| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 30, 2026 | 8/12 | 2 high, 4 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q1'26 | April 30, 2026 | 11/12 | 2 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q4'25 | 2026-01-29 | 9/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | Expand World Legend affluent card program Multiple new issuers including HSBC Hong Kong, Bancolombia |
| Q2'26 | Exceeded | Launch verifiable intent for agentic commerce Not only launched but FIDO Alliance adopted as foundation for standards |
| Q2'26 | Delivered | Continue to scale MasterCard Move with 17 billion endpoints Added Bank of Shanghai, OneInc partnerships |
| Q2'26 | Delivered | Full year net revenue growth at high end of low double digits Maintained guidance despite Middle East headwinds |
| Q2'26 | Pending | BVNK acquisition to close in Q3 On track per management commentary |
| Q2'26 | Pending | Cross-border recovery assuming conflict ends Q2 Pushed out timeline language, now just 'monitoring' without specific recovery assumption |
| Q1'26 | Exceeded | Capital allocation discipline with share repurchases Accelerated to $4B in Q1 vs typical $3.6B, citing valuation opportunity |
| Q1'26 | Delivered | Threat Intelligence scaling across payment network 500+ customers engaged in short period since launch |
| Q1'26 | Delivered | Mastercard Move scaling with expanded endpoints Now at 17 billion endpoints with 35%+ transaction growth |
| Q1'26 | Delivered | VAS growth algorithm execution across regions Organic 18% growth across all regions and product areas |
| Q1'26 | Delivered | High end of low double digits revenue growth for 2026 Maintained full year guidance despite Middle East headwinds |
| Q1'26 | Exceeded | Enable global issuer base for Agent Pay by end of Q1 Actually enabled nearly all Mastercards globally, not just issuers |
| Q4'25 | Exceeded | Operating expense growth at low double digits for 2025 (Q3 call) Came in lower due to government grants benefit |
| Q4'25 | Delivered | Continue to see healthy consumer and business spending (Q3 call) Maintained through Q4 and into January, though added uncertainty qualifiers |
| Q4'25 | Pending | Agent Pay global rollout early next year (Q3 call) Now more specific: global issuer base enabled by end of Q1 2026 |
| Q4'25 | Delivered | Capital One debit migration impact not material to 2025 net revenue (Q3 call) Confirmed 2025 impact was not material as guided |
| Q4'25 | Delivered | Q4 having highest contra percentage relative to other quarters (Q3 call) Confirmed higher rebate seasonality in Q4 as expected |
| Q4'25 | Delivered | Q4 net revenue growth at high end of low double digits (Q3 guidance) Hit 15% growth which is high end of 10-12% range |
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