Mastercard Q2 2026: revenue up 14%, adjusted EPS $5.04
Mastercard beat the $4.91 consensus EPS estimate with $5.04 of adjusted earnings on $9.28 billion of revenue that grew 14%. Cross-border volume rose 12% and value-added services grew 20%, while $4.90 billion of buybacks more than offset a softer free cash flow number. The view is Bullish, with one caveat: incentives paid to customers are growing much faster than network revenue.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $4.97 and adjusted EPS was $5.04, up from $4.07 and $4.15 a year ago. The adjusted figure beat the $4.91 consensus estimate by about $0.13, or 2.7%, and net income came in at $4.39 billion. Operating margin expanded to 60.2% from 58.7%, so the beat came from the core business, not from one-off gains.
Net revenue was $9.28 billion, up from $8.13 billion a year ago — 14% as reported and 12% once currency swings are stripped out. Payment network revenue rose 10% to $5.45 billion, while value-added services and solutions rose 20% to $3.83 billion. That services block is now 41.2% of total revenue, which matters because it does not depend purely on card volume.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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