Mastercard reported October 29 that third-quarter net revenue increased 14% to approximately $9.8 billion, supported by growth in its payment network and value-added services.
Net income rose 18% to roughly $4.6 billion. Diluted earnings per share increased to $5.28 from $4.34 a year earlier.
Adjusted net income was approximately $4.7 billion, or $5.31 per diluted share. The adjusted figures exclude specified investment gains or losses and special items included in reported earnings.
Payment-network revenue grew 11%. Gross dollar volume increased 7% to $3 trillion on a local-currency basis, cross-border volume rose 11% and switched transactions increased 9%.
Revenue from value-added services and solutions grew 19%, reflecting demand and pricing, according to the company’s release.
Customer rebates and incentives increased 18%. Mastercard said the rise reflected higher activity and new or renewed agreements.
Operating expenses grew 11% to approximately $3.9 billion, while operating income increased 16% to about $5.9 billion. Reported operating margin was 59.8%, compared with 58.8% a year earlier.
These results describe activity and revenue on Mastercard’s network; they are not a complete measure of U.S. consumer spending.
Sources: Mastercard — October 29 Earnings Release, Distributed by Public Technologies: https://www.marketscreener.com/news/mastercard-third-quarter-2026-earnings-release-ce785cd3d089f120