Mastercard stock jumps after earnings beat and 4% job-cut plan; traders eye AmEx next
Mastercard shares rose 4.2% to $543.73 in after-hours trading after posting quarterly earnings and revenue above estimates and announcing a 4% workforce reduction. The company expects a $200 million restructuring charge in Q1 2026. Gross dollar volume climbed 7%, with cross-border transactions up 14%. Investors now await American Express earnings and January spending data.