Mastercard Inc
MAQ3 2023(MA Q2 FY2023)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$9.9B
AI Revenue (Q)
$342.6M
Total Revenue (Q)
$6.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2023 net revenue was $6,269M. VAS was $2,196M (derived: H1 VAS $4,294M minus Q1 VAS $2,098M). Payment Network was $4,073M. VAS grew 16.3% YoY, outpacing Payment Network growth of 12.9%, suggesting increasing contribution from higher-growth services including AI products. Estimating ~14% of VAS as AI-driven: $2,196M * 0.14 = ~$307M. $307M / $6,269M = 4.9%, rounded to 5.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue by category: Payment network ... Six Months $7,723 Value-added services and solutions ... Six Months $4,294 Net revenue ... Six Months $12,017
10-Q Jun 2023, Note 3 Revenue
Net Revenue $6,269 [Q2 2023]
10-Q Jun 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