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.
HR
Harshita Rawat
AllianceBernstein
8 questions for MA
Also covers: ADYYF, FI, PYPL +3 more
TH
Tien-tsin Huang
JPMorgan Chase & Co.
8 questions for MA
Also covers: ACN, ADP, ALIT +23 more
DP
Darrin Peller
Wolfe Research, LLC
6 questions for MA
Also covers: ACN, ADYYF, AVDX +24 more
SS
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
6 questions for MA
Also covers: ALLY, AVDX, AXP +18 more
Trevor Williams
Jefferies LLC
6 questions for MA
Also covers: ACIW, CPAY, FIS +8 more
Craig Maurer
FT Partners
5 questions for MA
Also covers: AVDX, AXP, MELI +3 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
Ramsey El-Assal
Barclays
4 questions for MA
Also covers: ACN, ADP, AFRM +20 more
Adam Frisch
Evercore ISI
3 questions for MA
Also covers: AFRM, CHYM, FOUR +2 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
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, FICO +10 more
Will Nance
Goldman Sachs
3 questions for MA
Also covers: AFRM, AMTD, CHYM +14 more
BK
Brian Keane
Citi
2 questions for MA
DP
Darren Peller
Wolfe Research
2 questions for MA
Also covers: FIS
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
SS
Sanjay Sakrani
KBW
2 questions for MA
Also covers: SYF
WN
William Nance
The Goldman Sachs Group, Inc.
2 questions for MA
Also covers: AFRM, AMTD, AVDX +20 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
Recent press releases and 8-K filings for MA.
Mastercard reports strong Q4 2025 results
MA
Earnings
Revenue Acceleration/Inflection
- Mastercard reported Q4 2025 net income of $4.06 billion ($4.52 per share), adjusted EPS of $4.76, and revenue of $8.81 billion, up ~17–18% YoY
- Transaction volumes grew robustly: gross dollar volume +7%, cross-border volumes +14%, and switched transactions +9–10% to ~46.5 billion
- Value-added services revenue increased ~26% YoY to $3.9 billion, driven by security, digital authentication, and recent acquisitions
- CEO Michael Miebach highlighted healthy consumer spending and investments in tokenization and stablecoins, while warning of regulatory risks like the Credit Card Competition Act
3 days ago
Mastercard reports Q4 2025 results
MA
Earnings
Guidance Update
Layoffs
- Mastercard delivered net revenue +15%, net income +17% and non-GAAP EPS of $4.76, up 20% y/y.
- Payment network revenue rose 9%, while value-added services jumped 22%, with acquisitions contributing ~3 ppt to VAS growth.
- Q4 volumes: worldwide GDV +7%, cross-border volume +14%; global branded cards reached 3.7 billion and switched transactions grew 10%.
- Returned capital via $3.6 billion of share buybacks in Q4 and an additional $715 million through January 26, 2026.
- 2026 guidance: net revenues to grow at the high end of a low double-digit range (currency-neutral), with a one-time $200 million restructuring charge in Q1 impacting ~4% of staff.
3 days ago
Mastercard reports Q4 2025 results
MA
Earnings
Guidance Update
- In Q4 2025, net revenue rose 15%, operating income increased 17%, net income grew 17%, and EPS was $4.76 (+20%, including $0.10 from share repurchases); the company repurchased $3.6 billion of stock ($715 million through Jan 26).
- Transaction volumes were strong: worldwide gross dollar volume was up 7%, cross-border volume rose 14%, switch transactions grew 10%, contactless penetration reached 77%, and 3.7 billion cards were in circulation.
- By business segment, payment network net revenue increased 9%, while value-added services and solutions net revenue climbed 22% (organic ~19 ppt).
- For fiscal 2026, Mastercard expects net revenues to grow at the high end of low-double-digit rates (currency-neutral, ~1–1.5 ppt FX tailwind), operating expenses at the low end of low-double-digit growth (FX headwind of 0.5–1 ppt), and Q1 net revenue growth at the low end of low-double-digit (FX tailwind 3.5–4 ppt) with a one-time $200 million restructuring charge.
3 days ago
Mastercard reports Q4 2025 earnings results
MA
Earnings
Guidance Update
- Mastercard reported Q4 2025 net revenue of $8,806 million, up 18% YoY (15% currency-neutral).
- Adjusted operating income was $5,085 million, up 21% YoY, yielding a 57.7% adjusted operating margin, up 1.4 pp.
- Adjusted net income reached $4,278 million and adjusted diluted EPS was $4.76, up 22% and 25% YoY, respectively.
- Fourth-quarter gross dollar volume grew to $1.301 trillion in credit and $1.518 trillion in debit/prepaid, up from $1.194 T and $1.374 T in Q4 2024.
- 2026 guidance calls for non-GAAP net revenue growth at the high end of low double digits and operating expenses growth in the low double digits.
3 days ago
Mastercard reports Q4 2025 results
MA
Earnings
Share Buyback
- Net revenue +15% with Payment Network net revenue +9% and Value-added Services net revenue +22% on a currency-neutral basis
- Gross dollar volume +7% globally (U.S. +4%, ex-U.S. +9%) and cross-border volume +14% in Q4 2025
- Operating income +17%, EPS $4.76 up 20% (incl. $0.10 from buybacks); repurchased $3.6 B in Q4 and $715 M through Jan 26, 2026
- Secured key deal renewals and migrations: extended Capital One credit partnership, migrated ~10 M Yapı Kredi cards, and won co-brand deals (Apple Card, Walmart/Sam’s Mexico, Amazon/Emirates Islamic UAE)
3 days ago
Mastercard reports Q4 and full-year 2025 results
MA
Earnings
Dividends
Share Buyback
- Fourth quarter net revenue of $8.8 billion (up 18% YoY, 15% currency-neutral) and diluted EPS of $4.52; adjusted diluted EPS was $4.76.
- Q4 payment network drivers: gross dollar volume rose 7%, cross-border volume 14%, and switched transactions 10% on a local currency basis.
- Full-year 2025 net revenue reached $32.8 billion (up 16% YoY, 15% currency-neutral) with diluted EPS of $16.52.
- In Q4, Mastercard repurchased 6.4 million shares for $3.6 billion and paid $684 million in dividends.
3 days ago
Mastercard launches Agent Suite for banks, merchants
MA
Product Launch
New Projects/Investments
- Mastercard is expanding its Start Path accelerator to scout smaller agentic AI innovators and broaden its partner pipeline.
- It will launch the Mastercard Agent Suite in Q2 to help banks, fintechs, and merchants build, test and deploy customizable AI agents across payments, customer engagement and operational workflows.
- The Agent Suite combines customizable agents with Mastercard’s payments data, fraud and identity infrastructure, proprietary platforms and advisory services to support use cases like product recommendations, conversational shopping, inventory/pricing and transaction decisioning.
- The firm processed nearly $10 trillion in volume in 2024, operates in over 200 countries, and has a market capitalization of $473.6 billion, reflecting its scale to back AI initiatives.
6 days ago
Mastercard identifies key payment trends for 2026
MA
Guidance Update
- Mastercard forecasts that AI-powered agents will manage transactions in 2026, alongside wider stablecoin adoption, digital identity wallets and real-time, cross-border payments, while stressing the need for stronger trust and fraud protections as agentic commerce expands.
- The company is rolling out consumer services such as exclusive Mastercard World fast-track security lanes at Istanbul Grand Airport, accessible via Travel Pass registration and QR reservations.
- Observers highlight Mastercard’s evolution from a payments “toll booth” into a technology and data-analytics provider focused on value-added services, a shift accelerated by AI and regulatory changes.
- President Trump’s renewed support for the Credit Card Competition Act—aimed at capping swipe fees and interest for large issuers—could squeeze network revenue in 2026.
Jan 13, 2026, 2:41 PM
BlackOpal launches $200M GemStone facility to tokenize Brazilian credit card receivables
MA
Product Launch
Debt Issuance
New Projects/Investments
- BlackOpal launched GemStone, an institutional product for tokenized Brazilian credit card receivables backed by a US$200 million, three-year anchor facility structured by Mars Capital Advisors.
- GemStone acquires receivables as True Sale with ownership recorded in Brazil’s Central Bank C3 Registry and settlements routed via Visa and Mastercard rails to eliminate credit risk.
- The product targets Brazil’s $100 billion regulated credit card financing market, offering emerging market yields without credit risk and building on BlackOpal’s zero-default track record.
- Leveraging Plume’s RWA blockchain, GemStone has over $1 billion in asset capacity, positioning BlackOpal to scale access for global institutional investors.
Jan 9, 2026, 6:36 AM
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.
Dec 23, 2025, 12:45 PM
Quarterly earnings call transcripts for Mastercard.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more