Mastercard Investor Presentation — July 2022

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Second Quarter 2022 Financial Results Conference Call

July 28, 2022 ©2022 Mastercard

Michael Miebach:Financial Overview©2022 Mastercard

2nd Quarter Selected Financial Performance

($ in millions, except per share data)

2Q 22 2Q 21 YOY Growth

Non-GAAP Non-GAAP As adjusted Currency-neutral

Adjusted net revenue $ 5,491 $ 4,528 21% 27%

Adjusted operating expenses 2,313 2,121 9% 12%

Adjusted operating income 3,178 2,407 32% 40%

Adjusted operating margin 57.9 % 53.2 % 4.7 ppt 5.4 ppt

Adjusted net income $ 2,497 $ 1,937 29% 37%

Adjusted diluted EPS $ 2.56 $ 1.95 31% 40%

Adjusted effective tax rate 18.8% 15.9 %

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 27% , reflecting the continued execution of our strategy and the ongoing recovery in

spending. Acquisitions contributed 1 ppt to this growth.

•Operating Expenses increased 12% , including a 5 ppt increase from acquisitions.

•Operating Income was up 40% which includes a 1 ppt decrease related to acquisitions.

•EPS was up 40% year-over-year to $2.56 cents , which includes a 5 cent contribution from share repurchases.

•During the quarter, we repurchased $2.4 billion worth of stock and an additio nal $448 million thro ugh

July 25, 2022 . ©2022 Mastercard

$276$344$583$640$1,049$1,070

Credit Debit / Prepaid2Q21 2Q22 2Q21 2Q22 2Q21 2Q22$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800Worldwide United States Rest of World

14% Growth 10% Growth 16% Growth

Notes: Growth rates are show in local currency.

Figures may not sum due to rounding.

Subsequent to the suspension of our business operations in Russia in March 2022, there is no Russian data to be reported.($ in billions)2nd Quarter Gross Dollar Volume (GDV)

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