Mastercard Incorporated announced its financial results for the third quarter of 2026 on October 29, 2026. The company reported net revenue of $9.8 billion for the quarter, representing a 14% increase compared to the same period in 2025. This growth was achieved both as reported and on a currency-neutral basis.
GAAP net income for the third quarter was $4.6 billion, with diluted earnings per share (EPS) of $5.28. On a non-GAAP basis, excluding the impact of gains and losses on equity investments, special items, and currency fluctuations, adjusted net income was $4.7 billion, and adjusted diluted EPS was $5.31.
Key business drivers for the quarter included a 7% increase in gross dollar volume to $3.0 trillion and a 9% increase in switched transactions, both measured on a local currency basis. Cross-border volume grew by 11% on a local currency basis. The company noted that the growth in net revenue was driven by expansion in its payment network and value-added services and solutions.
Regarding capital allocation, Mastercard repurchased 5.3 million shares during the third quarter at a cost of $3.0 billion. Additionally, the company paid $763 million in dividends. As of October 26, 2026, the company had $4.9 billion remaining under its approved share repurchase programs.
For the year-to-date period ending September 30, 2026, Mastercard reported net revenue of $27.5 billion, a 15% increase over the prior year. The company also noted that as of September 30, 2026, customers had issued 3.8 billion Mastercard and Maestro-branded cards.
