Morning Interest
CURATED BYPaul Ivinskas

Companies

Mastercard

Ticker MA. Card network.

5 items in 5 issues, Oct 29, 2026 to Nov 4, 2026, newest first. Each item links to the issue it ran in, where its sources are listed.

Related: Payments and networksVisa

November 2026

  • Wed, Nov 4 · Earnings

    Mastercard. Mastercard's U.S. gross dollar volume rose 6% to $867 billion in the third quarter, trailing 8% growth to $2.08 trillion outside the U.S. It also expanded its HDFC Bank partnership in India with a small-business deal that could add up to 3 million cards.

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  • Mon, Nov 2 · Worth a read

    Honor all cards. Lynne Marek (Payments Dive, Oct 29) argues that letting merchants refuse some Visa and Mastercard cards may change little: turning cards away adds checkout friction, and premium cards often bring bigger, more profitable sales despite higher fees.

    Read in the issue →

October 2026

  • Sat, Oct 31 · Cards & payments

    Honor-all-cards. Visa and Mastercard's proposed settlement of roughly 20 years of merchant litigation would drop the rule that merchants accepting one of their cards must accept all, including higher-fee premium cards, and give more room to surcharge them. It still needs a judge's final approval. Some merchants and advisers call it an "empty benefit" because premium cardholders tend to spend more; Amex, not a party, responded "Good luck."

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  • Fri, Oct 30 · Earnings

    Mastercard. "Overall, underlying spend remains strong and consumers and businesses are spending." (Ling Hai, CFO). "...consumers continue to spend, businesses continue to invest, and commerce continues to expand." (Michael Miebach, CEO). "To date, consumers and businesses have demonstrated resilience." (Ling Hai). On the call, Mastercard put US gross dollar volume growth at 6%, with credit up 10% and debit up 1%.

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  • Thu, Oct 29 · Earnings

    Mastercard Q3. Reported this morning. Net revenue $9.8B, up 14%; GAAP EPS $5.28 (+22%) and adjusted EPS $5.31 (+21%). Gross dollar volume rose 7% in local currency to $3.0T, cross-border volume 11%, and switched transactions 9%. Value-added services revenue grew 19%. Mastercard bought back $3.0B of stock and paid $763M in dividends in the quarter, with $4.9B left on its authorization.

    Read in the issue →