Share Mastercard (MA) Q3 2026 Earnings Review: Services growth lifts profit and margins
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MastercardMA · Credit Services
MA · October 29, 2026Before open · Since the previous regular close
+2.24%Session snapshot

Mastercard (MA) Q3 2026 Earnings Review: Services growth lifts profit and margins

Earnings results

  • EPS beat 2.7%

    Adjusted profit/share: $5.31 · Cons.: $5.17

  • Revenue beat 1.5%

    Actual: $9.807B · Cons.: $9.66B

  • Guidance maintained

    FY revenue growth at high end of low double digits, excluding currency and acquisitions

By Stocks To Buy Now AI ResearchPublished

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Payment terminal displaying accepted card network logos at a self-checkout
Illustrative archive photograph of a payment terminal at a Carrefour self-checkout in Taiwan, August 2025. Photo: Matt Zhuang / Wikimedia Commons · CC BY-SA 4.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.
THE CATALYST

What the company reported

Services revenue growth of 19% and payment-network growth of 11% lifted revenue and adjusted margins, with both sales and adjusted profit exceeding consensus.

AT A GLANCE

Q3 2026 earnings recap

Mastercard’s services revenue grew 19%, helping earnings beat forecasts and margins widen, while shares rose about 2% before open.

  • Net revenue rose 14% to $9.8 billion, with payment-network revenue up 11% as cross-border spending and transaction activity expanded.
  • Adjusted operating margin reached 60.5%, up from 59.8%, helping profit per share rise 21% to $5.31 against a $5.17 forecast.
  • Management maintained its full-year revenue growth range and expects fourth-quarter growth at the high end of low double digits, excluding currency changes and acquisitions.
  • Nine-month operating cash flow fell 6% to $11.9 billion despite higher earnings, making cash conversion another measure to watch.
  • The October 28 share price valued trailing reported earnings at about 32 times, leaving sustained growth important to the valuation.
  • A regular close above the $622–634 resistance area would strengthen the recovery, while a drop below $605 would weaken it.

Services demand supports growth, but customer incentives rising faster than network revenue, weaker consumer spending and regulation could pressure future profits.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Oct 28, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

Watch whether the next regular close clears the $622–634 resistance range; a fall below $605 would weaken the recent recovery.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Mastercard: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
Open MA stock page ↗

EXPLORE THE COMPANY

Mastercard (MA)

Explore earnings, price action, financials and industry comparisons.

Symbol
MA
Sector
Financial Services
Industry
Credit Services
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

MA earnings, valuation & price action

View in calendar ↗
NEXT EXPECTED REPORTOct 29 2026Before open · ET
EPS ESTIMATE5.17
REVENUE ESTIMATE9.66B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Financial Services

Mastercard Incorporated MA

Financial - Credit Services · Updated 10/27/2026

Adjusted closing price · USD613.50 Oct 26
461522584646Oct 23Apr 27Oct 26
Price50-day average200-day average+7.6% in view
VALUATION & EXPECTATIONS
Trailing P/E33.9×
Forward P/E30.7×
Trailing P/S15.4×
Forward P/S14.5×
EPS beat rate100%
Revenue beat rate100%
Positive window63%

EPS beats: 8 of 8 comparable reports. Positive price windows: 5 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average581.88
200-day average532.88
RSI (14)62
20-day range549.17 – 633.21
Relative volume0.9×
1-year change+7.6%
Last eight reported earnings for MA
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Jul 30 20264.775.04+5.7%Beat9.28B+1.7%+2.2%
Apr 30 20264.414.60+4.3%Beat8.4B-5.7%-4.6%
Jan 29 20264.244.76+12.3%Beat8.81B+3.3%+5.9%
Oct 30 20254.324.38+1.4%Beat8.6B-0.5%-0.2%
Jul 31 20254.034.15+3.0%Beat8.13B+0.1%+0.4%
May 1 20253.583.73+4.2%Beat7.25B+2.1%+3.5%
Jan 30 20253.713.82+3.0%Beat7.49B+1.2%+3.3%
Oct 31 20243.743.89+4.0%Beat7.37B-1.1%+0.8%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

More MA research Data,

MA earnings previews and market catalysts

Earnings week of October 26–30, 2026: cloud growth, consumers and cash flow
2026-10-25 · Microsoft, Alphabet and Amazon lead a busy earnings week. Follow twelve major reports across payments, medicine, energy and consumer goods, with the key business questions and risks to watch.

Mastercard (MA) Earnings October 29, 2026: Cross-Border Spending, Services and Guidance
2026-10-22 · Mastercard’s October 29 earnings call puts cross-border spending, services, incentives and guidance in focus. Review estimates, two recent quarters and consumer-finance peer context.

All upcoming earnings catalysts →

02 / FINANCIALS

Mastercard financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Mastercard event catalysts

Company earnings and scheduled market events that may change expectations.

2026-10-29

MA earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑
2026-10-298:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-10-298:30 AM ET

PCE inflation & consumer spending

Compare core PCE and real spending with expectations to assess inflation alongside demand.

Release schedule ↗Scheduled
2026-10-298:30 AM ET

Q3 GDP · advance estimate

Separate consumer demand from inventory and trade effects; revisions can change the growth picture.

Release schedule ↗Scheduled
2026-10-308:30 AM ET

Employment Cost Index

Persistent compensation pressure can affect margins and the inflation outlook.

Release schedule ↗Scheduled
2026-10-30Market close

Russell indexes · rank day

A ranking checkpoint, not an announcement that a particular stock has been included.

Release schedule ↗Scheduled
2026-11-0210:00 AM ET

ISM manufacturing PMI

Watch new orders and prices paid for the balance between demand and inflation.

Release schedule ↗Scheduled
2026-11-0310:00 AM ET

JOLTS job openings

Watch vacancies and quits for signs of labor-market cooling.

Release schedule ↗Scheduled
2026-11-0410:00 AM ET

ISM services PMI

Services prices and employment can influence the outlook for inflation and rates.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare MA with its peers

Financial - Credit Services · Compare valuation, financial strength and price performance.

Companies with valuation data2
Peer median positive P/E19.0×
MA P/E33.9×
MA peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
MAMastercard2026-10-26 · USD613.50540.87B33.9×30.7×15.4×14.5×
AXPAmerican Express Company2026-10-23 · USD313.22211.77B19.0×17.7×2.5×2.7×
EVTCEVERTEC, Inc.
FISVFiserv, Inc.
GPNGlobal Payments Inc.
NEXXYNexi S.p.A.
PSFEPaysafe Limited
MA33.9×
AXP19.0×

The peer median excludes the selected stock and is based on 1 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore MA alongside its peers

Credit Services · 17 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
0.8×146.98B6.7×370.15B12.7×593.31B18.6×816.48BV · Visa Market cap: 751.69B Price / sales: 16.9×AXP · American Express Market cap: 211.77B Price / sales: 2.5×MA · Mastercard Incorporated Market cap: 540.87B Price / sales: 15.4×Hide MA · Undo restores itMarket cap
MAMastercard Incorporated

Market cap: 540.87B
Price / sales: 15.4×

Valuation snapshot: 2026-10-26
View research ↗
3 of 17 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 3 companies

Median P/S15.4×
Middle 50%9.0× to 16.2×
MA P/S15.4×
MA
2.3×17.7×

Tap a bar to see the companies in that P/S range. MA has a higher P/S than 33% of this group.

14 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 17 matching companies · Largest market cap first

  • Market cap 751.69BP/E 34.2×P/S 16.9×Forward P/E Forward P/S Price snapshot: 2026-10-26
    ↗
  • Market cap 540.87BP/E 33.9×P/S 15.4×Forward P/E Forward P/S Price snapshot: 2026-10-26
    ↗
  • Market cap 211.77BP/E 19.0×P/S 2.5×Forward P/E Forward P/S Price snapshot: 2026-10-23
    ↗
  • Market cap 133.55BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 49.51BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 25.33BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 25.33BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 23.12BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗

Explore industries

Open an industry for its comparison, valuation and companies.

U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including MA, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

Company research, movers, earnings and options results.

INDUSTRY COMPARISON

MA industry peers

Financial - Credit Services · Oct 16, 2026 · Closing-price performance

Compare MA with 3 other stocks in the available heatmap coverage.

COFCapital One Financial Corporation+1.45%VVisa Inc.+0.72%MACurrent stockMastercard Incorporated+0.18%AXPAmerican Express Company-0.09%