New York, January 24, 2026, 10:36 EST — Market closed.
- Shares of Mastercard dropped 1.52% on Friday, ending the session at $524.74. 1
- Mastercard will hold its Q4 and full-year 2025 earnings call on Jan. 29 at 9:00 a.m. ET. 2
- The Federal Reserve’s upcoming policy meeting is scheduled for Jan. 27–28. 3
Mastercard (MA) shares ended Friday down 1.5% at $524.74, with volume picking up beyond recent norms as investors brace for a busy week ahead. 4
The upcoming checkpoint is Mastercard’s fourth-quarter and full-year 2025 earnings report, set for Thursday, Jan. 29. A management call follows at 9:00 a.m. Eastern. Investors will be looking closely for insights on holiday spending trends and cross-border volume — transactions where buyer and seller are in different countries. 5
Investors are focused on the Fed between now and then. The central bank wraps up its two-day meeting Wednesday, with a rate decision set for 2:00 p.m. ET and a press conference following at 2:30 p.m. Even if rates hold steady, these events can unsettle growth stocks sensitive to borrowing costs. 6
Friday’s figures left the debate unresolved. S&P Global’s flash composite PMI, a key business activity indicator, remained steady at 52.8. Price measures, however, stayed elevated, with tariffs once again named as a main factor, Reuters reported. Chris Williamson, chief business economist at S&P Global Market Intelligence, noted, “Increased costs, widely blamed on tariffs, are again cited as a key driver of higher prices.” 7
The Dow slipped 0.58% on the day, while the S&P 500 stayed mostly flat. Intel’s drop after a grim outlook capped gains and kept traders on edge. “We’re feeling pretty good, but mindful we might have some significant twists and turns,” said Jason Blackwell, chief investment strategist at Focus Partners Wealth. 8
Mastercard’s shares rose 1% on Thursday, snapping a four-day slide, only to pull back on Friday. This sharp flip-flop has shifted focus squarely onto next week’s earnings report, rather than the daily price moves. 9
Visa, Mastercard’s nearest rival in U.S. card networks, will report earnings Thursday, Jan. 29, after the market closes. Its executives are set to speak at 5:00 p.m. Eastern, a timing that could offer fresh insight into travel-related card spending and cross-border trends. 10
American Express is scheduled to report on Friday, Jan. 30, with its earnings call at 8:30 a.m. ET, the company confirmed. Since Amex also extends credit directly to cardholders, its insights on spending and credit trends often influence payment stocks, even though the business models vary. 11
Investors usually zero in on Mastercard’s payment volumes, cross-border growth, and fee outlook linked to transactions. They also watch for any expense shifts that might affect margin forecasts. Often, guidance weighs heavier than the actual profit numbers.
Still, the dynamic works both ways. If the Fed sounds firmer than anticipated, or if signs emerge that cross-border activity slowed down at the quarter’s end, stocks could take a hit after their rocky start this year.
The initial test for the market comes Wednesday, Jan. 28, with the Fed’s policy statement and Chair Jerome Powell’s press conference. Mastercard’s earnings follow a day later. These two will likely shape MA’s direction when trading picks back up Monday and heads into earnings week. 12
