Added to YB: 2026-08-27
Pitch date: 2026-08-20
MA [neutral]
Mastercard Incorporated
+4.16%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally.
Market Cap
$525.5B
Pitch Price
$574.55
Price Target
N/A
Dividend
0.58%
EV/EBITDA
24.25
P/E
32.99
EV/Sales
15.35
Sector
Financial Services
Category
growth
Payments and FinTech Earnings Recap: Q2 2026 - Mastercard Incorporated
MA (earnings): Q2 (June) solid; strong domestic spend, smaller-than-feared Middle East headwind. Raised FY26 organic net rev growth outlook to high-end of low-double-digits. Organic net rev +12% (flat vs Q1); FXN PV +10%, switched txns +9%, FXN cross-border +12%. Momentum sustaining: ex-Cap One US switched vol +10% first 4wks July (+2pts). Cross-border assessment rev +20% (vs V's 6%), favorable mix. Negatives: European PV growth slowed to 10.5% FXN (from >15% yr ago), below V for first time in several qtrs; VAS +18% but trails V, narrowing MA's rev outperformance vs V. Under radar: switch penetration 72% (55% in '18), boosts economics + data/VAS. Valuation: NTM P/E premium to V ~1.5pts vs 4pt 10yr avg.
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