MA · 10-Q · 2026Q3

Mastercard Inc

Filed 2026-10-29 · Other · View original filing on EDGAR

Ranked Events

• Outstanding IndebtednessImportance 79 · Surprise 66
  Total debt outstanding increased to $23.9 billion at September 30, 2026 from $19.0 billion at December 31, 2025. Mastercard issued $5.0 billion principal amount of notes in June 2026 and received $4.978 billion in net…
• Litigation and Legal RiskImportance 71 · Surprise 82
  For the nine months ended September 30, 2026, Mastercard recorded $156 million in litigation charges, primarily for settlements with merchants opting out of the U.S. merchant class litigation and a legal provision for…
• Value-Added Services GrowthImportance 54 · Surprise 40
  Revenue from value-added services and solutions increased 19% in the third quarter and 20% in the first nine months of 2026, or 18% on a currency-neutral basis for the nine-month period. Mastercard attributed the…
• Operating Expense TrendsImportance 54 · Surprise 40
  Operating expenses increased 11% to $3.945 billion in the third quarter and 11% to $11.126 billion in the first nine months of 2026; adjusted expenses increased 12% and 11%, respectively. General and administrative…
• Operating Income and MarginsImportance 54 · Surprise 40
  For the three months ended September 30, 2026, operating income increased 16% to $5.862 billion and operating margin rose 0.9 percentage points to 59.8%. For the nine months, operating income increased 17% to $16.356…
• Revenue Performance and MixImportance 54 · Surprise 40
  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…
• Capital Return ProgramImportance 50 · Surprise 24
  During the first nine months of 2026, Mastercard repurchased 22.9 million Class A shares for $11.893 billion, at an average price of $520.64 per share. The company paid $2.3 billion in dividends during the same period.…
• Liquidity and Cash PositionImportance 42 · Surprise 14
  At September 30, 2026, Mastercard held $10.5 billion in cash, cash equivalents and investments, compared with $10.9 billion at December 31, 2025. It had $8.0 billion available under its revolving credit facility at…
• Customer Deals and RenewalsImportance 35 · Surprise 48
  Mastercard said new and renewed customer deals contributed to higher rebates and incentives, alongside growth in its key drivers. Rebates and incentives increased 18% in the third quarter and 21% in the first nine…
• Restructuring Charge / Strategic InitiativeImportance 34 · Surprise 42
  Mastercard recorded a $202 million restructuring charge in the nine months ended September 30, 2026, equal to $158 million after tax and $0.18 per diluted share. The charge was included in general and administrative…
• Cross-Border Volume GrowthImportance 30 · Surprise 40
  Cross-border volume grew 11% in local currency in the three months ended September 30, 2026, and 15% in the nine months ended September 30, 2026. The corresponding U.S. dollar growth rates were 10% and 15%. The…
• Payment Network Volume TrendsImportance 25 · Surprise 32
  For the three months ended September 30, 2026, Mastercard-branded gross dollar volume (GDV) grew 7% in local currency, with growth of 6% in the United States and 8% worldwide less the United States. For the nine…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective income tax rate was 19.4% for the third quarter of 2026, down 2.1 percentage points from 21.5% in the comparable 2025 quarter. For the first nine months, the rate declined 0.8 percentage points to 19.6%…

Revenue by Product (in millions)

Revenue by Geography (in millions)