Every 10-Q that Mastercard Incorporated (MA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MA filings page.
Mastercard reported strong Q2 2026 results, with net revenue of $9,277 million, up 14% from 2025, and net income of $4,388 million, up 19%. Diluted EPS rose 22% to $4.97, and operating margin expanded to 60.2%.
For the first half of 2026, net revenue reached $17,675 million (15% growth) and net income $8,270 million (18% growth), with diluted EPS up 22% to $9.32. Growth was driven by both the payment network and value-added services across all regions. Operating cash flow was $6,772 million. Mastercard returned capital through $8,933 million of share repurchases and continued dividends, and issued $5.000 billion of new senior notes while ending the period with $11,291 million in cash and cash equivalents. The company also agreed to acquire BVNK Holdings for $1.5 billion plus up to $300 million in contingent consideration, aiming to expand stablecoin infrastructure capabilities.
Mastercard delivered solid growth for the quarter ended March 31, 2026, with net revenue rising to $8.4B from $7.3B, up 16%, driven by both its payment network and value-added services and solutions. Net income increased to $3.9B, an 18% gain, while diluted earnings per share grew to $4.35, up 21%, helped by share repurchases that reduced diluted weighted-average shares outstanding to 893 million.
Operating expenses rose 13% to $3.5B, including a $202M restructuring charge, but operating margin still improved to 58.4%. On an adjusted basis, operating margin was 60.8% and adjusted diluted EPS reached $4.60, up 23%. Cash flow from operations was strong at $3.0B.
Mastercard continued returning capital, repurchasing 7.8 million shares for $4.0B and paying $0.8B in dividends. It also agreed to acquire BVNK Holdings Limited, a stablecoin infrastructure provider, for $1.5B plus up to $300M in contingent consideration, pending regulatory approvals, to expand its digital asset capabilities.
Mastercard (MA) reported solid third‑quarter results. Net revenue rose to $8,602 million from $7,369 million a year ago, and diluted EPS increased to $4.34 from $3.53. Operating income reached $5,061 million, with value coming from both Payment network ($5,179 million) and Value‑added services and solutions ($3,423 million).
Year to date, operating cash flow was $12,646 million. The company returned capital via $8,169 million of share repurchases and declared Q3 dividends of $0.76 per share ($684 million). Cash, cash equivalents and restricted cash ended at $12,845 million. The effective tax rate rose to 21.5% in Q3 (from 15.6%) primarily due to the 15% global minimum tax (Pillar 2) and geographic mix.
Legal matters remain active. Mastercard accrued $512 million related to U.S. merchant litigation and previously recorded £200 million ($268 million) for a U.K. consumer settlement approved in May 2025. As of October 27, 2025, Class A shares outstanding were 891,258,183 and Class B were 6,737,665.