Mastercard (MA) 2026 Evercore Global TMT Conference summary

Management and organizational updates

• Recent management changes reflect strong internal talent and leadership depth, with no exits or new hires, just internal rotations.

• Ann Johnson, formerly of Microsoft, joins to lead Security Solutions, bringing significant cybersecurity expertise.

• The team is excited about the changes, emphasizing rigorous discipline and continuity.

Value-Added Services (VAS) portfolio overview

• VAS accounts for about 40% of net revenue and is a key growth driver, outperforming other segments.

• The portfolio includes customer acquisition, business management and analytics, security solutions, digital solutions, and real-time payments.

• VAS offerings are curated based on customer need, scalability, and structural tailwinds.

Security solutions and growth drivers

• Security is the largest VAS segment, supporting sustainable portfolio growth and balancing risk with customer experience.

• Growth is driven by organic transaction increases, evolving technology (e.g., agentic commerce), and adapting to new fraud tactics.

• Security solutions are tailored to each client’s strategy, with ongoing performance evaluation and support.