Mastercard reported second-quarter 2026 results with net revenue of $9.3 billion and net income of $4.4 billion, delivering diluted EPS of $4.97 and adjusted diluted EPS of $5.04. Revenue rose 14% year-over-year (12% currency-neutral) driven by payment network and value-added services growth. The company repurchased 9.8 million shares for $4.9 billion in the quarter and reported 3.7 billion Mastercard and Maestro-branded cards issued as of June 30, 2026.

Financial Highlights

  • Net revenue: $9.3 billion in Q2 2026 (up 14% reported, 12% currency-neutral versus Q2 2025).
  • Operating income: $5.6 billion in Q2 2026 (reported increase 17% versus Q2 2025).
  • Operating margin: 60.2% for Q2 2026 (up 1.5 percentage points versus Q2 2025).
  • Net income: $4.4 billion for Q2 2026 (up 19% reported, 16% currency-neutral versus Q2 2025); diluted EPS $4.97.
  • Adjusted results: Adjusted net income $4.5 billion and adjusted diluted EPS $5.04 for Q2 2026 (adjusted net revenue $9.3 billion; adjusted operating margin 61.1%).

Business Highlights

  • Payment network performance: Gross dollar volume rose 8% on a local currency basis to $2.9 trillion in the quarter; cross-border volume increased 12% (local currency) and switched transactions grew 9%.
  • Value-added services and solutions: Net revenue from value-added services increased 20% (18% currency-neutral), led by security, consumer acquisition and engagement, digital and authentication, and market insights and pricing.
  • Rebates and incentives: Payment network rebates and incentives increased 22% (20% currency-neutral), reflecting growth in key drivers and new/renewed partner deals.
  • Return of capital: Repurchased 9.8 million shares at a cost of $4.9 billion in Q2; paid $771 million in dividends during the quarter and had $7.8 billion remaining under repurchase authorizations as of July 27, 2026.
  • Scale and reach: As of June 30, 2026, customers had issued 3.7 billion Mastercard and Maestro-branded cards; noted new partnerships (e.g., Mexico, UAE) and product innovation including Agentic Payment capability.

Original SEC Filing:

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