Mastercard's Bull Case Takes a Hit: AI Push, Buyback Plan, and Job Cuts Raise Concerns.

Mastercard reported FY25 results with sales of $32.79bn and net income of $14.97bn. The company launched its Agent Suite for AI and expanded offerings like Next Gen fleet payments. Mastercard also announced a $14bn buyback and a 4% workforce reduction. The investment narrative involves believing in the company's core payment network generating large cash flows while newer services like AI tools and fleet solutions become more important.