Mastercard Q2 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
- Apr 1 – Jun 30, 2026
- Reported
- Jul 30, 2026
Revenue$9.3B
+14% year over year
Gross profit$8.7B
93% margin
Operating profit$5.6B
60% margin
Net profit$4.4B
47% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 9.3 | 100% | +14% |
| Payment network | 5.5 | 59% | +10% |
| Value added services & | 3.8 | 41% | +20% |
| Cost of revenue | −0.6 | 7% | |
| Gross profit | 8.7 | 93% margin | +1pp |
| G&A | −3.1 | 33% | −1pp |
| Operating profit | 5.6 | 60% margin | +1pp |
| Interest & other costs | −0.1 | ||
| Tax | −1.1 | ||
| Net profit | 4.4 | 47% margin | +2pp |
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