MA · 10-Q · 2026Q1

Mastercard Inc

Filed 2026-04-30 · Other · View original filing on EDGAR

Everything MA's SEC filings said, ranked

Ranked Events

• Rebates and Incentives LevelsImportance 79 · Surprise 66
  Net revenue from the payment network included $5,639 million of rebates and incentives provided to customers, which increased 23% (19% currency-neutral) year-over-year. Mastercard attributes the increase primarily to…
• Products and TechnologyImportance 73 · Surprise 66
  Net revenue from value-added services and solutions increased 22% (18% currency-neutral) year-over-year, driven by security solutions, digital and authentication solutions, business and market insights, and consumer…
• General and Administrative ExpensesImportance 73 · Surprise 66
  General and administrative expense was $3,039 million in Q1 2026, up 20% year‑over‑year from $2,523 million (17% currency‑neutral), representing a $516 million increase. The increase included an $202 million…
• Litigation and Legal RiskImportance 71 · Surprise 82
  Mastercard recorded litigation-related special-item charges of $151 million ($102 million after tax, or $0.11 per diluted share) in the three months ended March 31, 2025, primarily from a change in estimate related to…
• Liquidity and Cash PositionImportance 71 · Surprise 48
  As of March 31, 2026 Mastercard had $8.2 billion of cash, cash equivalents and investments (down from $10.9 billion at December 31, 2025) and generated $3.0 billion of net cash from operating activities in Q1 2026. The…
• Operating Expense TrendsImportance 68 · Surprise 58
  Total GAAP operating expenses were $3,491 million for the three months ended March 31, 2026, up 13% versus $3,101 million a year earlier; adjusted operating expenses were $3,289 million, up 11% (9% currency‑neutral).…
• Capital Return ProgramImportance 64 · Surprise 42
  Mastercard repurchased 7.8 million shares of Class A common stock for $4.035 billion in the three months ended March 31, 2026 (average price $519.67) and paid $0.8 billion of dividends in the period. In December 2025…
• Market Demand TrendsImportance 59 · Surprise 48
  Gross Dollar Volume (GDV) on a U.S. dollar-converted basis grew 12% year-over-year for the quarter while GDV on a local currency basis grew 7%, reflecting materially higher card spend. Cross-border volume rose even…
• Provision for LitigationImportance 59 · Surprise 82
  There were no litigation charges recorded in the three months ended March 31, 2026, compared with $151 million of litigation charges recorded in the three months ended March 31, 2025 related to merchant opt-out claims…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Net cash provided by operating activities was $2,999 million in Q1 2026 versus $2,380 million in Q1 2025, an increase of $619 million primarily due to higher net income after adjusting for non‑cash items, partially…
• Outstanding IndebtednessImportance 56 · Surprise 24
  Total debt outstanding was $19.0 billion at both March 31, 2026 and December 31, 2025, with the earliest scheduled maturity being $750 million in November 2026. Mastercard maintains a Commercial Paper Program…
• FX / Currency HeadwindsImportance 54 · Surprise 40
  Mastercard reports meaningful foreign exchange impacts across revenues, expenses and key metrics: GDV grew 12% on a U.S. dollar-converted basis versus 7% on a local currency basis for the three months ended March 31,…
• Gross Margin DriversImportance 54 · Surprise 40
  Operating margin was 58.4% for the three months ended March 31, 2026, up 1.2 percentage points versus 57.2% a year earlier; adjusted operating margin was 60.8%, up 1.5 percentage points. Operating income was $4,907…
• Revenue Performance and MixImportance 54 · Surprise 40
  Net revenue was $8,398 million for the three months ended March 31, 2026, up 16% year-over-year (from $7,250 million), or up 12% on a currency‑neutral basis. Payment network revenue was $4,948 million, up 12%…
• Gains and Losses on Equity InvestmentsImportance 53 · Surprise 82
  The company recorded net losses on equity investments of $66 million in the quarter versus $29 million in the prior-year quarter, driven primarily by unrealized fair market value adjustments on marketable and…
• Other income (expense) - Equity Investment LossesImportance 53 · Surprise 82
  Mastercard recorded net losses on equity investments of $66 million in Q1 2026 ($63 million after tax, $0.07 per diluted share) versus net losses of $29 million in Q1 2025 ($25 million after tax, $0.03 per diluted…
• Restructuring Charge / Strategic InitiativeImportance 46 · Surprise 42
  Mastercard recorded a restructuring charge of $202 million ($158 million after tax, or $0.18 per diluted share) in Q1 2026 as a Special Item. The company says the savings from the restructuring are primarily intended…
• Headcount / RestructuringImportance 46 · Surprise 42
  In the three months ended March 31, 2026, Mastercard recorded a restructuring charge of $202 million ($158 million after tax), equal to $0.18 per diluted share. The restructuring charge was recorded in general and…
• Geographic Revenue ShiftImportance 36 · Surprise 40
  GDV growth was concentrated outside the U.S.: the United States posted GDV growth of 4% while Worldwide less United States grew 15% (USD basis). Cross-border growth and international spend were significant contributors…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The GAAP effective income tax rate was 19.3% for Q1 2026 versus 18.6% in Q1 2025, an increase of 0.7 percentage points primarily due to lower net discrete tax benefits in 2026. The adjusted effective income tax rate…

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