MA · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
Mastercard Inc · 2026-10-29 · Importance 54 · Surprise 40 · Matches filing data
For the three months ended September 30, 2026, net revenue increased 14% to $9.807 billion, while nine-month net revenue rose 15% to $27.482 billion (13% currency-neutral). Payment network revenue rose 11% to $5.749 billion for the quarter and 11% to $16.148 billion for the nine months; value-added services and solutions grew 19% to $4.058 billion and 20% to $11.334 billion, respectively. Payment network growth reflected higher domestic and cross-border dollar volumes, switched transactions and pricing; value-added services growth reflected underlying key drivers, demand across services and pricing. Rebates and incentives to customers increased 18% to $6.369 billion for the quarter and 21% to $18.005 billion for the nine months, primarily due to increased key drivers and new and renewed deals.
Key facts
- For the three months ended September 30, 2026, Mastercard net revenue was $9,807 million, up 14% from $8,602 million in the comparable 2025 period. source
- For the nine months ended September 30, 2026, Mastercard net revenue was $27,482 million, up 15% from $23,985 million in the comparable 2025 period. source
- Mastercard’s third-quarter 2026 net revenue increased 14% on both an as-reported and currency-neutral basis, driven by growth in payment network and value-added services and solutions. source
- Mastercard’s nine-month 2026 net revenue increased 15% as reported and 13% currency-neutral, driven by growth in payment network and value-added services and solutions. source
- Mastercard’s payment network revenue for the three months ended September 30, 2026 increased 11% on both an as-reported and currency-neutral basis. source
- Mastercard’s payment network revenue for the nine months ended September 30, 2026 increased 11% as reported and 9% currency-neutral. source
- Mastercard’s third-quarter 2026 payment network revenue growth was primarily driven by domestic and cross-border dollar-volume growth, more switched transactions, and pricing. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +35.7% | For the nine months ended September 30, 2026, Mastercard net revenue was $27,482 million, up 15% from $23,985 million in the comparable… |