Mastercard ended the first half of 2026 with a heavier capital return profile and a larger share repurchase authorization still in place.
The board declared three quarterly dividends of $0.87 per share for 2026, with aggregate payouts of $777 million for the February 9 payment date, $771 million for the May 8 payment date, and $763 million for the August 7 payment date. The company said it intends to continue paying quarterly cash dividends, subject to legally available funds and board approval.
On buybacks, Mastercard said its board approved a $14.0 billion repurchase program in December 2025, following a $12.0 billion authorization in December 2024. The 2025 program became effective in March 2026 after the 2024 program was completed.
For the six months ended June 30, 2026, Mastercard repurchased 17.6 million shares of Class A common stock for $8.933 billion, at an average price of $508.11 per share. That left $8.528 billion of authorization remaining at June 30, 2026, down from $17.461 billion at December 31, 2025. The company also repurchased $697 million of stock between July 1, 2026 and July 27, 2026.
On market risk, Mastercard said its exposure to foreign exchange and interest rate movements is limited. It reported that a hypothetical 10% adverse move in functional currencies would have produced a fair value net loss of about $319 million on outstanding foreign exchange derivative contracts at June 30, 2026, compared with $405 million at December 31, 2025, before considering the offset from the underlying hedged activity. As a result of these announcements, the company's shares have moved 2.54% on the market, and are now trading at a price of $577.625. If you want to know more, read the company's complete 10-Q report here.
