Mastercard (MA) Investor Update summary

Strategic Vision and Market Trends

• Emphasizes a virtuous cycle of growth driven by a strategy to grow, diversify, and build across consumer payments, commercial payments, and new payment flows and services.

• Accelerated digitization, B2B modernization, and AI adoption are driving opportunities in payments and services.

• Strategy centers on growing core business, diversifying into new geographies, and building future areas, enabled by people, brand, data & AI, and technology.

• Outperformed the S&P 500 by 18% over three years and returned $83 billion to shareholders since IPO.

• Structural tailwinds and global economic trends enable flexibility and resilience amid geopolitical and macroeconomic shifts.

Consumer Payments and Secular Shift

• Serviceable addressable market estimated at $54 trillion, with $11 trillion in cash still to digitize globally.

• Unparalleled global reach with 3.4B credentials and over 150M acceptance locations in 220+ countries, including China.

• Contactless and digital-first technologies now power 70% of in-store transactions; tokenization powers over 30% of transactions, improving security.

• Focus on cash displacement, digital enablement, and expanding into underpenetrated verticals and new geographies.

• Market transformation initiatives include token economy, real-time clearing, and partnerships with fintechs and local initiatives.

Commercial Payments and New Flows

• $100 trillion addressable market in B2B, disbursements, and remittances, with only 2% share currently.

• Expanding commercial card acceptance, innovating in invoiced payments, and scaling Mastercard Move to reach 95% of the world’s banked population.

• Embedding payments in platforms and workflows to capture new flows and verticals, including trade, logistics, and healthcare.

• Continued penetration of commercial payments, with about one-third market share and growth in new geographies.

• Focused on SME financial inclusion and integrating with banking platforms to scale new flows.