NYSE$MA
Mastercard · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Mastercard reported Q4 2025 net revenue of $8.8B with adjusted net income of $4.3B and adjusted diluted EPS of $4.76.
Fourth-quarter net revenue increased 18% to $8.8 billion (15% currency-neutral). Adjusted net income was $4.3 billion with adjusted diluted EPS of $4.76. Gross dollar volume rose 7% and purchase volume 9% on a local-currency basis. The company highlighted continued payment volume growth and cross-border travel recovery.
- Q4 net revenue $8.8B (+18% YoY).
- Adjusted diluted EPS $4.76.
- Purchase volume +9% local currency.
- Capital returns and dividend growth continue.
Headline financials
Revenue & EPS history
Mastercard · Revenue · Quarterly
$8.8B
Forward guidance
The release discusses Mastercard's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.
Tailwinds
- Mastercard cites operational execution and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.8%
Avg return
30 days after
62%
45 / 73 earnings
Positive
+11.0%
Q4 2021
Best reaction
-7.5%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -5.4% | -5.9% | |
| Q4 2025 | +3.5% | +5.6% | -0.8% | |
| Q3 2025 | -0.1% | -0.3% | -0.7% | |
| Q2 2025 | +1.3% | +1.2% | +6.5% | |
| Q1 2025 | -0.3% | +2.0% | +6.8% | |
| Q4 2024 | +3.1% | +1.9% | +5.0% | |
| Q3 2024 | -1.1% | -1.6% | +3.7% | |
| Q2 2024 | +3.3% | -1.2% | +8.0% | |
| Q1 2024 | -2.2% | -0.4% | -0.9% | |
| Q4 2023 | +3.5% | +2.6% | +7.1% | |
| Q3 2023 | -5.8% | -2.6% | +6.8% | |
| Q2 2023 | -2.3% | -1.3% | +0.1% | |
| Q1 2023 | +3.6% | +2.5% | +2.1% | |
| Q4 2022 | -2.2% | -3.1% | -7.7% | |
| Q3 2022 | +3.1% | +4.3% | +9.9% | |
| Q2 2022 | +3.1% | +1.7% | -3.3% | |
| Q1 2022 | +0.5% | -1.0% | -1.0% | |
| Q4 2021 | +11.0% | +13.8% | +7.1% | |
| Q3 2021 | -0.1% | -2.2% | -3.4% | |
| Q2 2021 | +0.7% | -4.1% | -7.2% | |
| Q1 2021 | -3.4% | -5.0% | -8.9% | |
| Q4 2020 | +0.3% | +6.0% | +12.2% | |
| Q3 2020 | -7.5% | -8.6% | +6.9% | |
| Q2 2020 | -0.2% | +1.6% | +18.4% | |
| Q1 2020 | +3.9% | +1.8% | +13.7% | |
| Q4 2019 | +1.3% | +1.3% | -9.4% | |
| Q3 2019 | +0.4% | +1.1% | +5.7% | |
| Q2 2019 | -3.3% | -4.3% | -0.0% | |
| Q1 2019 | +0.7% | +0.3% | +2.9% | |
| Q4 2018 | +4.8% | +5.8% | +11.4% | |
| Q3 2018 | +3.5% | +3.5% | +2.9% | |
| Q2 2018 | -5.2% | -7.5% | -2.2% | |
| Q1 2018 | +3.5% | +4.9% | +8.4% | |
| Q4 2017 | +0.9% | +0.2% | +3.6% | |
| Q3 2017 | -0.0% | +0.2% | +1.0% | |
| Q2 2017 | -2.4% | -1.1% | +1.3% | |
| Q1 2017 | +0.8% | +1.0% | +6.0% | |
| Q4 2016 | -3.9% | -2.5% | +1.9% | |
| Q3 2016 | +3.3% | +0.4% | +2.1% | |
| Q2 2016 | +1.6% | +1.6% | +2.9% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | -1.1% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | -0.0% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | +10.2% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | -7.3% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q2 2013 | +7.5% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | +3.5% | — | — | |
| Q2 2012 | -3.0% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q2 2011 | +0.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2011 | +9.7% | — | — | |
| Q1 2011 | +2.6% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | +5.4% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q1 2009 | -5.1% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q2 2009 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q4 2007 | -1.0% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q3 2008 | +1.1% | — | — | |
| Q2 2008 | +3.4% | — | — | |
| Q4 2008 | +3.4% | — | — |
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