Earnings summaries and quarterly performance for Mastercard.
Executive leadership at Mastercard.
Michael Miebach
Detailed
President and Chief Executive Officer
CEO
AS
Ari Sarker
Detailed
President, Asia Pacific
CV
Craig Vosburg
Detailed
Chief Services Officer
EM
Edward McLaughlin
Detailed
President & Chief Technology Officer, Mastercard Technology
GM
George Maddaloni
Detailed
Chief Technology Officer, Operations
GU
Greg Ulrich
Detailed
Chief AI and Data Officer
JL
Jorn Lambert
Detailed
Chief Product Officer
KG
Karen Griffin
Detailed
Chief Risk Officer
KM
Ken Moore
Detailed
Chief Innovation Officer
LK
Linda Kirkpatrick
Detailed
President, Americas
LH
Ling Hai
Detailed
President, Asia Pacific, Europe, Middle East & Africa
MB
Mark Barnett
Detailed
President, Europe
ML
Michael Lashlee
Detailed
Chief Security Officer
RS
Raj Seshadri
Detailed
Chief Commercial Payments Officer
RR
Raja Rajamannar
Detailed
Chief Marketing & Communications Officer
RV
Richard Verma
Detailed
Chief Administrative Officer
SM
Sachin Mehra
Detailed
Chief Financial Officer
SM
Susan Muigai
Detailed
Chief People Officer
TH
Tiffany Hall
Detailed
General Counsel
TM
Timothy Murphy
Detailed
Vice Chair
Board of directors at Mastercard.
CB
Candido Bracher
Detailed
Director
CP
Choon Phong Goh
Detailed
Director
GS
Gabrielle Sulzberger
Detailed
Director
HT
Harit Talwar
Detailed
Director
JG
Julius Genachowski
Detailed
Director
LU
Lance Uggla
Detailed
Director
ME
Merit E. Janow
Detailed
Board Chair
OM
Oki Matsumoto
Detailed
Director
RK
Richard K. Davis
Detailed
Director
RQ
Rima Qureshi
Detailed
Director
YM
Youngme Moon
Detailed
Director
Research analysts who have asked questions during Mastercard earnings calls.
DP
Darrin Peller
Wolfe Research, LLC
6 questions for MA
Also covers: ACN, ADYYF, AVDX +24 more
HR
Harshita Rawat
AllianceBernstein
6 questions for MA
Also covers: ADYYF, FI, PYPL +3 more
SS
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
6 questions for MA
Also covers: ALLY, AVDX, AXP +17 more
TH
Tien-tsin Huang
JPMorgan Chase & Co.
6 questions for MA
Also covers: ACN, ADP, ALIT +23 more
TC
Timothy Chiodo
UBS Group AG
5 questions for MA
Also covers: AFRM, AVDX, CHYM +16 more
BK
Bryan Keane
Deutsche Bank
4 questions for MA
Also covers: ACN, ADP, AVDX +15 more
Trevor Williams
Jefferies LLC
4 questions for MA
Also covers: ACIW, CPAY, FIS +8 more
AS
Andrew Schmidt
Citigroup Inc.
3 questions for MA
Also covers: ALKT, BILL, CWAN +15 more
BB
Bryan Bergin
TD Cowen
3 questions for MA
Also covers: ACN, ADP, ASUR +17 more
Craig Maurer
FT Partners
3 questions for MA
Also covers: AVDX, AXP, MELI +3 more
JF
James Faucette
Morgan Stanley
3 questions for MA
Also covers: ACN, ADP, AFRM +24 more
Rayna Kumar
Oppenheimer & Co. Inc.
3 questions for MA
Also covers: EEFT, EFX, FIS +9 more
DK
David Koning
Robert W. Baird & Co.
2 questions for MA
Also covers: ACN, AVDX, CNXC +16 more
Fahed Kunwar
Redburn Atlantic
2 questions for MA
Also covers: NWG, V
JK
Jason Kupferberg
Bank of America
2 questions for MA
Also covers: ACN, ADP, AFRM +14 more
Ramsey El-Assal
Barclays
2 questions for MA
Also covers: ACN, ADP, AFRM +20 more
WN
William Nance
The Goldman Sachs Group, Inc.
2 questions for MA
Also covers: AFRM, AMTD, AVDX +19 more
Adam Frisch
Evercore ISI
1 question for MA
Also covers: AFRM, CHYM, FOUR +2 more
AJ
Andrew Jeffrey
William Blair & Company
1 question for MA
Also covers: AFRM, CHYM, CPAY +6 more
JF
James Friedman
Susquehanna Financial Group, LLLP
1 question for MA
Also covers: AFRM, AVDX, BETR +18 more
Ken Suchoski
Autonomous Research
1 question for MA
Also covers: BILL, CPAY, CRCL +7 more
NS
Nate Svensson
Deutsche Bank
1 question for MA
Also covers: AFRM, CPAY, DAVA +8 more
PG
Paul Golding
Macquarie Capital
1 question for MA
Also covers: CIFR, CLSK, CORZ +11 more
Will Nance
Goldman Sachs
1 question for MA
Also covers: AFRM, AMTD, CHYM +14 more
Recent press releases and 8-K filings for MA.
Mastercard SpendingPulse: U.S. holiday retail sales up 3.9% YOY
MA
- U.S. retail sales (excluding automotive) rose 3.9% year-over-year from November 1 to December 21, 2025.
- E-commerce surged 7.4%, while in-store sales grew 2.9%, highlighting omnichannel shopping trends.
- Apparel spending climbed 7.8% (online +8.5%, in-store +7.0%), and jewelry sales increased 1.6%.
- Restaurant spending advanced 5.2%, signaling strong consumer demand for dining experiences.
6 days ago
Mastercard expands Africa acceptance network by 45% in 2025
MA
New Projects/Investments
- Mastercard’s acceptance network in Africa grew by 45% in 2025, facilitating broader participation in the continent’s digital economy.
- The digital payments market in Africa is projected to reach $1.5 trillion by 2030, underscoring significant growth potential.
- Expansion included opening new offices in Ghana, Uganda, and Mauritius and boosting local headcount by 20% to enhance market support.
- Investments in digital infrastructure—such as tokenization upgrades, digital identity solutions, and virtual cards—aim to strengthen payment security and convenience.
Dec 17, 2025, 1:14 PM
Conductor Reports Record Enterprise Momentum Driven by AI Search
MA
Revenue Acceleration/Inflection
- Conductor added 50+ enterprise AI customers in Q3, achieved 125%+ net revenue retention, and saw 132% YoY growth in monthly active usage.
- Key strategic milestones include expanding its partnership with Acquia, earning ISO 42001 AI Management Systems certification, and being named a top 50 token consumer by OpenAI.
- In Q3, customers used the platform to track 1.5 million AI prompts and optimize 20,000+ pieces of content, while Conductor released 40+ product updates such as Knowledge Sources in Writing Assistant.
Dec 16, 2025, 1:02 PM
Mastercard announces dividend increase and new share repurchase program
MA
Dividends
Share Buyback
- Mastercard’s Board declared a quarterly cash dividend of $0.87 per share, a 14% increase over the prior $0.76, payable February 9, 2026 to holders of record as of January 9, 2026.
- The Board authorized a new $14 billion share repurchase program to commence after completing the prior $12 billion plan; as of December 5, 2025, $4.2 billion remained under the existing authorization.
Dec 9, 2025, 9:15 PM
Mastercard-backed Zebec integrates Privy’s wallet infrastructure
MA
Product Launch
- Zebec has integrated Privy’s embedded wallet infrastructure into its upcoming SuperApp, linking its stablecoin payroll rails with Stripe’s payments network for global payouts.
- The upgrade enables secure onboarding via email, SMS, passkeys or existing auth providers, and allows funds to be held, converted, streamed or spent instantly using Mastercard-powered cards.
- Privy, acquired by Stripe in 2025, already powers over 100 million accounts and processes billions in monthly volume, enhancing Zebec’s compliance and interoperability.
- The Zebec SuperApp—currently in testing—will automate streaming payroll, contractor/vendor disbursements, and multi-country cross-border payouts.
Dec 9, 2025, 7:39 PM
ALT5 Sigma Corporation provides corporate update
MA
New Projects/Investments
- ALT5 launched its $WLFI Treasury strategy, holding 7.28 billion $WLFI tokens valued at $1.1 billion, and aims to optimize token holdings per share while integrating the $USD1 stablecoin across its platforms.
- Its Fintech & Payments segment—anchored by ALT5 Pay and ALT5 Prime—has processed over $5 billion in cryptocurrency transactions, and in November 2025 joined a Mastercard crypto card JV with AlphaTON Capital and PagoPay supporting TON and $USD1 payments.
- The legacy Biotech arm, Alyea Therapeutics, is advancing non-addictive pain treatment patents into the next stage of clinical trials as ALT5 evaluates strategic options to maximize value.
Dec 9, 2025, 12:30 PM
Mastercard reports double-digit increase in Alipay+ spending in South Korea
MA
Product Launch
- Alipay+ QR code transactions in South Korea grew 18% year-on-year, with total payment volume up 16% in Jan–Nov 2025 vs Jan–Nov 2024.
- Transportation, beauty clinic and F&B categories led the surge: transport transactions +120% (TPV +23%), beauty clinic +90% (TPV +123%) and F&B +47% (TPV +54%) year-on-year.
- As of November 2025, Alipay+ connected 21 international wallets to over 2 million merchants in South Korea, enhancing tourists’ payment options.
- In September 2025, Alipay+ integrated Japan’s PayPay, further broadening payment access for Japanese visitors.
Dec 9, 2025, 6:55 AM
Mastercard details services growth and innovation at UBS conference
MA
Product Launch
- Mastercard’s services segment comprises ~40% of revenue, is growing in the high teens, and contributes ~700 bps to overall revenue growth.
- The company reports healthy consumer spending into the holiday season, with Black Friday up ~4% YoY, and anticipates a 3 ppt net revenue tailwind from FX and mix in Q4.
- The services strategy leverages payment transaction data across consumer, commercial, and value-added offerings to fuel a virtuous cycle of increased volumes and attachments.
- Growth levers include network-based attachments (60% of services revenue), SaaS platforms, and B2B channel partnerships, targeting a $165 billion serviceable market with low single-digit penetration.
- Recent product innovations include on-demand decisioning, Mastercard Threat Intelligence, Merchant Cloud, and an upcoming underwriting analytics suite.
Dec 2, 2025, 3:15 PM
Mastercard outlines services growth and innovation at UBS conference
MA
Product Launch
- Mastercard’s value-added services segment represents nearly 40% of revenue, growing in the high-teens and contributing roughly 700 basis points to overall revenue growth.
- Mastercard sees healthy consumer spending, with Black Friday up about 4% YOY, and now expects a ~3 pp net revenue tailwind in Q4 from FX and mix, below prior views.
- The company’s virtuous cycle links payments and services: transaction data fuels analytics for fraud, personalization and identity solutions, which in turn drive higher payment volumes and market share.
- Recent product launches include On-Demand Decisioning, Mastercard Threat Intelligence, Merchant Cloud, a new lending underwriting suite, and Commerce Media (500 m consumer opt-ins, 25 k merchants).
Dec 2, 2025, 3:15 PM
Mastercard outlines strategic priorities and innovations at Citi FinTech Conference
MA
Product Launch
M&A
- Healthy consumer spending trends persist across affluent and mass segments, with Q3 and early-November data showing continued growth.
- Agent Pay launched with several U.S. issuers to enable authenticated agentic commerce; full U.S. readiness by end-2025 and global rollout in 2026.
- Migration of Capital One’s debit portfolio to Discover is underway through early 2026; revenue loss represents a small portion of Mastercard’s total and is partially offset by contractual fees in 2026.
- Mastercard reaffirmed three strategic priorities—consumer payments, commercial solutions, and value-added services—pursued via organic investment and targeted M&A.
- Acquisition of Recorded Future for $2.65 billion enhances threat intelligence offerings by combining dark-web monitoring with Mastercard data to bolster fraud prevention.
Nov 19, 2025, 3:30 PM
Quarterly earnings call transcripts for Mastercard.
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