Key Highlights

  • Mastercard’s $0.87 quarterly Dividend trades ex-dividend October 9, 2026, with payment on November 9 to holders of record.
  • Second-quarter net Revenue was $9.3 billion, up 14%, or 12% currency-neutral, with Operating Income of $5.6 billion.
  • Diluted EPS was $4.97, up 22% from $4.07, and adjusted diluted EPS (non-GAAP) was $5.04, up 21%.
  • The company repurchased 9.8 million shares for $4.9 billion and paid $771 million in dividends during the quarter.

Mastercard Incorporated (NYSE:MA) declared a quarterly dividend of $0.87 per share, a Yield of 0.61%, payable November 9 to holders of Class A and Class B common stock of record on October 9, 2026. The $0.87 amount equals 17.5% of second-quarter GAAP diluted EPS of $4.97. Net revenue was $9.3 billion.

Dividend Program and Shareholder Returns

The board announced the $0.87 quarterly Cash Dividend on September 29, 2026, payable November 9 to holders of record on October 9. The shares trade ex-dividend on October 9.

The $0.87 quarterly amount equals $3.48 on an annualized basis, a computed figure. In the second quarter, the company repurchased 9.8 million shares at a cost of $4.9 billion and paid $771 million in dividends, a total of $5.671 billion, which equals about 129% of Net Income of $4.4 billion, computed from the rounded figure. Each dividend remains subject to board approval.

About the Company

Mastercard Incorporated is a payments technology company reporting payment network and value-added services and solutions revenue. At June 30, 2026, cash and cash equivalents were $11,291 million and investments were $318 million, while Short-Term Debt was $2,459 million and long-term debt was $22,184 million. Gross dollar Volume rose 8% in local currency to $2.9 trillion.

Second-Quarter Revenue, Margin and Earnings

Net revenue was $9.3 billion, up 14% as reported and 12% currency-neutral. Operating income was $5.6 billion, up 17%, and the Operating Margin was 60.2%, compared with 58.7%. The adjusted operating margin (non-GAAP) was 61.1%.

Net income was $4.4 billion, up 19%, and diluted EPS was $4.97, up 22%. Adjusted diluted EPS (non-GAAP) was $5.04. Payment network net revenue rose 10%, or 8% currency-neutral, and value-added services and solutions net revenue rose 20%, or 18% currency-neutral.

Volume Drivers and First-Half Results

Cross-border volume rose 12% and switched transactions rose 9%. Value-added services and solutions net revenue grew faster than payment network net revenue, 20% against 10% as reported. For the first half, net revenue was $17.7 billion, up 15%, operating income was $10.5 billion, up 18%, net income was $8.3 billion, up 18%, and diluted EPS was $9.32, compared with $7.66.

GAAP operating expenses were $3,690 million and adjusted operating expenses (non-GAAP) were $3,608 million. The effective tax rate was 20.0% for the quarter and 19.7% year to date.

BVNK Acquisition and Dividend Relationships

The company entered a definitive agreement in March 2026 to acquire BVNK Holdings Limited for $1.5 billion, excluding customary closing adjustments, with contingent consideration of up to $300 million if performance targets are met. It anticipates completing the acquisition before the end of the third quarter of 2026, subject to regulatory approval.

The $771 million of dividends paid equals 17.5% of $4.4 billion of net income, a computed ratio. Total debt of $24,643 million and cash, cash equivalents and investments of $11,609 million are computed sums. Operating income of $5.6 billion equals 60.2% of net revenue of $9.3 billion, and first-half net income of $8.3 billion equals 46.9% of first-half revenue of $17.7 billion, both computed.

Outlook

Mastercard’s $0.87 quarterly dividend is payable November 9 to holders of record on October 9, 2026. The 60.2% operating margin, the pace of share repurchases, the pending BVNK acquisition, and the 8% growth in gross dollar volume are the relevant considerations.