Mastercard Incorporated · MA · Next earnings

Mastercard Incorporated reports Thursday, Oct 29, 2026

MA reports before market open with consensus EPS at $5.13 and revenue at $9.65B. Last quarter: Mastercard Q1 2026: Revenue Beat, EPS Surprise, but Middle East Tension Weighs on Cross-Border

Reports Before market open39 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $5.13 Calendar consensus
Consensus revenue $9.65B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where MA left off: FY2026 Q1

Full report

Mastercard Q1 2026: Revenue Beat, EPS Surprise, but Middle East Tension Weighs on Cross-Border

EPS surprise +4.3% Reported $4.60 vs $4.41
Revenue surprise +1.7% Reported $8.40B vs $8.26B
Stock move -4.2% Event window
Subsequent drift -1.8% Up to 20 sessions

FY2026 guidance was maintained at the high end of low-double-digit net revenue growth, with modest FX tailwinds expected. Capex outlook remains stable. Management indicated the Middle East conflict is expected to subside in Q2, which would support a cross-border recovery. No upward revision to guidance despite the beat, which may have contributed to the negative market reaction as investors were looking for a more bullish reiteration.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Escalation of the Middle East conflict affecting cross-border travel volumes
  • Foreign-exchange volatility impacting net revenue and operating expenses
  • Portfolio shifts from large debit migrations and regional mix changes
  • Regulatory uncertainty around stablecoins and digital-asset frameworks including the Clarity Act
  • Potential slowdown in Switch transaction growth due to ticket-size and geographic mix

Questions analysts left open

  • VAS strategy execution and pricing/rebates outlook
  • Impact of the war on cross-border travel and overall volume
  • Deceleration in Switch transaction growth versus historical rates
  • Timing and regulatory path for stablecoin initiatives and the Clarity Act
  • Effect of portfolio migrations on debit and travel spend

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Recent MA quarters

All MA earnings
-4.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.