Mastercard Incorporated
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Range $597 – $740
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About the company
Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations.
- CEO
- Michael Miebach
- IPO
- 2006
- Employees
- 39,800
- HQ
- Purchase, NY, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a long-term uptrend, trading above its 200-day average of 532.42 and well above the 52-week low of 463.74. It is still below the 52-week high of 601.23, so the setup is constructive but not extended.
Street sentiment stays firmly positive, with a Buy consensus and an average target of 666.67, implying meaningful upside from current levels. Recent action has been mostly target raises rather than rating changes, while the latest calls stayed at Hold-equivalent levels, signaling confidence without chasing the name.
Mastercard has a strong beat record, going 7-for-7 on the recent run of reported quarters. Next-quarter EPS is estimated at 5.13, above the prior 5.04 print, so shareholders should watch whether payment volumes and margin discipline keep the streak intact.
Recent insider activity skews to net selling, led by repeated sales from the Chief Business Officer and one sale from the Chief Services Officer. The exempt award/vesting entries are noise; the discretionary P-code selling is the signal, and it has been persistent over the last several weeks.
Profitability remains elite, with a 61.11% operating margin and 46.34% net margin. Growth is still strong, with revenue up 14.1% year over year and earnings up 22.1%, while free cash flow of $17.89 billion supports the business despite $8.10 billion in net debt.
Mastercard keeps a premium profile versus financial-services peers thanks to its 100.0% gross margin and high-margin transaction-processing model. The valuation remains rich at 31.14x earnings, so the market is paying for durable growth and cash generation.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $498.72B
- P/E
- 31.23
- Fwd P/E
- 28.49
- PEG
- 1.38
- P/S
- 14.22
- P/B
- 89.39
- EV/EBITDA
- 23.15
- Div Yield
- 0.59%
- Gross Margin
- 100.00%
- Op Margin
- 59.84%
- Net Margin
- 46.34%
- ROE
- 232.46%
- ROIC
- 48.13%
Latest fiscal year · YoY change
- Revenue
- $32.79B+16.4%
- Gross Profit
- $32.79B+16.4%
- Op Income
- $19.51B
- Net Income
- $14.97B+16.3%
- EPS
- $16.55+18.9%
- OCF Growth
- +17.7%
- FCF Growth
- +18.2%
- 52W High
- $601.23
- 52W Low
- $464.52
- 50D MA
- $571.20
- 200D MA
- $532.16
- Beta
- 0.73
- RSI (14)
- 52
- Avg Volume
- 2.86M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Mastercard delivered another strong quarter with double-digit revenue and earnings growth, and raised confidence for the rest of 2026 on continued strength in payments and value-added services.· July 30, 2026
- Q2 net revenue rose 12%, adjusted net income rose 16%, and EPS was $5.04; EPS included a $0.14 benefit from share repurchases.
- Value-added services net revenue grew 18%, while payment network net revenue increased 8% on domestic and cross-border growth plus pricing.
- Core volumes stayed healthy: worldwide GDV rose 8%, cross-border volume rose 12%, switched transactions grew 9%, and commercial debit/credit volumes grew 12%.
- Management said the quarter benefited from lower-than-expected Middle East disruption, stronger cross-border spend from Venezuela, and continued demand for security and AI-related services.
- Guidance implies Q3 and full-year 2026 revenue growth at the high end of the low-double-digit range, with Q3 operating expense growth also in the low-double-digit range.
Q2 2026 non-GAAP currency-neutral net revenue increased 12% year over year. Adjusted net income increased 16%, and EPS increased 19% to $5.04, including a $0.14 contribution from share repurchases. Operating income rose 14%, while operating expenses increased 10%. On the operating side, worldwide GDV grew 8%, U.S. GDV grew 6%, outside-the-U.S. GDV grew 9%, cross-border volume grew 12%, switched transactions grew 9%, and commercial debit and credit volumes grew 12%. Contactless penetration reached 80% of in-person switched purchase transactions, and token penetration was over 40% of all switched transactions. For Q3 2026, Mastercard expects net revenue growth at the high end of the low-double-digit range on a currency-neutral basis excluding inorganic activity, with about a 0.5 ppt FX headwind; operating expense growth is expected in the low-double-digit range, with a 0.5 ppt inorganic headwind and 0% to 0.5 ppt FX tailwind. For full-year 2026, Mastercard expects net revenue growth at the high end of the low-double-digit range, now expected to be higher within that range than prior expectations due to stronger first-half performance, and operating expense growth to remain in the low-double-digit range. Other income and expense is expected to be about $125 million in Q3, and the non-GAAP tax rate is expected to be 20% to 21% in both Q3 and Q4.
Michael Miebach said Mastercard is seeing another strong quarter because of disciplined execution, a supportive macro backdrop, and a strategy centered on consumer payments, commercial/new payment flows, and value-added services. He emphasized the company’s “virtuous cycle” of more transactions feeding more data, more services, and more value for customers, and pointed to wins in issuing, switching, commercial payments, security, and emerging areas like agentic commerce and stablecoins. His tone was confident and expansive, with repeated emphasis that Mastercard is “winning” and has “significant runway” across its core businesses and newer opportunities.
Sachin Mehra detailed the quarter’s financial performance: revenue up 12%, operating expenses up 10%, operating income up 14%, net income up 16%, and EPS up 19% to $5.04. He also cited $4.9 billion of stock repurchases during the quarter and about $700 million more through July 27, 2026. On the business drivers, he said payment network revenue rose 8% and VAS revenue rose 18%, while global GDV rose 8%, cross-border volume 12%, and switched transactions 9%. He framed the outlook as still healthy, noted the Middle East impact moderated in Q2, and guided Q3 and full-year revenue growth to the high end of the low-double-digit range, with operating expenses also in the low-double-digit range and a $125 million Q3 other income/expense expense driven mainly by incremental interest from June bond issuance.
Analysts focused on stablecoins versus agentic commerce, cross-border acceleration, domestic switching, cyber demand in VAS, Europe growth, U.S. spending breadth, and the mix of VAS revenue. Management said cards can still prevail in agentic commerce because they provide reach, predictable experiences, tokenization, and dispute protections, while machine-to-machine payments may use stablecoins or other settlement rails; Mastercard sees stablecoins as additive, not a replacement. On cross-border, management attributed the step-up partly to lower Middle East disruption and stronger Venezuela-related card-not-present spending, not clearly to the World Cup. On Europe, management said growth is being lapped against prior portfolio wins and that the company is being selective on pricing and economics, preferring profitable volume over volume for its own sake.
Management sees multiple growth engines still running: healthy consumer/business spending, stronger cross-border, expanding commercial payments, and fast-growing value-added services. The company also highlighted large secular opportunities in digitization, security, agentic commerce, and digital assets, plus continued share gains and switching expansion in markets like the UAE. Executives sounded confident that Mastercard’s network, data, and services create a durable flywheel that can keep producing outsized growth.
The call acknowledged ongoing geopolitical risk, especially in the Middle East, and management said it still expects those impacts to persist at roughly end-of-Q2 levels. Europe growth is slowing versus prior comp periods because of lapping large wins and a more disciplined approach to deal economics, which may temper headline growth. There was also recognition that some drivers such as cross-border lift from Venezuela and fuel prices can be volatile and timing-dependent, and rebates and incentives remain somewhat lumpy and harder to predict.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.0%
- Shares Outstanding
- 877.04M
- Float Shares
- 868.23M
of shares held by institutions
3,727 13F filers
Buy/sell ratio 0.20. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for MA, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Thomas Hawley TubervilleSenate · AL | Sell | Apr 15, 25 | Filing → |
| Alan ArmstrongSenate | Sell | Mar 27, 26 | Filing → |
| Thomas Hawley TubervilleSenate · AL | Sell | Jun 8, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Jun 29, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Jun 15, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Jun 10, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jun 2, 26 | Filing → |
| Gilbert Ray CisnerosHouse · CA31 | Sell | Jun 5, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 1, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Apr 13, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Sell | Apr 27, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Apr 1, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Apr 17, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Buy | Apr 28, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 79.90M | ▲ 466.51K |
| Blackrock, Inc. | 66.39M | ▼ 618.42K |
| Mastercard Foundation Asset Management Corp | 60.35M | ▼ 4.89M |
| Vanguard Capital Management LLC | 52.12M | ▼ 215.44K |
| State Street Corp | 36.96M | ▲ 486.28K |
| Jpmorgan Chase & Co | 28.23M | ▼ 4.43M |
| Fmr LLC | 23.84M | ▼ 420.43K |
| Geode Capital Management, LLC | 21.51M | ▲ 440.64K |
| Vanguard Portfolio Management LLC | 19.16M | ▼ 270.92K |
| Price T Rowe Associates Inc | 18.53M | ▼ 47.68K |
| Morgan Stanley | 15.00M | ▼ 161.07K |
| Wellington Management Group Llp | 12.70M | ▼ 302.85K |
Held by 2,516 ETFs
Biggest fund positions in MA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Huntsman Jon M Jr | other | 178 |
| Oct 1, 26 | Ling Hai | other | 88 |
| Oct 1, 26 | McLaughlin Edward Grunde | other | 99 |
| Oct 1, 26 | SACHIN J. MEHRA | other | 207 |
| Oct 1, 26 | Miebach Michael | other | 530 |
| Sep 2, 26 | SACHIN J. MEHRA | sell | 3,266 |
| Aug 31, 26 | Kirkpatrick Linda Pistecchia | sell | 923 |
| Aug 19, 26 | SACHIN J. MEHRA | other | 7,444 |
| Aug 19, 26 | SACHIN J. MEHRA | sell | 120 |
| Aug 19, 26 | SACHIN J. MEHRA | sell | 966 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MA coverage
Recent articles, reports, and earnings notes.

Mastercard (MA): Payments Growth With Limited Upside
Mastercard remains a high-quality payments compounder, supported by strong revenue growth, expanding value-added services, and a durable network moat. The stock earns a Buy, but valuation leaves limited room for execution missteps.

Mastercard Incorporated (MA) Gains on Deep Earnings Beat
Mastercard Incorporated (MA) gains after a strong earnings beat, with EPS and revenue both topping estimates. This deep-dive looks beyond the headline to examine profit trends, segment growth, spending strength, cross-border pressure, and what the latest results may mean for the stock.

Mastercard Incorporated (MA) gains on earnings beats
Mastercard Incorporated (MA) gains 1.5% after reporting earnings beats, as investors react positively to stronger-than-expected results and improved outlook.
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Rockland Trust Co. Raises Holdings in Mastercard Incorporated $MA
defenseworld.net · Oct 5
Argent Capital Management LLC Sells 6,718 Shares of Mastercard Incorporated $MA
defenseworld.net · Oct 5
1,150 Mastercard Incorporated $MA Shares Sold by General Partner Inc.
defenseworld.net · Oct 5
Mastercard Stocks Rise 1.8% as Open USD Lands Inside BVNK
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Mastercard Selects Rezolve Ai in Worldwide Reseller Agreement to Advance AI-Powered Commerce
globenewswire.com · Oct 5
Visa, Mastercard, Stripe, and Coinbase Commit $1 Billion to New Stablecoin: Is Open USD a Challenge to Tether, USDC, and RLUSD?
247wallst.com · Oct 4
Dividend Champion, Contender, And Challenger Highlights: Week October 4
seekingalpha.com · Oct 2
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 30, 2026 · Live quote · Not investment advice