# Mastercard stock Q3 2026: a $9.8bn quarter, 19% services growth and a stablecoin bet
> Mastercard stock Q3 2026: net revenue up 14% to $9.8bn, services up 19% and a $1.4bn stablecoin deal. Our DCF says $493 vs a $638 price. Here is why.

Agent brief for this QSI Labs research article. Prefer this file for quick facts; use the HTML page for the full human layout, or article.md for the full text.

## Facts
- Ticker: MA
- QSILabs fair value: $493.00 USD
- Price: $638.01 (as of 2026-10-30)
- As of: Q3 2026 results (quarter ended 2026-09-30), Form 8-K and Form 10-Q filed 2026-10-29
- Published: 2026-11-02
- Author: QSI Labs Research
- Canonical: https://www.quantitativesuperintelligencelabs.com/research/mastercard-stock-q3-2026-earnings-services-stablecoins/

## Short answer
Mastercard stock ends October 2026 at a one-year high after a quarter that showed both halves of the business working at once. Mastercard stock in Q3 2026 rests on two engines: the card network, which grew payment network revenue 11%, and value-added services and solutions, which grew 19% and now make up 41% of net revenue. Net revenue rose 14% to $9.8bn and diluted earnings per share rose 22% to $5.28. All figures are as of Mastercard's Q3 2026 results, reported on 29 October 2026; share prices are as of the 30 October 2026 close of $638.01.

## Key takeaways
- Value: the QSILabs discounted cash flow value for Mastercard (MA) is $493.00 per share as of its Q3 2026 results, against a $638.01 close on 30 October 2026, about 23% lower.
- Quarter: Mastercard net revenue was $9,807m in Q3 2026 (quarter ended 30 September 2026), up 14% from $8,602m a year earlier, with diluted EPS of $5.28 (+22%) and adjusted EPS of $5.31 (+21%) (Mastercard 8-K, 29 October 2026).
- Services: value-added services and solutions revenue rose 19% to $4,058m, while payment network revenue rose 11% to $5,749m.
- Network: gross dollar volume rose 7% in local currency to $2.95 trillion, cross-border volume rose 11% and switched transactions 9%.
- Outlook: Mastercard expects 2026 and fourth-quarter net revenue growth at the high end of the low double digits, currency-neutral and excluding acquisitions; analysts expect 2026 revenue of $37.35bn and 2027 revenue of $42.05bn.
- Cash returns: in the first nine months of 2026 Mastercard spent $11.9bn on buybacks and $2.3bn on dividends, more than its $10.7bn of free cash flow, and closed the $1.4bn acquisition of stablecoin company BVNK.

## Full versions
- [HTML](https://www.quantitativesuperintelligencelabs.com/research/mastercard-stock-q3-2026-earnings-services-stablecoins/)
- [Markdown](https://www.quantitativesuperintelligencelabs.com/research/mastercard-stock-q3-2026-earnings-services-stablecoins/article.md)
- [PDF](https://www.quantitativesuperintelligencelabs.com/research/mastercard-stock-q3-2026-earnings-services-stablecoins/mastercard-stock-q3-2026-earnings-services-stablecoins.pdf)
- [This agent brief](https://www.quantitativesuperintelligencelabs.com/research/mastercard-stock-q3-2026-earnings-services-stablecoins/llms.txt)

Publisher: QSI Labs (Quantitative Super Intelligence Labs)
Site index: https://www.quantitativesuperintelligencelabs.com/llms.txt