Coverage summary
Aardvark Labs Capital Research has covered Mastercard (MA) since August 1, 2025. The company is in the Financial Services sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 30, 2026. The current rating is Outperform, unchanged since the Q4 2025 Earnings Recap of January 30, 2026. The rating has changed once since coverage began.
Translations: 5 in Chinese.
The Excel model for MA holds 18 quarters and 4 fiscal years of history and 10 quarters and 5 fiscal years of projections. It was last updated September 23, 2026.
Rating history
All MA reports
Recap: Q3 2026
Cash Conversion Recovers and the New CFO Keeps the Script; Part of the Revenue Beat Was Borrowed From Q4 — Maintaining Outperform
Recap: Q2 2026
Beats Its Own Conservative Guide and Nudges the Year Up; H1 Capital Returns Ran on Debt, Not Free Cash Flow — Maintaining Outperform
Recap: Q1 2026
Algorithm Holds Through Capital One + Middle East Conflict; FY 2026 c-n Guide Unchanged — Maintaining Outperform
Recap: Q4 2025
Capital One Credit Renewal Removes the Binary; FY 2026 Framework Held — Upgrading to Outperform, FV $620–680
Recap: Q3 2025
Solid Beat on a Tightening Algorithm; Capital One Debit Now Ramping — Maintaining Hold
Recap: Q2 2025
Premium Franchise, Full Multiple — Cross-Border Trajectory the Watch Item: Initiating at Hold