Q1 26 EPS
$4.60
Q1 26 Revenue
$8.40B
BEAT +1.73%
Est. $8.26B
vs S&P Since Q1 26
-6.4%
TRAILING MARKET
MA -6.4% vs S&P +0.0%
Market Reaction
Did MA Beat Earnings? Q1 2026 Results
Mastercard delivered a clean beat to open 2026, posting first-quarter adjusted diluted EPS of $4.60 against a Wall Street consensus of $4.41, a 4.24% beat that extended the company's streak of exceeding EPS estimates to four consecutive quarters. Net… Read more Mastercard delivered a clean beat to open 2026, posting first-quarter adjusted diluted EPS of $4.60 against a Wall Street consensus of $4.41, a 4.24% beat that extended the company's streak of exceeding EPS estimates to four consecutive quarters. Net revenue climbed 15.8% year over year to $8.40 billion, topping the $8.26 billion consensus by 1.73%, as the payments giant drew strength from two distinct engines: payment network revenue grew 12% while value-added services and solutions surged 22%, with security, digital authentication, and consumer engagement products all cited as contributors. Cross-border volume growth of 13% and switched transaction growth of 9% underscored resilient global spending despite a broader backdrop of investor anxiety over stablecoin disruption and regulatory pressure on interchange economics that has weighed on the sector's share prices this year. Adjusted operating margin expanded to 60.8% from 59.3% a year ago, even as Mastercard absorbed a $202 million restructuring charge, and the company returned $4.00 billion to shareholders via buybacks during the quarter alone.
Key Takeaways
- • Gross dollar volume growth of 7% on a local currency basis to $2.7 trillion
- • Cross-border volume growth of 13% on a local currency basis
- • Switched transactions growth of 9%
- • Value-added services and solutions net revenue growth of 22% (18% currency-neutral)
- • Growth in security solutions, digital and authentication solutions, business and market insights, and consumer acquisition and engagement services
- • Adjusted operating margin expansion to 60.8% from 59.3%
MA YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Mastercard is diversified, future-ready, and delivering. In Q1, net revenue increased 16%, and value-added services and solutions grew 22% year over year — or 12% and 18% respectively on a currency-neutral basis. Building on our strong foundation, we're advancing agentic commerce with Mastercard Agent Pay and expanding our stablecoin solutions through the planned acquisition of BVNK. We're well positioned to capture the next wave of digital payments growth and continue to support secure commerce around the world.”
— Michael Miebach, Q1 2026 Earnings Press Release
MA Earnings Trends
MA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MA EPS Trend
Earnings per share: estimate vs actual
MA Revenue Trend
Quarterly revenue: estimate vs actual
MA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.60 | — | $8.40B | +1.73% |
| Q4 25 BEAT FY | $4.24 | $4.76 | +12.26% | $8.81B | — |
| FY Full Year | $16.46 | $17.01 | +3.33% | $32.79B | +0.25% |
| Q3 25 BEAT | $4.31 | $4.38 | +1.52% | $8.60B | +0.82% |
| Q2 25 BEAT | $4.02 | $4.15 | +3.12% | $8.13B | +1.88% |
| Q1 25 BEAT | $3.56 | $3.73 | +4.80% | $7.25B | +1.79% |