How Mastercard is responding to the Iran war
Mastercard's earnings beat Wall Street expectations, despite a decline in cross-border travel payments due to the Iran war. The company slightly bumped its outlook for 2026 and reported a 12% increase in net revenue for the quarter ending March 31.
Mastercard's earnings exceeded Wall Street analyst expectations. The company's cross-border travel volume grew 2% in April through April 28th, down from 8% in the first quarter of 2026. Mastercard's diversified business model reduces concentration risk, and the war has not significantly dented its positive outlook for 2026. The company reported net revenue of $8.4 billion, up 12% from the prior year, and earnings per share of $4.60, up 18%. Mastercard is improving its position in stablecoins through a partnership with stablecoin technology developer BVNK. The company projects a full-year revenue increase of just below 15%, partly based on the war ending during the second quarter.
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