Filing Flows › Mastercard (MA) › How it makes money
How Mastercard (MA) makes money
Mastercard (MA) made $9.8B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Payment network brought in $5.7B (59%); Value-added services and solutions brought in $4.1B (41%). Of every dollar of revenue, 60¢ was left as operating profit, 47¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Payment network | $5.7B | 58.6% | +5% | +11% |
| Value-added services and solutions | $4.1B | 41.4% | +6% | +19% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $9.8B | 100.0% |
| Operating profit | $5.9B | 59.8% |
| Income tax | $1.1B | 11.3% |
| Net earnings | $4.6B | 47.2% |
| Operating cash flow | $5.1B | 51.9% |
| Free cash flow | $4.9B | 49.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $9.8B | +14% |
| Q2 2026 | $9.3B | +14% |
| Q1 2026 | $8.4B | +16% |
| Q4 2025 | $8.8B | +18% |
| Q3 2025 | $8.6B | +17% |
| Q2 2025 | $8.1B | +17% |
| Q1 2025 | $7.2B | +14% |
From Mastercard's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Mastercard make money?
Mastercard (MA) made $9.8B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Payment network brought in $5.7B (59%); Value-added services and solutions brought in $4.1B (41%). Of every dollar of revenue, 60¢ was left as operating profit, 47¢ was left as net earnings.
What is Mastercard's biggest business?
Payment network: $5.7B in the third quarter 2026, 59% of revenue, +11% from a year earlier.
What is Mastercard's profit margin?
Net earnings were $4.6B, 47.2% of revenue, in the third quarter 2026; the operating margin was 59.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.