Every material Form 8-K Mastercard has filed with the SEC since November 10, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Mastercard Inc. announced its third quarter 2026 financial results, reporting net revenue of $9.8 billion, a 14% increase compared to the prior-year period. Net income for the quarter reached $4.6 billion with diluted earnings per share of $5.28.
Third quarter net revenue rose 14% to $9.8 billion compared to $8.6 billion in Q3 2025.
Diluted earnings per share for the third quarter were $5.28, representing a 22% increase year-over-year.
Gross dollar volume grew 7% on a local currency basis to $3.0 trillion during the third quarter of 2026.
During the third quarter, the company repurchased 5.3 million shares at a cost of $3.0 billion and paid $763 million in dividends.
Mastercard reported second quarter 2026 net revenue of $9.3 billion, up 14% from a year earlier (12% on a currency-neutral basis), and GAAP diluted EPS of $4.97, up 22%. Adjusted diluted EPS was $5.04, up 21%, and the company repurchased $4.9 billion of its shares during the quarter, which supports per-share results for existing shareholders.
Net income was $4.4 billion, up 19% from $3.7 billion; GAAP operating margin was 60.2%, versus 58.7% a year earlier
Gross dollar volume rose 8% on a local currency basis to $2.9 trillion; cross-border volume rose 12%
Q2 2026 operating expenses rose 10%, mainly from higher general and administrative expenses; the quarter included an $82 million pre-tax litigation charge
As of July 27, the company had repurchased 1.3 million shares quarter-to-date for $0.7 billion and had $7.8 billion remaining under approved repurchase programs
On June 8, 2026, Mastercard completed a $5.0 billion offering of notes in five tranches, maturing from 2028 to 2036, under its existing shelf registration. The filing discloses the principal amounts, coupons and underwriters, and the notes were issued under a 2014 indenture with Deutsche Bank Trust Company Americas as trustee. The filing describes a routine debt financing and does not state how the proceeds will be used.
Floating Rate Notes due 2028: $500 million
4.325% Notes due 2028: $1.25 billion; 4.425% Notes due 2029: $1.15 billion
4.600% Notes due 2031: $1.35 billion; 5.000% Notes due 2036: $750 million
Underwriting Agreement dated June 4, 2026, with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC among eight representatives
Mastercard announced on June 2, 2026 that Ling Hai, its president of Asia Pacific, Europe, Middle East and Africa, will succeed Sachin Mehra as chief financial officer, effective August 3, 2026. Mehra moves to a newly created role as chief business officer, and Craig Vosburg becomes vice chair as Linda Kirkpatrick takes over as chief services officer. The filing covers leadership and compensation changes only and includes no financial results or guidance.
Ling Hai, age 56, joined Mastercard in 2010 and will receive a $850,000 base salary and a $1,500,000 long-term incentive award in restricted stock units
Sachin Mehra, age 55, moves from chief financial officer to chief business officer, responsible for country operations across the globe
Timothy Murphy, Vice Chair, will retire from Mastercard in October 2026
Ling Hai's daughter is a Mastercard employee who earned $127,262 in base salary and cash bonus in 2025, as disclosed in the proxy statement
Mastercard said its Corporate Controller and principal accounting officer, Sandra Arkell, will become Chief Audit Executive effective August 3, 2026, and Chris Mullett will succeed her in the controller and principal accounting officer roles on that date. The change affects who signs the company's accounting oversight roles, and the filing describes it as an internal move without any change to pay terms beyond standard employee arrangements.
Sandra Arkell moves from Corporate Controller to Chief Audit Executive effective August 3, 2026.
Chris Mullett, age 52, will succeed Arkell as Corporate Controller and principal accounting officer effective August 3, 2026.
Mullett joined Mastercard in November 2017 and has been Chief Financial Officer, Europe since May 2023.
Mullett's compensation is described as a base salary comparable to other employees, with participation in standard company plans.
Mastercard reported first quarter 2026 net revenue of $8.4 billion, up 16% from a year earlier, and diluted EPS of $4.35 versus $3.59. Results include a $202 million restructuring charge, and adjusted diluted EPS was $4.60. Shareholders also received $4.0 billion of buybacks and $777 million of dividends in the quarter.
Net revenue rose 16% to $8.4 billion (12% on a currency-neutral basis), from $7.3 billion.
Net income was $3.9 billion; diluted EPS was $4.35 versus $3.59, and adjusted diluted EPS was $4.60.
A $202 million pre-tax restructuring charge was recorded; the company repurchased $4.0 billion of shares and had $11.7 billion left under approved programs as of April 27, 2026.
Mastercard's Human Resources and Compensation Committee approved higher base salaries and target annual bonus opportunities for two named executive officers, effective March 1, 2026. The filing shows the changes are for CFO Sachin Mehra and Chief Services Officer Craig Vosburg, and covers pay terms rather than company financial results.
CFO Sachin Mehra's base salary rises from $825,000 to $875,000, effective March 1, 2026
Mehra's target annual bonus rises from 150% to 175% of base salary
Chief Services Officer Craig Vosburg's base salary rises from $800,000 to $825,000; his target bonus rises from 135% to 150% of base salary
Mastercard reported fourth quarter 2025 net revenue of $8.8 billion, up 18% from a year earlier, with diluted EPS of $4.52 versus $3.64. For the full year, net revenue rose 16% to $32.8 billion and diluted EPS rose 19% to $16.52, and the company repurchased $11.7 billion of treasury stock in 2025 while paying $2.8 billion in dividends.
Q4 2025 net income was $4.1 billion, up 22%; adjusted diluted EPS was $4.76, up 25%
Full-year 2025 net income was $15.0 billion, up 16%; full-year diluted EPS was $16.52 versus $13.89
Quarter-to-date through January 26, 2026, the company repurchased 1.3 million shares for $715 million, leaving $16.7 billion under approved programs
Mastercard entered a committed five-year, $8 billion unsecured revolving credit facility on November 7, 2025, with a group of lead banks. It amends and restates the prior $8 billion facility, which was set to expire in November 2029, and extends the maturity to November 7, 2030. The filing does not report any drawn amounts, and it describes the facility as available for general corporate purposes.
Facility size: $8 billion, committed, unsecured, five-year revolving line of credit
Expiry extended from November 7, 2029 to November 7, 2030, replacing the prior $8 billion facility
Borrowings available in U.S. dollars and/or Euros, priced at SOFR or €STR plus rating-based margins
Covenants limit liens above the greater of $600 million or 4% of consolidated total assets and fundamental changes such as mergers
Mastercard and its subsidiary entered an updated class settlement with court-appointed counsel for a US merchant injunctive relief class, with Visa also a party. The agreement is subject to final approval by the Eastern District Court of New York, and Mastercard says it would resolve all pending US merchant litigation seeking changes to its interchange structure and merchant acceptance rules. A 10 basis point reduction in the average systemwide effective interchange rate on US-issued consumer and commercial credit transactions would reduce Mastercard's interchange revenue on those transactions, a cost to shareholders that is weighed against the removal of ongoing litigation risk.
Both Mastercard and Visa agree to a 10 basis point reduction in the average systemwide effective interchange rate on US-issued consumer and commercial credit transactions at US merchant locations.
The interchange reduction is designed to act as a cap for five years.
The agreement is subject to final approval by the Eastern District Court of New York, expected most likely in late 2026 or early 2027.
Mastercard does not admit to any improper conduct regarding the plaintiffs' allegations.
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Mastercard filing is on SEC EDGAR ↗. 8-K briefs of other companies →