MA · Earnings call · 2026Q2T · Full report

Value-Added Services Mix

Mastercard Inc · 2026-07-30 · Importance 26 · Surprise 24

Approximately 60% of Mastercard’s value-added services revenue is network linked, while the remaining 40% continues to grow. Security acquisitions are generally network linked, and management expects their rollout and synergies could gradually increase the proportion of network-linked revenue. Mastercard intends to preserve a deliberate balance between network-linked services and marketing services, which management said would not change dramatically because of one or two acquisitions.

Key facts

• About 60% of Mastercard's value-add services and solutions net revenue is network linked.
• Value-added services net revenue was up 18% year-over-year on a non-GAAP currency-neutral basis in Q2 2026.
• Approximately 60% of Mastercard's VAS revenue is network linked.
• The remaining 40% of VAS revenue continues to grow at a healthy clip.