| Segment Reporting Mastercard has concluded it has one reportable operating segment, “Payment Solutions.” The following represents the selected financial information of the Payment Solutions segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | (in millions) | Net revenue | | $ | 9,807 | | | $ | 8,602 | | | $ | 27,482 | | | $ | 23,985 | | Less: | | | | | | | | | Personnel | | 2,028 | | | 1,893 | | | 6,012 | | | 5,433 | | Professional fees | | 162 | | | 128 | | | 414 | | | 348 | | Data processing and telecommunications | | 386 | | | 324 | | | 1,104 | | | 930 | | Foreign exchange activity | | 42 | | | 26 | | | 159 | | | 68 | | Advertising and marketing | | 252 | | | 245 | | | 622 | | | 610 | | Depreciation and amortization | | 326 | | | 290 | | | 934 | | | 846 | | Provision for litigation | | 74 | | | 83 | | | 156 | | | 330 | | Investment income | | (88) | | | (81) | | | (257) | | | (239) | | (Gains) losses on equity investments, net | | 5 | | | (41) | | | 73 | | | (16) | | Interest expense | | 250 | | | 186 | | | 653 | | | 563 | | Other (income) expense, net | | (46) | | | (2) | | | (152) | | | (23) | | Income tax expense | | 1,113 | | | 1,072 | | | 3,141 | | | 2,794 | | Other segment items 1 | | 675 | | | 552 | | | 1,725 | | | 1,433 | | Consolidated net income | | $ | 4,628 | | | $ | 3,927 | | | $ | 12,898 | | | $ | 10,908 | |
1Includes fulfillment costs, occupancy costs, travel and meeting expenses and other overhead expenses.
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