other material
confidence high
sentiment neutral
materiality 0.35
Mastercard revises revenue disaggregation to payment network and value-added services categories
Mastercard Inc
- New revenue categories: payment network ($14,358M) and value-added services ($7,879M) for FY2022; no change to total net revenue of $22,237M.
- Historical data restated for 2020-2022 and quarterly periods; domestic assessments $8,794M, cross-border $6,597M, transaction processing $10,646M for FY2022.
- Value-added services revenue growth decelerated to 14% in 2022 vs 28% in 2021; payment network grew 20% vs 21%.
- Change is prospective, starting with 2022 10-K; provides clearer view of growth in services like cyber and data analytics.