higher than in the second quarter. Management attributed the difficulty of forecasting the ratio to deal timing and performance, while citing a rich pipeline that Mastercard is executing against.

Key facts

• For Q3, Mastercard expects rebates and incentives as a percentage of payment network assessments to be slightly higher than in Q2.
• Mastercard says the timing and magnitude of rebates and incentives is hard to predict because it is largely based on timing of deals and deal performance.
• Mastercard stated growth in payment network net revenue includes growth in rebates and incentives.
• Mastercard's rebates and incentives in Q2 came in pretty much in line with expectations.