Filing Flows › Mastercard (MA) › Q3 2026
Mastercard (MA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Mastercard (MA) reported revenue of $9.8B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before. Operating margin was 59.8%, net earnings $4.6B (47.2% of revenue).
Mastercard, Q3 2026: revenue $9.8B (+14% year over year), operating margin 59.8%, net earnings $4.6B, operating cash flow $5.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.8B | +6% | +14% |
| Operating profit | $5.9B | +5% | +16% |
| Net earnings | $4.6B | +5% | +18% |
| Operating cash flow | $5.1B | +35% | -10% |
| Free cash flow | $4.9B | +40% | -11% |
What changed
Revenue was $9.8B in Q3 2026, up 14% year over year and up 6% 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 19%), 53% of the total change.
Operating profit was $5.9B, a 59.8% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 66% reached operating profit, above the 59% margin then. Total costs grew 11% against revenue growth of 14%. The fastest-growing cost line was General & admin (+13%). Net earnings were $4.6B, up 18% year over year. The effective tax rate was 19.4%.
Operating cash flow was $5.1B (down 10% year over year), 110% of net earnings. Non-cash charges added back $0.33B of depreciation and amortization and $0.20B of share-based compensation. Capital expenditures of $0.22B left free cash flow of $4.9B.
Questions
What was Mastercard's revenue in the third quarter 2026?
Mastercard (MA) reported revenue of $9.8B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before.
Was Mastercard profitable in the third quarter 2026?
Operating profit was $5.9B (59.8% of revenue) and net earnings $4.6B.
Source: Mastercard 10-Q on SEC EDGAR.