Mastercard Q1 FY26: where the revenue came from and where it went
The whole income statement of Mastercard for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 30, 2026
Revenue$8.40B
+16% year over year
Gross profit$7.95B
95% margin
Operating profit$4.91B
58% margin
Net profit$3.88B
46% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.40 | 100% | +16% |
| Payment network | 4.95 | 59% | +12% |
| Value added services & | 3.45 | 41% | +22% |
| Cost of revenue | −0.45 | 5% | |
| Gross profit | 7.95 | 95% margin | +3pp |
| G&A | −3.04 | 36% | +1pp |
| Operating profit | 4.91 | 58% margin | +1pp |
| Interest & other costs | −0.10 | ||
| Tax | −0.93 | ||
| Net profit | 3.88 | 46% margin | +1pp |
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