Filing Flows › Mastercard (MA) › Q1 2026
Mastercard (MA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Mastercard (MA) reported revenue of $8.4B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -5% from the quarter before. Operating margin was 58.4%, net earnings $3.9B (46.2% of revenue).
Mastercard, Q1 2026: revenue $8.4B (+16% year over year), operating margin 58.4%, net earnings $3.9B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4B | -5% | +16% |
| Operating profit | $4.9B | -0.1% | +18% |
| Net earnings | $3.9B | -4% | +18% |
| Operating cash flow | $3.0B | -40% | +26% |
| Free cash flow | $2.8B | -42% | +28% |
What changed
Revenue was $8.4B in Q1 2026, up 16% year over year and down 5% from the previous quarter. Payment network was the largest line at 59% of revenue. Value-added services and solutions added $0.63B year over year (up 22%), 55% of the total change.
Operating profit was $4.9B, a 58.4% margin (up 1.2 points year over year). Of the extra revenue versus Q1 2025, 66% reached operating profit, above the 57% margin then. Total costs grew 13% against revenue growth of 16%. The fastest-growing cost line was General & admin (+20%). Net earnings were $3.9B, up 18% year over year. The effective tax rate was 19.3%.
Operating cash flow was $3.0B (up 26% year over year), 77% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items used $1.3B. Capital expenditures of $0.15B left free cash flow of $2.8B.
Questions
What was Mastercard's revenue in the first quarter 2026?
Mastercard (MA) reported revenue of $8.4B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -5% from the quarter before.
Was Mastercard profitable in the first quarter 2026?
Operating profit was $4.9B (58.4% of revenue) and net earnings $3.9B.
Source: Mastercard 10-Q on SEC EDGAR.