Mastercard Inc
MAQ2 2023(MA Q1 FY2023)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$9.7B
AI Revenue (Q)
$342.6M
Total Revenue (Q)
$6.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2023 net revenue was $5,748M. Starting this quarter, Mastercard introduced a new revenue disaggregation: Payment Network $3,650M and Value-Added Services & Solutions (VAS) $2,098M. VAS includes cyber/intelligence, consulting, analytics, loyalty, marketing, processing, and personalization. Not all VAS is AI-powered. AI products (Decision Intelligence, Dynamic Yield, NuData, RiskRecon, AI analytics) represent a subset of VAS. Estimating ~14% of VAS is AI-driven: $2,098M * 0.14 = ~$294M. $294M / $5,748M = 5.1%, rounded to 5.0%. The increase from Q4 2022 reflects full integration of Dynamic Yield and expanded DI deployment.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue by category: Payment network $3,650 Value-added services and solutions $2,098 Net revenue $5,748
10-Q Mar 2023, Note 3 Revenue
Net Revenue $5,748
10-Q Mar 2023, Consolidated Statement of Operations
AI Products Identified (Ring 1)
Decision IntelligenceDynamic YieldNuData SecurityRiskReconEthoca
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Value-Added Services and Solutionscyber and intelligence solutionspersonalizationanalytics
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix