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Mastercard lets AI agents shop with virtual cards as agentic commerce expands

Mastercard lets AI agents shop with virtual cards as agentic commerce expands

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Agent Pay gives AI agents virtual cards and spending controls as Visa and Meta build competing tools.

Mastercard Incorporated (MA) price

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Market cap
Unavailable: latest SEC share count is older than 200 days
P/E (trailing)
33.5 (EPS to 2026-06-30)
Annual revenue
$32.8B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+16.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
Unavailable: the stored SEC inputs contain a nonzero or conflicting noncontrolling interest share
Annual operating margin
57.6% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Mastercard Incorporated and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Mastercard Incorporated MA · Price dated Oct 27, 2026 · tokenized MAx $610Unavailable33.5Unavailable$32.8BFY ended 2025-12-31 · 10-K+16.4%FY ended 2025-12-31 vs 2024-12-31 · 10-KUnavailable57.6%FY ended 2025-12-31
DoorDash, Inc. DASH · Price dated Oct 27, 2026 $171Unavailable89.3Unavailable$13.7BFY ended 2025-12-31 · 10-K+27.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K935,000,000FY ended 2025-12-31, attributable to the company · 10-K5.3%FY ended 2025-12-31
PayPal Holdings, Inc. PYPL · Price dated Oct 27, 2026 · tokenized PYPLx $56$46.6B10.7Unavailable$33.2BFY ended 2025-12-31 · 10-K+4.3%FY ended 2025-12-31 vs 2024-12-31 · 10-K5,233,000,000FY ended 2025-12-31, attributable to the company · 10-K18.3%FY ended 2025-12-31
MSCI Inc. MSCI · Price dated Oct 27, 2026 $602$43.0B31.8Unavailable$3.1BFY ended 2025-12-31 · 10-K+9.7%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,202,305,000FY ended 2025-12-31, attributable to the company · 10-K54.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 4:01 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Mastercard is expanding its push into agentic commerce with a payment option that lets consumers give AI agents virtual cards and authorize them to make online purchases on their behalf.

Through Mastercard Agent Pay, users can set spending limits, restrict purchases to specific merchants, or require approval before checkout. The system is designed to let AI agents move beyond product discovery and complete transactions within limits defined by the cardholder.

Mastercard is positioning itself alongside Visa in a growing race to build the payment infrastructure underlying AI shopping. Visa is rolling out Visa Intelligent Commerce and has also partnered with OpenAI to bring its payment network into agent driven shopping experiences.

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Meta is approaching the same market through Muse, its recently launched personal AI agent. Muse can perform tasks across the web and navigate shopping experiences, while users determine how much access and authority the agent receives.

Consumer willingness to hand over the final purchase remains limited. A YouGov survey of more than 3,300 US and UK fashion shoppers commissioned by ACI Worldwide found that only 7% would allow an AI assistant to make purchases without approval under predefined conditions. 

About 53% said they would not allow AI to buy on their behalf at all.

Shoppers were more interested in AI as a research tool. Price drop alerts and comparisons across retailers were each selected by 35% of respondents, while 18% valued personalized product recommendations.

Mastercard is also developing infrastructure intended to address concerns around authorization and disputes. Its Verifiable Intent system creates a record of who authorized an AI agent, what it was instructed to do, and the transaction that followed. 

Mastercard says the system can provide an audit trail when a purchase is disputed.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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