Mastercard Inc
MAQ3 2024(MA Q2 FY2024)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$12.9B
AI Revenue (Q)
$411.1M
Total Revenue (Q)
$6.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 net revenue was $6,961M. VAS was $2,586M (37.2% of total), Payment Network was $4,375M. VAS grew 17.8% YoY (from $2,196M in Q2 2023). H1 VAS = $5,014M, H1 PN = $8,295M. The faster VAS growth is driven in part by increased AI product penetration. Estimating ~16% of VAS as AI-driven: $2,586M * 0.16 = ~$414M. $414M / $6,961M = 5.9%, rounded to 6.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue by category: Payment network $4,375 [Q2] ... $8,295 [H1] Value-added services and solutions $2,586 [Q2] ... $5,014 [H1] Net revenue $6,961 [Q2] ... $13,309 [H1]
10-Q Jun 2024, Note 2 Revenue
Net Revenue $6,961 [Q2 2024]
10-Q Jun 2024, Consolidated Statement of Operations
AI Products Identified (Ring 1)
Decision IntelligenceDecision Intelligence ProDynamic YieldNuData SecurityRiskReconEthocaAI-powered analytics
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 solutionspersonalizationgenerative AI fraud detection
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix