Timothy Murphy
Timothy Murphy, age 59, Vice Chair, will retire from Mastercard in October 2026.
Highest-materiality recent filing
Ling Hai appointed CFO effective Aug 3, 2026; receives $850K base salary, 150% target bonus, $1.5M LTI RSU.
Mastercard names Chris Mullett as Corporate Controller; Arkell to Chief Audit Executive
Sandra Arkell will step down as Corporate Controller and principal accounting officer to become Chief Audit Executive, effective August 3, 2026.
Mastercard Q1 2026: net income $3.9B, EPS $4.35; revenue $8.4B +16% YoY
GAAP net income $3.9B, diluted EPS $4.35; adjusted net income $4.1B, adjusted EPS $4.60.
CFO Sachin Mehra base salary raised to $875,000 from $825,000; bonus target increased to 175% of base.
Mastercard Q4 net revenue $8.8B (+18% YoY); adj. EPS $4.76
Q4 GAAP diluted EPS $4.52; adjusted diluted EPS $4.76 (vs $3.82 prior year).
Mastercard enters $8B revolving credit facility maturing 2030, replacing prior facility
New $8B five-year unsecured revolving credit facility expires November 7, 2030.
Mastercard settles merchant class action with Visa; 10 bps interchange cut, 5-year cap
10 bps reduction in average systemwide effective interchange rate on U.S.-issued consumer & commercial credit transactions at U.S. merchants.
Mastercard Q3 GAAP EPS $4.34, adjusted $4.38; revenue $8.6B +17% YoY
Net income $3.9B ($4.34 diluted EPS); adjusted net income $4.0B ($4.38 adjusted diluted EPS).
Mastercard Q2 revenue $8.1B (+17% YoY), EPS $4.07, adjusted $4.15
Q2 GAAP net income $3.7B; diluted EPS $4.07 (up 16% YoY); adjusted EPS $4.15.
Amendments limit officer liability under Delaware law and eliminate all Industry Director provisions; effective June 25, 2025.
Mastercard Q1 net income $3.3B, diluted EPS $3.59; revenue up 14% YoY
Net revenue $7.3B, up 14% (17% currency-neutral); payment network revenue +13%.
Mastercard closes $1.25B note offering across three tranches due 2028 and 2032
Issued $300M floating rate notes due 2028, $450M 4.550% notes due 2028, $500M 4.950% notes due 2032.
Mastercard appoints Tim Murphy Vice Chair, Richard Verma as new CAO effective May 1
Tim Murphy, current Chief Administrative Officer, transitions to Vice Chair effective May 1, 2025.
Base salary rises from $1.25M to $1.4M effective March 1, 2025.
Mastercard Q4 net revenue $7.5B (+16% CC); adj EPS $3.82; GDV +12%
Q4 GAAP net income $3.3B, diluted EPS $3.64; adjusted EPS $3.82 vs $3.18 YoY.
Mastercard sets 2025-2027 targets: revenue CAGR high-end low double-digits, EPS CAGR mid-teens
Net revenue CAGR target: high-end of low-double-digits (currency-neutral, 2024 base).
Mastercard Q3 net income $3.3B, adj. EPS $3.89; revenue +13%, volume +10%
GAAP diluted EPS $3.53 ($3.3B net income); adjusted diluted EPS $3.89 ($3.6B) – both up YoY.
Mastercard issues $3B in three-tranche senior notes: 2028, 2032, 2035
$750M of 4.100% Notes due 2028, $1.15B of 4.350% Notes due 2032, $1.1B of 4.550% Notes due 2035.
Mastercard Q2 2024: EPS $3.50 ($3.59 adj.), revenue $7.0B +11%, cross-border +17%
GAAP net income $3.3B, diluted EPS $3.50; adjusted net income $3.3B, adjusted diluted EPS $3.59.
Mastercard's class settlement with merchants formally rejected by federal court
Eastern District Court of New York rejected the Class Settlement Agreement on June 25, 2024.
All 12 director nominees elected; say-on-pay approved with 742.9M votes for (95.3% of votes cast).
Mastercard issues $1B of 4.875% notes due 2034
Completed $1,000,000,000 aggregate principal offering of 4.875% Notes due 2034.
Timothy Murphy, age 59, Vice Chair, will retire from Mastercard in October 2026.
Vice Chair and Chief Services Officer Craig Vosburg, age 59, the Company’s Chief Services Officer, will transition from his current role to the role of Vice Chair.
Chief Financial Officer Ling Hai, age 56, the Company’s current President, Asia Pacific, Europe, Middle East and Africa, will be appointed to succeed Mr. Mehra as Chief Financial Officer of the Company.
Chief Business Officer Sachin Mehra, age 55, the Company’s Chief Financial Officer, will assume the role of Chief Business Officer.
Linda Kirkpatrick, age 49, the Company’s President, Americas, will succeed Mr. Vosburg as Chief Services Officer.
The Company also announced that effective as of August 3, 2026, Chris Mullett will be appointed to succeed Ms. Arkell as Corporate Controller and principal accounting officer of the Company.
On May 7, 2026, Mastercard Incorporated (“Mastercard” or the “Company”) announced that Sandra Arkell, the Company’s Corporate Controller and principal accounting officer, will assume the role of Mastercard’s Chief Audit Executive effective August 3, 2026, at which time she will step down from her current role.
On February 26, 2025, Mastercard Incorporated (“Mastercard” or the “Company”) announced that Timothy Murphy, 57, a Named Executive Officer and the Company’s Chief Administrative Officer, will transition from his current role to the role of Vice Chair, effective May 1, 2025.
The Company also announced that effective May 1, 2025, Richard Verma will re-join Mastercard and succeed Mr. Murphy as Chief Administrative Officer.
Max materiality 0.80 · Median 0.62 · Most common event earnings