Mastercard Inc
MAQ1 2024(MA Q4 FY2023)Estimated5.5% AI
AI Revenue %
5.5%
AI Fair Value
$11.4B
AI Revenue (Q)
$376.9M
Total Revenue (Q)
$6.9B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2023 net revenue was $6,548M (derived: FY2023 $25,098M minus 9M $18,550M). 9-month VAS was $6,617M out of $18,550M (35.7%). Applying similar VAS share to Q4: ~$2,340M VAS out of $6,548M. The 10-K describes the company's strategy as 'Enabled by People Brand Data & AI Technology Franchise' and mentions 'cyber and intelligence solutions designed to allow all parties to transact securely.' Estimating ~15.5% of VAS as AI-driven: ~$2,340M * 0.155 = ~$363M. $363M / $6,548M = 5.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Mastercard has concluded it has one reportable operating segment, Payment Solutions
10-K 2023, Note 24 Segment Reporting
Our value-added services include, among others, cyber and intelligence solutions designed to allow all parties to transact securely, easily and with confidence, as well as other services that provide proprietary insights, drawing on our principled and responsible use of secure consumer and merchant data
10-K 2023, Item 1 Business
AI Products Identified (Ring 1)
Decision IntelligenceDynamic 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 solutionspersonalizationanalytics
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix