MA · 10-Q · 2026Q2 · Full report

Operating Expense Trends

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

Six-month operating expenses increased 11% to $7.181 billion, while adjusted operating expenses increased 11% to $6.897 billion, or 9% currency-neutral. General and administrative expense rose 16% to $6.121 billion, driven by personnel, data-processing, strategic-initiative investment, customer marketing fulfillment, and foreign-exchange remeasurement losses. Personnel expense increased 13% to $3.984 billion, and data processing and telecommunications expense increased 19%; depreciation and amortization rose 9% because of higher capitalized software amortization. Litigation provisions declined 67% year over year to $82 million, partially offsetting higher operating costs.

Key facts

• Six months ended June 30, 2026 operating expenses: $7,181 million, up 11% versus comparable period in 2025 source
• Six months ended June 30, 2026 general and administrative expenses: $6,121 million, up 16% versus comparable period in 2025 source
• Three months ended June 30, 2026 operating expenses: $3,690 million, up 10% versus comparable period in 2025 source
• Three months ended June 30, 2026 adjusted operating expenses: $3,608 million, up 11% versus comparable period in 2025 source
• Six months ended June 30, 2026 adjusted operating expenses: $6,897 million, up 11% versus comparable period in 2025 source
• Three months ended June 30, 2026 general and administrative expenses: $3,082 million, up 11% versus comparable period in 2025 source
• Personnel expense for three months ended June 30, 2026: $1,947 million, up 5% versus comparable period in 2025 source
• Depreciation and amortization increased 10% for the three months ended June 30, 2026 versus comparable period in 2025 source

Impact estimates