Mastercard Investor Presentation — July 2021

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Second -Quarter 2021 Financial Results Conference Call

July 29, 2021 ©2021 Mastercard

Michael Miebach:Financial Overview©2021 Mastercard

2nd Quarter Selected Financial Performance

($ in millions, except per share data)

2Q 21 2Q 20 YOY Growth

Non-GAAP Non-GAAP As adjusted Currency-neutral

Net revenue $ 4,528 $ 3,335 36 % 31 %

Adjusted operating expenses 2,121 1,606 32 % 28 %

Adjusted operating income 2,407 1,728 39 % 34 %

Adjusted operating margin 53.2 % 51.8 % 1.3 ppt 1.0 ppt

Adjusted net income $ 1,937 $ 1,370 41 % 36 %

Adjusted diluted EPS $ 1.95 $ 1.36 43 % 37 %

Adjusted effective tax rate 15.9 % 16.3 %

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 the company's equity

•Net Revenue was up 31% , reflecting the continued execution of our strategy amidst a strong recovery

in spending. Acquisitions contributed 3 ppt to this growth.

•Operating Expenses increased 28% , including an 8 ppt increase from acquisitions.

•Operating Income was up 34% , and Net Income was up 36% , both of which include a 2 ppt decrease

related to acquisitions.

•EPS was up 37% year-over-year to $1.95 cents , which includes 3 cents of dilution related to our

recent acquisitions offset by a 2 cent contribution from share repurchases.

•During the quarter, we repurchased $1.7 billion worth of stock and an additional $398 million through

July 26, 2021. ©2021 Mastercard

$183$274$435$583$759$1,047

Credit Debit / Prepaid2Q20 2Q21 2Q20 2Q21 2Q20 2Q21$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800Worldwide United States Rest of World

33% Growth 34% Growth 32% Growth

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

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