Mastercard 1Q Profit, Sales Rise as Payment Network Arm Grows
By Katherine Hamilton
Mastercard recorded higher profit and sales in the first quarter, driven by growth in its payment network business.
The credit-card company on Thursday posted a profit of $3.88 billion, or $4.35 a share, in the quarter ended March 31, compared with $3.28 billion, or $3.59 a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $4.60, ahead of the $4.41 anticipated by analysts, according to FactSet.
Revenue rose 16% to $8.40 billion. Analysts surveyed by FactSet had forecast revenue of $8.26 billion.
Sales were boosted by an increase in payment network revenue, Mastercard said. There was a 7% increase in gross dollar volume and a 13% jump in cross-border volume within the payment network segment.
The company's value-added services and solutions business, which includes fraud prevention and data analytics, also had higher revenue, driven by growth in security, digital and authentication services.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 30, 2026 08:30 ET (12:30 GMT)
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