Mastercard Q3 2026: net revenue up 14 percent, with European gross dollar volume up 8.3 percent in local currency

Mastercard reported third-quarter 2026 results on 29 October 2026. Net revenue was 9.8 billion dollars, up 14 percent both as reported and currency-neutral. GAAP diluted earnings per share were 5.28 dollars, up 22 percent, and adjusted diluted earnings per share 5.31 dollars, up 21 percent, ahead of a consensus of about 5.16 dollars.

Gross dollar volume rose 7 percent in local currency to 3.0 trillion dollars, cross-border volume 11 percent and switched transactions 9 percent to 49.3 billion. Value-added services and solutions revenue grew 19 percent, which the company attributed to demand across several services and to pricing. The regional table puts European gross dollar volume at 1.06 trillion dollars, up 6.1 percent in US dollars and 8.3 percent in local currency, with European purchase volume up 10.3 percent in local currency.

CEO Michael Miebach framed the quarter around cross-border and foreign-exchange ambitions, including the new Global Money Platform built on the recently acquired BVNK. The shares rose about 5 percent to a 52-week high; coverage noted that part of the beat came from services projects and network deals pulled forward from the fourth quarter.

Mastercard's European purchase volume growing 10.3 percent in local currency, faster than its 7 percent global gross dollar volume, is the cleanest public read on how fast card spending on one of the two main schemes is still growing in Europe, against the account-to-account rails that Wero, iDEAL, BLIK and bank-owned schemes are building to take that volume. The 19 percent growth in value-added services matters to acceptance economics in a different way: those services, and the pricing behind them, sit on top of scheme fees and reach acquirers and their merchants as cost.

Whether European purchase volume keeps outgrowing the global figure as Wero's merchant acceptance widens, and how much of the services growth the company attributes to pricing when it gives its 2027 outlook.

• sec.gov
• Investing.com, 29 October 2026 (consensus, share move, pull-forward)