You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
MasterCard said value-added services now generate 40% of revenue and are growing in the high teens; 85% of the business is recurring, while more than a third of service capabilities already have AI embedded.
MasterCard said it stops tens of billions of dollars in fraud attempts daily, reports fraud-detection gains of up to 300%, and sees agentic commerce as an additive revenue opportunity supported by secure tokens and verifiable intent.
MasterCard reported Q3 2026 net revenue growth of 14% and net income growth of 18%; EPS was $5.31. For full-year 2026, net revenue growth is expected at the high end of the low double digits range.
For the nine months ended September 30, 2026, Mastercard reported net revenue growth of 15% and adjusted net income growth of 19%. Operating cash flow fell to $11,859 million from $12,646 million.
Mastercard reported third quarter 2026 net revenue of $9.8 billion, up 14%, net income of $4.6 billion and diluted EPS of $5.28. Gross dollar volume grew 7% and purchase volume rose 9% on a local currency basis.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Mastercard delivered 14% Q3 net revenue growth, 18% adjusted net-income growth, 21% adjusted EPS growth and 0.7 ppt adjusted operating-margin expansion, with broad payment and services growth, capital returns and continued full-year revenue guidance; it also expanded its agentic-commerce and stablecoin positioning. Q4 faces an offset from services timing, higher rebates and incentives, higher operating expenses, an approximately 1 ppt foreign-exchange revenue headwind, intra-Europe cross-border pressure, geopolitical uncertainty and approximately $115 million of other expense.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
“Agentic” came up on 20.3% of S&P 500 earnings calls held from July to September 2026, up from 0.2% in early 2024, while “generative AI” fell from 16.8% to 5.6%. Anthropic is now named on nearly as many calls as OpenAI, and DeepSeek, the AI developer named on the most calls in early 2025, has all but disappeared.
Record originations across every lending product, 1,055,000 net new members, and a 22 basis-point NIM expansion to 5.94% sit beneath a 37.8x P/E and 14.7% short interest that price SoFi Technologies as if the bear case on capital deployment has already landed.
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted effective income tax rate non-GAAP | 20.1% | Q3 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Effective income tax rate 19.4%
+0.5% (Gains) losses on equity investments
+0.2% Litigation provisions
= Adjusted effective income tax rate 20.1%
|
|||
| Adjusted operating expenses non-GAAP | 3.9B | Q3 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating expenses 3.95B
-74M Litigation provisions
= Adjusted operating expenses 3.87B
|
|||
| Adjusted operating margin non-GAAP | 60.5% | Q3 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Operating margin 59.8%
+0.8% Litigation provisions
= Adjusted operating margin 60.5%
|
|||
| adjusted other income (expense) non-GAAP | -115M | Three Months Ended September 30, 2026 | — |
| Cards (Mil.) | 3,539 | Nine Months Ended September 30, 2026 | — |
|
|
|||
| Cash Trans. (Mil.) | 8,678 | Nine Months Ended September 30, 2026 | — |
|
|
|||
| Cash Volume (Bil.) | 1,385 | Nine Months Ended September 30, 2026 | — |
| Cash Volume (Bil.) - Worldwide | 469 | Three Months Ended September 30, 2026 | — |
|
|
|||
| Cash Volume (Bil.) Growth (Local) | 0.4% | Three Months Ended September 30, 2026 | — |
| Cross-border volume | 11% | Q3 2026 | — |
|
|
|||
| GDV (Bil.) | 8,523 | Nine Months Ended September 30, 2026 | — |
| GDV (Bil.) - Worldwide | 2,952 | Three Months Ended September 30, 2026 | — |
|
|
|||
| GDV (Bil.) Growth (Local) | 7.5% | Three Months Ended September 30, 2026 | — |
| GDV (Bil.) Growth (USD) | 7.2% | Three Months Ended September 30, 2026 | — |
| Growth (Local) | 7.5% | Nine Months Ended September 30, 2026 | — |
| Growth (USD) | 9.1% | Nine Months Ended September 30, 2026 | — |
| Mastercard and Maestro-branded cards | 3.8B | As of September 30, 2026 | — |
| Payment network rebates and incentives | 18% | Q3 2026 | — |
| Purchase Trans. (Mil.) | 168,867 | Nine Months Ended September 30, 2026 | — |
|
|
|||
| Purchase Trans. (Mil.) Growth | 9.3% | Three Months Ended September 30, 2026 | — |
| Purchase Trans. Growth | 9% | Nine Months Ended September 30, 2026 | — |
| Purchase volume | 9% | Q3 2026 | — |
| Purchase Volume (Bil.) | 7,138 | Nine Months Ended September 30, 2026 | — |
| Purchase Volume (Bil.) - Worldwide | 2,483 | Three Months Ended September 30, 2026 | — |
|
|
|||
| Purchase Volume (Bil.) Growth (Local) | 8.9% | Three Months Ended September 30, 2026 | — |
| Switched transactions | 9% | Q3 2026 | — |
|
|
|||
| Cross-border assessments | $3.46B | Three Months Ended June 30, 2026 filing | — |
| Domestic assessments | $3.15B | Three Months Ended June 30, 2026 filing | — |
| Effective income tax rate | 20% | Three Months Ended June 30, 2026 filing | — |
| Gross dollar volume | 2.9T | Q2 2026 | — |
| Mastercard-branded GDV growth | 8% | Three Months Ended June 30, 2026 filing | — |
| Other network assessments | $326M | Three Months Ended June 30, 2026 filing | — |
| Switched transactions growth | 9% | Three Months Ended June 30, 2026 filing | — |
| Transaction processing assessments | $4.51B | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MA
this stock
Mastercard Inc
|
$576.01B | +15.8% | +16.4% | 34.6 | 0.8% |
|
V
Visa Inc.
|
$765.01B | +21.4% | -4.9% | — | 1.2% |
|
AXP
American Express Co
|
$214.98B | -13.3% | +13.4% | 18.1 | 1.6% |
|
COF
Capital One Financial Corp
|
$117.35B | -19.5% | +36.6% | 11.1 | 1.2% |
|
PYPL
PayPal Holdings, Inc.
|
$49.24B | +1.5% | +4.3% | 11.3 | 3.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
MasterCard said value-added services now generate 40% of revenue and are growing in the high teens; 85% of the business is recurring, while more than a third of service capabilities already have AI embedded.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MA | +1.3% | +7.1% | +34.1% | +3.6% | +15.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.3% | +8.3% | +33.6% | +3.8% | +5.2% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
