Filing Flows › Mastercard (MA) › Q2 2026
Mastercard (MA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Mastercard (MA) reported revenue of $9.3B for the second quarter 2026 (Q2 2026), +14% from a year earlier and +10% from the quarter before. Operating margin was 60.2%, net earnings $4.4B (47.3% of revenue).
Mastercard, Q2 2026: revenue $9.3B (+14% year over year), operating margin 60.2%, net earnings $4.4B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | +10% | +14% |
| Operating profit | $5.6B | +14% | +17% |
| Net earnings | $4.4B | +13% | +19% |
| Operating cash flow | $3.8B | +26% | -18% |
| Free cash flow | $3.5B | +22% | -24% |
What changed
Revenue was $9.3B in Q2 2026, up 14% year over year and up 10% from the previous quarter. Payment network was the largest line at 59% of revenue. Value-added services and solutions added $0.64B year over year (up 20%), 56% of the total change.
Operating profit was $5.6B, a 60.2% margin (up 1.5 points year over year). Of the extra revenue versus Q2 2025, 71% reached operating profit, above the 59% margin then. Total costs grew 10% against revenue growth of 14%. The fastest-growing cost line was General & admin (+11%). Net earnings were $4.4B, up 18% year over year. The effective tax rate was 20.0%.
Operating cash flow was $3.8B (down 18% year over year), 86% of net earnings. Non-cash charges added back $0.31B of depreciation and amortization and $0.19B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $0.29B left free cash flow of $3.5B.
Questions
What was Mastercard's revenue in the second quarter 2026?
Mastercard (MA) reported revenue of $9.3B for the second quarter 2026 (Q2 2026), +14% from a year earlier and +10% from the quarter before.
Was Mastercard profitable in the second quarter 2026?
Operating profit was $5.6B (60.2% of revenue) and net earnings $4.4B.
Source: Mastercard 10-Q on SEC EDGAR.