# Mastercard posted a jump in first-quarter profit on Thursday as resilient consumer spending ensured sustained transaction volumes on its network.

*fintech · news · 2026-04-30 · Bnn Bloomberg*

## Key points

- Mastercard's net income rose to $3.9 billion, up from $3.3 billion last year.
- A seven percent increase in gross dollar volume was reported by Mastercard this quarter.
- Net revenue for the quarter grew 16 percent to $8.4 billion for Mastercard.
- Wealthier households drove most discretionary spending, highlighting a pronounced K-shaped economic trend.
- Higher gasoline prices due to the Iran war could begin affecting other spending categories.

**Companies:** Mastercard
**Countries:** United States, Iran, India

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/2026/04/30/mastercard-profit-climbs-on-steady-transaction-volumes/)

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