Mastercard beats estimates on 14 percent revenue growth

Mastercard reported second-quarter net revenue of $9.28 billion on July 30, up 14 percent from a year earlier and ahead of the roughly $9.08 billion analysts expected, according to the company’s earnings release. Adjusted earnings were $5.04 per diluted share, above the $4.77 consensus, according to Benzinga.

Gross dollar volume rose 8 percent on a local currency basis to $2.9 trillion, while cross-border volume increased 12 percent and switched transactions grew 9 percent, the company said. Net revenue rose 12 percent on a currency-neutral basis, which the company attributed to growth in its payment network and its value-added services and solutions.

Value-added services and solutions have become a larger part of the business, a pattern also seen at rival Visa, which reported results two days earlier. Mastercard’s payment network net revenue rose 10 percent, while payment network rebates and incentives increased 22 percent.

Mastercard shares rose about 2.7 percent in premarket trading following the report, according to ChartMill. The company repurchased 9.8 million shares for $4.9 billion during the quarter and paid $771 million in dividends, and bought a further 1.3 million shares for about $700 million through July 27, leaving $7.8 billion available under its existing repurchase authorization.

The results follow American Express, which reported second-quarter revenue of $19.64 billion last week, and Visa, whose fiscal third-quarter payments volume surpassed $4 trillion for the first time. Mastercard ended the quarter with $11.29 billion in cash and cash equivalents, up from $10.57 billion at the end of 2025.