MA
Published on 04/30/2026 at 08:36 am EDT
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 [email protected]
(END) Dow Jones Newswires
04-30-26 0830ET