Mastercard (MA) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Mastercard published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Mastercard reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Mastercard reports net revenue, after rebates and incentives provided to customers. Payment network net revenue included $6,369 million of them in Q3 2026.
• Mastercard acquired BVNK, a provider of stablecoin infrastructure, on August 3, 2026 for $1.4 billion in cash.

Source: Mastercard Q3 2026 results (Form 8-K, Exhibit 99.1), October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Mastercard splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Mastercard's Payment network revenue was $5.7 billion in Q3 2026, up 11% from $5.2 billion in Q3 2025, 59% of total revenue.
• Mastercard's Value-added services and solutions revenue was $4.1 billion in Q3 2026, up 19% from $3.4 billion in Q3 2025, 41% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenue and diluted EPS, each as first reported in that quarter's release.

Mastercard's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Mastercard reports its net revenue in two categories. In Q3 2026 payment network net revenue was $5,749 million, up 11%, and value-added services and solutions $4,058 million, up 19%, for a total of $9,807 million. (Mastercard Form 10-Q, Q3 2026, Oct 29, 2026)

Mastercard said payment network growth came from domestic and cross-border dollar volumes, more switched transactions and pricing. Gross dollar volume rose 7% on a local currency basis to $3.0 trillion, cross-border volume 11% and switched transactions 9%. Payment network net revenue is stated after $6,369 million of rebates and incentives to customers, which rose 18% on higher volumes and new and renewed deals. (Mastercard Q3 2026 release, Oct 29, 2026; Mastercard Form 10-Q, Q3 2026, Oct 29, 2026)

Mastercard's value-added services and solutions include security solutions, consumer acquisition and engagement services, business and market insights, digital and authentication solutions, processing and gateway, account-based payments and open finance. Mastercard put their 19% growth down to its underlying key drivers, demand across several of its services and pricing. (Mastercard Form 10-K, 2025, Feb 11, 2026; Mastercard Form 10-Q, Q3 2026, Oct 29, 2026)

Mastercard's Americas region produced $4,190 million of net revenue in the quarter and Asia Pacific, Europe, Middle East and Africa $5,617 million. Revenue is concentrated: in 2025 Mastercard's five largest customers generated about $6.9 billion, or 21%, of net revenue. Customers had issued 3.8 billion Mastercard and Maestro-branded cards as of September 30, 2026. (Mastercard Form 10-Q, Q3 2026, Oct 29, 2026; Mastercard Form 10-K, 2025, Feb 11, 2026; Mastercard Q3 2026 release, Oct 29, 2026)

Mastercard's GAAP diluted EPS was $5.28 in Q3 2026 and its adjusted diluted EPS $5.31. The adjusted figures exclude gains and losses on equity investments (a $5 million net pre-tax loss in the quarter) and special items, here $74 million of pre-tax litigation charges, primarily settlements with merchants who opted out of the U.S. merchant class litigation. (Mastercard Q3 2026 release, Oct 29, 2026)

Mastercard's effective tax rate fell to 19.4% from 21.5%, which it attributed to higher net discrete tax benefits. Diluted shares fell to 876 million from 905 million: Mastercard repurchased 5.3 million shares for $3.0 billion in the quarter and paid $763 million in dividends, and had $4.9 billion left under approved repurchase programs after further buying through October 26. (Mastercard Q3 2026 release, Oct 29, 2026)

Mastercard's adjusted results for the first nine months of 2026 also exclude a $202 million restructuring charge recorded in the first quarter, worth $0.18 per diluted share. (Mastercard Form 10-Q, Q3 2026, Oct 29, 2026; Mastercard Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Mastercard does not publish an outlook in its earnings release. The Q3 2026 release reports results for the quarter and the first nine months, and points to the conference call and presentation slides on the Investor Relations section of its website. (Mastercard Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Mastercard, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Mastercard's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MA is on is MA a buy or a sell?, what analysts expect next is on the MA forecast, and what the company does is on the Mastercard (MA) stock page.

Every number on this page can be traced to a document Mastercard published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.