MA · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

Mastercard Inc · 2026-07-30 · Importance 54 · Surprise 40 · No source text

Six-month net revenue increased 15% year over year to $17.675 billion, or 12% on a currency-neutral basis, driven by growth in the payment network and value-added services and solutions. Payment-network revenue rose 11% to $10.399 billion, while value-added services and solutions revenue increased 21% to $7.276 billion, producing a mix shift toward the faster-growing services business. Six-month payment-network growth reflected domestic and cross-border dollar-volume expansion and more switched transactions, while rebates and incentives increased 22% to $11.636 billion. Cross-border assessments increased 22% as reported and 19% currency-neutral, and switched transactions grew 9% in U.S. dollars and 10% in local currency.

Key facts

• Three months ended June 30, 2026 value-added services and solutions revenue: $3,826 million, up 20% versus comparable period in 2025 source
• For the three months ended June 30, 2026 cross-border assessments: $3,460 million, up 21% (20% currency-neutral) source
• Value-added services and solutions revenue increased 21% for the six months ended June 30, 2026, or 18% on a currency-neutral basis source
• For the three months ended June 30, 2026 adjusted net income: $4,453 million, up 18% (16% currency-neutral); adjusted diluted EPS $5.04, up 21% (19% currency-neutral) source
• Three months ended June 30, 2026 net revenue: $9,277 million, up 14% versus comparable period in 2025 source
• Six months ended June 30, 2026 net revenue: $17,675 million, up 15% versus comparable period in 2025 source
• Transaction processing assessments for three months ended June 30, 2026: $4,508 million, up 14% (12% currency-neutral) source
• Three months ended June 30, 2026 payment network revenue: $5,451 million, up 10% versus comparable period in 2025 source

Impact estimates