Mastercard Investor Presentation — July 2024

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Second Quarter 2024 Financial Results Conference Call

July 31, 2024 ©2024 Mastercard

FINALFinancial OverviewBusiness Highlights©2024 Mastercard

2nd Quarter Selected Financial Performance

($ in millions, except per share data)

2Q 24 2Q 23 YOY Growth

Non-GAAP Non-GAAP As adjusted Currency-neutral

Net revenue $ 6,961 $ 6,269 11% 13%

Adjusted operating expenses 2,828 2,592 9% 10%

Adjusted operating income 4,133 3,677 12% 15%

Adjusted operating margin 59.4 % 58.6 % 0.7 ppt 1.0 ppt

Adjusted net income $ 3,341 $ 2,742 22% 24%

Adjusted diluted EPS $ 3.59 $ 2.89 24% 27%

Adjusted effective tax rate 17.5% 23.9 %

Note: See Appendix A for Non-GAAP reconciliation.

Figures may not sum due to rounding.

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

neutral basis, excluding, where applicable, special items and the impact of gains and losses on our equity

•Net Revenue was up 13% , reflecting continued growth in our payment network and our value-added services

•Operating Expenses increased 10% , including a minimal impact from acquisitions.

•And, Operating Income was up 15% , including a minimal impact from acquisitions.

•Net Income and EPS increased 24% and 27% respectively, both reflecting the strong operating income

growth, as well as a lower tax rate in the current quarter compared to Q2 2023 primarily due to a sizeable

discrete tax expense in the prior year, as well as a change in the geographic mix of earnings.

•EPS was $3.59 cents , wh ich includes a 7 cent contribution from share repurchases.

•During the quarter, we repurc hased $2.6 billion worth of stock and an additional $820 million through

July 26, 2024 . ©2024 Mastercard

$372 $394$706 $736$1,186$1,273

Credit Debit / Prepaid2Q23 2Q24 2Q23 2Q24 2Q23 2Q24$0$200$400$600$800$1,000$1,200$1,400$1,600$1,800$2,000$2,200$2,400$2,600Worldwide United States Rest of World

9% Growth 6% Growth 11% Growth

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