MastercardMA

01Net revenue from value-added services and solutions increased 21%, or 18% on a currency-neutral basis, versus the comparable period in 2025 The increase was driven primarily by (1) growth in our underlying key drivers, (2) our security solutions, digital and authentication solutions, consumer acquisition and engagement services and business and market insights and (3) pricing Net revenue from our payment network included $11,636 million of rebates and incentives provided to customers, which increased 22%, or 19% on a currency-neutral basis

02Cross-border assessments are charges based on activity related to cards that carry the Company's brands where the merchant country and the country of issuance are different Net revenue from our payment network increased 11%, or 8% on a currency-neutral basis, versus the comparable period in 2025. The increase was primarily driven by growth in domestic and cross-border dollar volumes GDV on a U.S. dollar-converted basis increased 9% and 10%, respectively, while GDV on a local currency basis increased 8% for each of the periods

03Mastercard's rules guarantee the settlement of many of the payment network transactions between its customers Historically, the Company has experienced a low level of losses from customer settlement failures Mastercard requires certain customers that do not meet the Company's risk standards to enter into risk mitigation arrangements, including cash collateral and/or forms of credit enhancement such as letters of credit and guarantees

04In June 2026, we issued $5.000 billion principal amount of notes The net proceeds from the issuance of the 2026 USD Notes, after deducting the original issue discount, underwriting discount and offering expenses, were $4.978 billion In December 2025, our Board of Directors approved programs authorizing us to repurchase shares of our Class A common stock up to $14.0 billion As of June 30, 2026, the remaining authorization under share repurchase programs approved by the Company's Board of Directors was $8.5 billion