Mastercard Inc
Close on Nov 3, 2026Market cap $566.94BP/E –Yield 0.49%
Mastercard Switched Volume by Quarter
Switched Volume — Monthly & Quarterly YoY growth (%, currency-neutral, through Jul 28, 2026 / Q3 '26 MTD) (%)
Mastercard Switched Volume: 9.0% in Q3 '26, down 2.0 pts from a year earlier. That is the lowest of the 19 quarters on record here.
Where the Q3 '26 figure comes from
“Switched volume1 9% 9% 9% 11% 9% 9%”
Source: Mastercard Presentation FY2026Q2 ↗
Monthly (`2022-01..2026-07`) and quarterly (`FY2022Q1..FY2026Q3`) currency-neutral Switched Volume YoY growth from Slide 9 ('Business Update Through ...') across all 18 quarterly Earnings Presentations. July 2026 (`2026-07`) and `Q3 '26` (`FY2026Q3`) reflect intra-quarter performance through July 28, 2026 (+11% YoY).
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Switched Volume — Monthly & Quarterly YoY growth (%, currency-neutral, through Jul 28, 2026 / Q3 '26 MTD) (%) | Year on year | Source |
|---|---|---|---|---|
| Q3 '26 | Sep 30, 2026 | 9.0% | -2.0 pts | Mastercard Presentation FY2026Q2 ↗ |
| Q2 '26 | Jun 30, 2026 | 9.0% | -2.0 pts | Mastercard Presentation FY2026Q2 ↗ |
| Q1 '26 | Mar 31, 2026 | 9.0% | -2.0 pts | Mastercard Presentation FY2026Q2 ↗ |
| Q4 '25 | Dec 31, 2025 | 9.0% | -4.0 pts | Mastercard Presentation FY2026Q1 ↗ |
| Q3 '25 | Sep 30, 2025 | 11.0% | 0.0 pts | Mastercard Presentation FY2025Q4 ↗ |
| Q2 '25 | Jun 30, 2025 | 11.0% | +1.0 pts | Mastercard Presentation FY2025Q3 ↗ |
| Q1 '25 | Mar 31, 2025 | 11.0% | -1.0 pts | Mastercard Presentation FY2025Q2 ↗ |
| Q4 '24 | Dec 31, 2024 | 13.0% | +2.0 pts | Mastercard Presentation FY2025Q1 ↗ |
| Q3 '24 | Sep 30, 2024 | 11.0% | -3.0 pts | Mastercard Presentation FY2024Q4 ↗ |
| Q2 '24 | Jun 30, 2024 | 10.0% | -5.0 pts | Mastercard Presentation FY2024Q3 ↗ |
| Q1 '24 | Mar 31, 2024 | 12.0% | -6.0 pts | Mastercard Presentation FY2024Q2 ↗ |
| Q4 '23 | Dec 31, 2023 | 11.0% | -3.0 pts | Mastercard Presentation FY2024Q1 ↗ |
| Q3 '23 | Sep 30, 2023 | 14.0% | -4.0 pts | Mastercard Presentation FY2023Q4 ↗ |
| Q2 '23 | Jun 30, 2023 | 15.0% | -6.0 pts | Mastercard Presentation FY2023Q3 ↗ |
| Q1 '23 | Mar 31, 2023 | 18.0% | -9.0 pts | Mastercard Presentation FY2023Q2 ↗ |
| Q4 '22 | Dec 31, 2022 | 14.0% | – | Mastercard Presentation FY2023Q1 ↗ |
| Q3 '22 | Sep 30, 2022 | 18.0% | – | Mastercard Presentation FY2022Q4 ↗ |
| Q2 '22 | Jun 30, 2022 | 21.0% | – | Mastercard Presentation FY2022Q3 ↗ |
| Q1 '22 | Mar 31, 2022 | 27.0% | – | Mastercard Presentation FY2022Q1 ↗ |
Breakdown
What makes up switched Volume
Cite this data
StockData. (2026). Mastercard Switched Volume (%), quarterly Q1 '22–Q3 '26 [Data set]. Compiled from Mastercard SEC filings and investor materials. https://stockdatahq.com/stocks/ma/kpis/switched-vol-yoy-pct
See every metric in the Mastercard KPI table. Data updated Oct 25, 2026.
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