Mastercard Investor Presentation — January 2022

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Fourth Quarter and Full Year 2021 Financial Results Conference Call

January 27, 2022 ©2022 Mastercard

Michael Miebach:Financial Overview©2022 Mastercard

4th Quarter Selected Financial Performance

($ in millions, except per share data)

4Q 21 4Q 20 YOY Growth

Non-GAAP Non-GAAP As adjusted Currency-neutral

Net revenue $ 5,216 $ 4,120 27% 28%

Adjusted operating expenses 2,389 2,018 18% 19%

Adjusted operating income 2,827 2,102 34% 37%

Adjusted operating margin 54.2 % 51.0 % 3.2 ppt 3.6 ppt

Adjusted net income $ 2,314 $ 1,644 41% 44%

Adjusted diluted EPS $ 2.35 $ 1.64 43% 46%

Adjusted effective tax rate 14.7 % 17.5 %

Note: See Appendix A for Non-GAAP reconciliation.

Thanks, Michael. Turning to page 3 , which shows our financial performance for the quarter on a currency-

neutral basis excluding special items and the impact of gains and losses on our equity investments.

•Net Revenue was up 28% , reflecting the continued execution of our strategy and the ongoing recovery

in spending. Acquisitions contributed 3 ppt to this growth.

•Operating Expenses increased 19% , including a 7 ppt increase from acquisitions.

•Operating Income was up 37% , which includes a 1 ppt decrease related to acquisitions.

•Net Income was up 44% , which includes no impact from acquisitions as the impact of acquisitions on

Operating Income was offset by a one-time acquisition-related tax benefit.

•EPS was up 46% year-over-year to $2.35 cents , which includes a 4 cent contribution from share

•During the quarter, we repurchased $1.3 billion worth of stock and an additional $528 million through

January 24, 2022 . ©2022 Mastercard

$238 $319$560$659$949$1,135

Credit Debit / Prepaid4Q20 4Q21 4Q20 4Q21 4Q20 4Q21$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800Worldwide United States Rest of World

23% Growth 23% Growth 23% Growth

Notes: 1. Growth rates are shown in local currency.

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