Mastercard

MA · Financials · Market cap $505B

Q2 FY26 Apr 1 – Jun 30, 2026 reported Apr 30, 2026

Revenue$9.3B +14% year over year

Gross profit–

Operating profit$5.6B

Net profit$4.4B 47% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	9.3	100%	+14%
Payment network	4.9	53%
Value-added services and	3.5	38%
Other	0.9	10%
G&A	−3.1	33%	−1pp
Other	−0.6	7%	+0pp
Operating profit	5.6	60% margin	+1pp
Tax	−1.1
Interest & other costs	−0.1
Net profit	4.4	47%	+2pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	8.4	100%	+16%
Payment Network	4.9	58%	+12%
Value Added Services and	3.5	42%	+22%
General and administrative	−3	36%	+0pp
Depreciation and amortization	−0.3	4%	+0pp
Advertising and marketing	−0.2	2%	+0pp
Operating profit	4.9	58% margin	+1pp
Tax	−0.9
Interest & other costs	−0.1
Net profit	3.9	46%	+1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	8.6	100%	+17%
Payment Network	5.2	60%	+12%
Value Added Services and	3.4	40%	+25%
General and administrative	−3	34%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Advertising and marketing	−0.2	3%	+0pp
Operating profit	5.1	59% margin	+4pp
Tax	−1.1
Interest & other costs	−0.1
Net profit	3.9	46%	+1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	8.1	100%	+17%
Payment Network	4.9	60%	+13%
Value Added Services and	3.2	40%	+23%
General and administrative	−2.9	34%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Advertising and marketing	−0.2	3%	+0pp
Operating profit	4.8	59% margin	+1pp
Tax	−1
Interest & other costs	−0.1
Net profit	3.7	46%	−1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.3	100%	+14%
Payment Network	4.4	60%	+13%
Value Added Services and	2.8	38%	+16%
General and administrative	−2.6	35%	+0pp
Depreciation and amortization	−0.3	4%	+0pp
Advertising and marketing	−0.2	2%	+0pp
Operating profit	4.1	57% margin	+0pp
Tax	−0.7
Interest & other costs	−0.1
Net profit	3.3	45%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 1 – Jun 30, 2026	Apr 30, 2026	$9.3B	+14%	60%	$4.4B	47%
Q1 FY26	Mar 31, 2026	Apr 30, 2026	$8.4B	+16%	58%	$3.9B	46%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 30, 2025	$8.6B	+17%	59%	$3.9B	46%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 31, 2025	$8.1B	+17%	59%	$3.7B	46%
Q1 FY25	Jan 1 – Mar 31, 2025	May 1, 2025	$7.3B	+14%	56%	$3.3B	45%