Companies · MA
Mastercard
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Latest analysis
Updated Oct 29, 2026
Mastercard Q3 2026: 14% revenue growth and 18% net income growth driven by broad-based VAS momentum and accelerating agentic commerce infrastructure buildout.
Mastercard delivered Q3 2026 net revenue growth of 14% and net income growth of 18% year-over-year on a currency-neutral, non-GAAP basis, with value-added services and solutions growing 19% — ahead of expectations due to timing pull-forward of services projects and deal signings from Q4. The quarter's most strategically significant development is Mastercard's emergence as the infrastructure layer for agentic commerce, evidenced by the OpenAI partnership and Agent Pay deployments through Shopify, alongside the post-close integration of BVNK and launch of the Global Money Platform connecting stablecoin and fiat rails. Full-year 2026 net revenue guidance is maintained at the high end of low double digits on a currency-neutral basis, with Q4 expected to reflect a revenue timing offset from Q3 pull-forward.
Tone: bullishRevenue
$32.8B
MA 10-K · FY 2025
Employees
39,800
Revenue growth YoY
+16%
Founded
1966
Profile
MA 10-K Item 1 · Feb 11, 2026Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments and other organizations worldwide by enabling electronic payments. The company operates a proprietary global payments network that authorizes, clears and settles transactions, while also providing value-added services including security solutions, data analytics, digital authentication and open finance. Its business spans consumer payments, commercial and new payment flows, and an expanding services and solutions portfolio.
Read filing description ↓ Collapse description ↑
Mastercard is a technology company in the global payments industry. We connect consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide by enabling electronic payments and making those payment transactions secure, simple, smart and accessible. We make payments easier and more efficient by providing a wide range of payment solutions and services using our family of well-known and trusted brands, including our primary brand Mastercard, as well as our Maestro and Cirrus brands. We operate a payments network that provides choice and flexibility for consumers, merchants and our customers. Through our unique and proprietary global payments network, we switch (authorize, clear and settle) payment transactions. We have additional payments capabilities that include automated clearing house ('ACH') transactions (both batch and real-time account-based payments). Using these capabilities, we offer consumer and commercial payment products, capture new payment flows and provide services and solutions. These services and solutions include, among others, security solutions, consumer acquisition and engagement services, business and market insights, digital and authentication, processing and gateway and other solutions, all of which draw on our principled and responsible use of secure data. Our capabilities strengthen, reinforce and complement each other and are fundamentally interdependent. For our global payments network, our franchise model sets the standards and ground-rules that balance value and risk across (and allow for interoperability among) all stakeholders. We employ a multi-layered approach to help protect the global payments ecosystem in which we operate.
Primary products
- Mastercard payment network (switching/authorization/clearing/settlement)
- Maestro
- Cirrus
- Mastercard Move
- Mastercard One Credential
- Mastercard Digital First
Business segments
End markets
Geographies
Named customers
Named competitors
“We play a valuable role as a trusted intermediary in a complex system, creating value for individual stakeholders and the payments ecosystem overall.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net revenue grew 16% year-over-year on a GAAP basis, with both payment network and value-added services and solutions contributing to the increase; currency-neutral growth was 15%.
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