MA · Earnings call · 2026Q3T · Full report

Rebates and Incentives Levels

Mastercard Inc · 2026-10-29 · Importance 42 · Surprise 24

Mastercard said rebates and incentives (R&I) are used to drive network volume and transactions, and described the contra-revenue item as reflecting deal momentum. Management said it has been disciplined in selecting deals, prioritizing those that support higher growth, cross-border flows, and services delivery. For Q4 2026, Mastercard expects rebates and incentives as a percentage of gross assessments to be higher than in Q3.

Key facts

• Mastercard expects rebates and incentives as a percentage of gross assessments to be higher in Q4 than in Q3.
• Mastercard does not provide guidance for 2026 rebates and incentives.
• Mastercard uses rebates and incentives to drive volume and transactions onto its network.
• Mastercard described rebates and incentives as an input to growth, while identifying net revenue growth and expansion of overall net revenue yield as its ultimate measures.