MA

LONG

MASTERCARD INCORPORATED

Funds

Score

4.50

vs SPY

-17.3%

Stock return (since Q-end)

-1.0%

SPY return (since Q-end)

+16.3%

Current price

$493.98

News Summary

Negative

Mastercard beat Q1 EPS estimates ($4.35 vs. $4.54 consensus) and raised FY2026 guidance to low teens growth, but stock fell 4.42% due to decelerating cross-border volumes (13% Q1 to 9% by late April) and geopolitical headwinds in the Middle East. Management faces regulatory headwinds including a new UK competition investigation and ongoing merchant interchange fee litigation, while Q2 guidance assumes the Middle East conflict resolves by end-of-quarter.

Red flags

•Revenue missed consensus estimates ($8.398B vs. ~$8.494B expected)
•Cross-border volume growth decelerated sharply from 13% (Q1) to 9% (late April), with travel segment collapsing from 8% to 2%
•New UK competition investigation opened in May 2026
•Class-action interchange fee settlement criticized as inadequate by major merchant groups; potential for Congressional intervention
•Q2 guidance contingent on Middle East conflict resolution by end of quarter (material downside risk if assumption fails)
•4.42% stock decline post-earnings despite EPS beat, reflecting investor concern about growth deceleration trend

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Point72	Steve Cohen	77K	+77K	$38.4B	—	NEW
Lone Pine Capital	Steve Mandel	57K	+57K	$28.6B	—	NEW
Soros Fund Management	Soros Family Office	30K	+30K	$15.2B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.