EarningsQ2 2026 Earnings Report
MX:MA Q2 2026 EPS Results
Actual EPS$85.45
Consensus EPS$80.86
Beat/MissBeat by +$4.59
One Year Ago EPS$70.36
MX:MA Q2 2026 Revenue Results
Actual Revenue$157.29B
Expected Revenue$153.86B
Beat/MissBeat by +$3.42B
YoY Revenue Growth+13.79%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:MA Upcoming Earnings
Mastercard's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive performance: strong top-line growth, healthy margin expansion, robust value-added services momentum, multiple commercial wins, meaningful security/fraud-prevention outcomes and continued innovation in areas like Agentic Commerce, stablecoins and machine-to-machine payments. Offsetting items are manageable near-term headwinds — rising operating expenses, modest FX/inorganic impacts, higher rebates/incentives in Q3, interest-related other expense and regional episodic impacts from geopolitical tensions (Middle East) and lapping in Europe. Overall, the positives (durable growth drivers, product/service expansion, and strategic deals/acquisitions) materially outweigh the moderate operational and macro headwinds.Company Guidance
Strong Top-Line and Profit Growth
Net revenue up 12% (non-GAAP, currency-neutral); adjusted net income up 16%; EPS $5.04, up 19% year-over-year. Operating income increased 14% and payments-network net revenue increased 8%.
Value-Added Services Momentum
Value-added services and solutions net revenue increased 18% year-over-year; ~60% of VAS net revenue is network-linked, supporting expanding yields and service attachment to transactions.
Payments Volume and Network Adoption
Worldwide gross dollar volume (GDV) +8% YoY (U.S. +6%; ex-Capital One migration U.S. debit would be +8%); outside U.S. GDV +9%. Switched transactions +9%, card growth +5% and global card base at 3.7 billion.
Cross-Border and Tokenization Growth
Cross-border volume increased 12% year-over-year. Contactless penetration reached 80% of in-person switched purchases (+5 ppt YoY) and token penetration exceeded 40% of switched transactions.
Major Commercial and Issuing Wins
Added over 230 million net new Mastercards in the past 12 months. Key renewals and flips include JPMorgan Chase (Chase Freedom Flex), Banamex (exclusivity ~19M cards), Revolut expansions, Eurobank and multiple U.S. credit/debit flips; new co-brands (Uber, Hilton Mexico) and exclusive Riyadh Air partnership.
Security and Fraud Prevention Achievements
Recorded Future integration and launch of Mastercard Threat Intelligence identified >7 million card-testing transactions across 192 countries and prevented an estimated $172 million in fraud. Launched Merchant Trust Services and expanded security partnerships (e.g., Wipro).
Strategic Innovation and New Market Initiatives
Progress on Agentic Commerce and machine-to-machine payments with Mastercard Agent Pay for machines (launch partners >30). Crypto/stablecoin activity: crypto co-brand volume >3x in 2 years, expanded relationships with Bitget and Kraken, Open USD initiative (going live later this year), and expected close of BVNK acquisition in Q3 to enable digital asset interoperability.
Capital Allocation and Shareholder Return
Aggressive buybacks: $4.9 billion repurchased during the quarter and approximately $700 million additional repurchases through July 27, 2026, contributing $0.14 to EPS in the quarter.
MX:MA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed