Mastercard · Earnings release · 8-K Exhibit 99

Earnings Release

Mastercard Incorporated Reports Fourth Quarter and Full Year 2025 Financial Results

•Fourth quarter net income of $4.1 billion, and diluted earnings per share (EPS) of $4.52

•Fourth quarter adjusted net income of $4.3 billion, and adjusted diluted EPS of $4.76

•Fourth quarter net revenue of $8.8 billion, an increase of 18%, or 15% on a currency-neutral basis

•Fourth quarter gross dollar volume up 7% and purchase volume up 9%, on a local currency basis

Purchase, NY - January 29, 2026 - Mastercard Incorporated (NYSE: MA) today announced financial results for the fourth quarter and full year 2025.

“2025 was another strong year for Mastercard, with net revenue up 16% year-over-year or 15% on a currency-neutral basis. We're executing and winning with programs like the Apple Card and robust growth in value-added services and solutions at 23%, or 21% currency-neutral. The overall macroeconomic environment is supportive and we continue to see healthy consumer and business spending. That, together with trusted technology, constant innovation, and deep partnerships, powers our performance. Focused, agile, and diversified, we’re well positioned for the opportunities ahead in 2026.” — Michael Miebach, CEO

Quarterly Results

Fourth Quarter Operating Results

Increase / (Decrease)

$ in billions, except per share data

Reported GAAP

Currency-neutral

Net revenue

Operating expenses

7%

Operating income

Operating margin

Effective income tax rate

Net income

Diluted EPS

Key Fourth Quarter Non-GAAP Results 1

Increase / (Decrease)

$ in billions, except per share data

As adjusted

Currency-neutral

Net revenue

Adjusted operating expenses

Adjusted operating margin

Adjusted effective income tax rate

Adjusted net income

Adjusted diluted EPS

1 The Key Fourth Quarter Non-GAAP Results exclude the impact of gains and losses on the company’s equity investments, special items as described on page 11 (“Fourth Quarter Special Items”) and/or the translational and transactional impact of currency and the related impact of the company’s foreign exchange derivative contracts designated as cash flow hedging instruments (specifically those that manage the impact of foreign currency variability on anticipated revenues and expenses). See page 11 for the company’s non-GAAP adjustments and the reconciliation to GAAP reported amounts.

(YoY growth)

Gross dollar volume

Cross-border volume

Switched transactions

(local currency basis)

(local currency basis)

up 7%

The following information is provided to aid in understanding Mastercard’s fourth quarter 2025 results, versus the year ago period.

•Net revenue increased 18%, or 15% on a currency-neutral basis. This increase includes a 1 percentage point increase from acquisitions. The remaining increase was attributable to organic growth in our payment network and our value-added services and solutions.

▪Payment network net revenue increased 12%, or 9% on a currency-neutral basis. Primary drivers of the increase were as follows:

•Gross dollar volume growth of 7%, on a local currency basis, to $2.8 trillion.

•Cross-border volume growth of 14% on a local currency basis.

•Switched transactions growth of 10%.

This increase in payment network net revenue includes growth in payment network rebates and incentives provided to customers. Payment network rebates and incentives increased 20%, or 17% on a currency-neutral basis, primarily due to an increase in our key drivers, as well as new and renewed deals.

▪Value-added services and solutions net revenue increased 26%, or 22% on a currency-neutral basis. This includes a 3 percentage point increase from acquisitions. The remaining increase was driven primarily by growth in our underlying drivers, digital and authentication solutions, security solutions, consumer acquisition and engagement services, business and market insights, and pricing.

•Total operating expenses increased 10% as compared to the same period in 2024, primarily due to higher general and administrative expenses (which was tempered in part by the benefits of new government grants recognized as a result of agreements signed in late 2025), partially offset by lower litigation provisions. Excluding the impact of Fourth Quarter Special Items, adjusted operating expenses increased 14%, or 12% on a currency-neutral basis. This increase includes a 5 percentage point increase from acquisitions. The remaining increase was primarily due to higher general and administrative expenses.

•Other income (expense) was favorable $13 million versus the year ago period, primarily due to the new government grants and a one-time tax-related interest benefit, partially offset by net losses in the current year versus net gains in the prior year on our equity investments. Excluding the impact of net gains and losses on our equity investments, adjusted other income (expense) was favorable $158 million versus the year ago period primarily due to the new government grants and a one-time tax-related interest benefit.

•The effective tax rate for the fourth quarter of 2025 was 16.7%, versus 14.1% for the comparable period in 2024. The adjusted effective tax rate for the fourth quarter of 2025 was 17.0%, versus 14.9% for the comparable period in 2024. Both the as-reported and as-adjusted effective tax rates were higher in 2025 primarily due to the net tax effect of our Singapore operations, which includes the 15% global minimum tax (Pillar 2 Rules) that took effect in 2025. Additionally, a change in our geographic mix of earnings contributed to the higher effective tax rate, partially offset by net discrete tax benefits.

•As of December 31, 2025, the company’s customers had issued 3.7 billion Mastercard and Maestro-branded cards.

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Full Year Results

Full Year Operating Results

Increase / (Decrease)

$ in billions, except per share data

Reported GAAP

Currency-neutral

Net revenue

Operating expenses

Operating income

Operating margin

Effective income tax rate

Net income

Diluted EPS

Key Full Year Non-GAAP Results 1

Increase / (Decrease)

$ in billions, except per share data

As adjusted

Currency-neutral

Net revenue

Adjusted operating expenses

Adjusted operating margin

Adjusted effective income tax rate

Adjusted net income

Adjusted diluted EPS

1 The Key Full Year Non-GAAP Results exclude the impact of gains and losses on the company’s equity investments, special items as described on page 12 (“Full Year Special Items”) and/or the translational and transactional impact of currency and the related impact of the company’s foreign exchange derivative contracts designated as cash flow hedging instruments (specifically those that manage the impact of foreign currency variability on anticipated revenues and expenses). See page 12 for the company’s non-GAAP adjustments and the reconciliation to GAAP reported amounts.

Full Year 2025 Key Business Drivers

(YoY growth)

Gross dollar volume

Cross-border volume

Switched transactions

(local currency basis)

(local currency basis)

up 9%

The following information is provided to aid in understanding Mastercard’s full year 2025 results, versus the year ago period.

•Net revenue increased 16%, or 15% on a currency-neutral basis. This increase includes a 1 percentage point increase from acquisitions. The remaining increase was attributable to organic growth in our payment network and our value-added services and solutions.

▪T1Payment network net revenue increased 12%, as reported and on a currency-neutral basis. Primary drivers of the increase were as follows:

•Gross dollar volume growth of 9%, on a local currency basis, to $10.6 trillion.

•T2Cross-border volume growth of 15% on a local currency basis.

•Switched transactions growth of 10%.

This increase in payment network net revenue includes growth in payment network rebates and incentives provided to customers. Payment network rebates and incentives increased 16%, as reported and on a currency-neutral basis, primarily due to an increase in our key drivers, as well as new and renewed deals.

3

▪T3Value-added services and solutions net revenue increased 23%, or 21% on a currency-neutral basis. This includes a 3 percentage point increase from acquisitions. The remaining increase was driven primarily by growth in our underlying drivers, security and digital and authentication solutions, consumer acquisition and engagement services, pricing and business and market insights.

•Total operating expenses increased 10% as compared to 2024, primarily due to higher general and administrative expenses (which was tempered in part by the benefits of new government grants recognized as a result of agreements signed in late 2025 and a restructuring charge in 2024). Excluding the impact of Full Year Special Items, adjusted operating expenses increased 14%, as reported and on a currency-neutral basis. This increase includes a 4 percentage point increase from acquisitions. The remaining increase was primarily due to higher general and administrative expenses.

•Other income (expense) was favorable $9 million versus the year ago period, primarily due to the new government grants and a one-time tax-related interest benefit, partially offset by increased interest expense and increased net losses in the current year versus the prior year on our equity investments. Excluding the impact of net gains and losses on our equity investments, adjusted other income (expense) was favorable $68 million versus the prior year primarily due to the new government grants and a one-time tax-related interest benefit, partially offset by increased interest expense.

•T4The effective tax rate for Full Year 2025 was 19.4%, versus 15.6% for the comparable period in 2024. The adjusted effective tax rate for Full Year 2025 was 19.6%, versus 16.2% for the comparable period in 2024. Both the as-reported and as-adjusted effective tax rates were higher in 2025 primarily due to the net effect of our Singapore operations, which includes the Pillar 2 Rules that took effect in 2025. Additionally, a change in our geographic mix of earnings contributed to the higher effective tax rate, partially offset by net discrete tax benefits.

Return of Capital to Shareholders

T5During the fourth quarter of 2025, Mastercard repurchased 6.4 million shares at a cost of $3.6 billion and paid $684 million in dividends.

Quarter-to-date through January 26, the company repurchased 1.3 million shares at a cost of $715 million, which leaves $16.7 billion remaining under approved share repurchase programs.

Fourth Quarter and Full Year 2025 Financial Results Conference Call Details

At 9:00 a.m. ET today, the company will host a conference call to discuss its fourth quarter and full year 2025 results. The dial-in information for this call is 1-888-330-2508 (Toll-free) and 1-240-789-2735 (Toll dial-in), using passcode 6451878. A replay of the call will be available for 30 days and can be accessed by dialing 1-800-770-2030 (Toll-free) and 1-647-362-9199 (Toll dial-in), using passcode 6451878.

A live audio webcast of this call, along with presentation slides, can also be accessed through the Investor Relations section of the company’s website at investor.mastercard.com.

Forward-Looking Statements

This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements. When used in this press release, the words “believe”, “expect”, “could”, “may”, “would”, “will”, “trend” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements that relate to the company’s future prospects, developments and business strategies. We caution you to not place undue reliance on these forward-looking statements, as they speak only as of the date they are made. Except for

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the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events.

Many factors and uncertainties relating to our operations and business environment, all of which are difficult to predict and many of which are outside of our control, influence whether any forward-looking statements can or will be achieved. Any one of those factors could cause our actual results to differ materially from those expressed or implied in writing in any forward-looking statements made by Mastercard or on its behalf, including, but not limited to, the following factors:

•T6regulation related to the payments industry (including regulatory, legislative and litigation activity with respect to interchange rates and surcharging)

•the impact of preferential or protective government actions

•regulation of privacy, data, AI, information security and the digital economy

•regulation that directly or indirectly applies to us based on our participation in the global payments industry (including anti-money laundering, countering the financing of terrorism, economic sanctions and anti-corruption, account-based payments systems, and issuer and acquirer practices regulation)

•the impact of changes in tax laws, as well as regulations and interpretations of such laws or challenges to our tax positions

•potential or incurred liability and limitations on business related to any litigation or litigation settlements

•the impact of competition in the global payments industry (including disintermediation and pricing pressure)

•the challenges relating to rapid technological developments and changes

•the challenges relating to operating a real-time account-based payments system and to working with new customers and end users

•the impact of information security incidents, account data breaches or service disruptions

•issues related to our relationships with our stakeholders (including loss of substantial business from significant customers, competitor relationships with our customers, consolidation amongst our customers, merchants’ continued focus on acceptance costs and unique risks from our work with governments)

•the impact of global economic, political, financial and societal events and conditions, including adverse currency fluctuations and foreign exchange controls

•reputational impact, including impact related to brand perception and lack of visibility of our brands in products and services

•the impact of environmental, social and governance matters and related stakeholder reaction

•the inability to attract and retain a highly qualified workforce, or maintain our corporate culture

•issues related to acquisition integration, strategic investments and entry into new businesses

•exposure to loss or illiquidity due to our role as guarantor as well as other contractual obligations and discretionary actions we may take

•issues related to our Class A common stock and corporate governance structure

For additional information on these and other factors that could cause the company’s actual results to differ materially from expected results, please see the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent reports on Forms 10-Q and 8-K.

5

About Mastercard (NYSE: MA)

Mastercard powers economies and empowers people in more than 220 countries and territories worldwide. Together with our customers, we are building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

Contacts:

Investor Relations:

Media Relations:

Devin Corr

Seth Eisen

investor.relations@mastercard.com

Seth.Eisen@mastercard.com

6

Consolidated Statements of Operations (Unaudited)

Three Months Ended December 31,

Twelve Months Ended December 31,

(in millions, except per share data)

Net Revenue

$

$

$

$

Operating Expenses:

General and administrative

Advertising and marketing

Depreciation and amortization

Provision for litigation

Total operating expenses

Operating income

Other Income (Expense):

Investment income

Gains (losses) on equity investments, net

Interest expense

Other income (expense), net

1

Total other income (expense)

Income before income taxes

Income tax expense

Net Income

$

$

$

$

Basic Earnings per Share

$

$

$

$

Basic weighted-average shares outstanding

Diluted Earnings per Share

$

$

$

$

Diluted weighted-average shares outstanding

7

Consolidated Balance Sheets (Unaudited)

(in millions, except per share data)

Assets

Current assets:

Cash and cash equivalents

$

$

Restricted cash and restricted cash equivalents

Restricted security deposits held for customers

Investments

Accounts receivable

Settlement assets

Prepaid expenses and other current assets

Total current assets

Property, equipment and right-of-use assets, net of accumulated depreciation and

Deferred income taxes

Goodwill

Other intangible assets, net of accumulated amortization of $3,096 and $2,400,

respectively

Other assets

Total Assets

$

$

Liabilities and Equity

Current liabilities:

Accounts payable

$

$

Settlement obligations

Restricted security deposits held for customers

Accrued litigation

Accrued expenses

Short-term debt

Other current liabilities

Total current liabilities

Long-term debt

Deferred income taxes

Other liabilities

Total Liabilities

Commitments and Contingencies

Stockholders’ Equity

Class A common stock, $0.0001 par value; authorized 3,000 shares, 1,406 and 1,404 shares issued and 887 and 907 shares outstanding, respectively

—

—

Class B common stock, $0.0001 par value; authorized 1,200 shares, 7 shares issued and outstanding

—

—

Additional paid-in-capital

Class A treasury stock, at cost, 518 and 497 shares, respectively

Retained earnings

Accumulated other comprehensive income (loss)

Mastercard Incorporated Stockholders' Equity

Non-controlling interests

9

Total Equity

Total Liabilities and Equity

$

$

8

Consolidated Statements of Cash Flows (Unaudited)

For the Years Ended December 31,

(in millions)

Operating Activities

Net income

$

$

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of customer incentives

Depreciation and amortization

(Gains) losses on equity investments, net

Share-based compensation

Deferred income taxes

Other

Changes in operating assets and liabilities:

Accounts receivable

Income taxes receivable

Settlement assets

Prepaid expenses

Accrued litigation and legal settlements

Restricted security deposits held for customers

Accounts payable

Settlement obligations

Accrued expenses

Long-term taxes payable

Net change in other assets and liabilities

Net cash provided by operating activities

Investing Activities

Purchases of investment securities available-for-sale

Purchases of investments held-to-maturity

Proceeds from sales of investment securities available-for-sale

Proceeds from maturities of investment securities available-for-sale

Proceeds from maturities of investments held-to-maturity

Purchases of property and equipment

Capitalized software

Purchases of equity investments

Proceeds from sales of equity investments

Acquisition of businesses, net of cash acquired

—

Other investing activities

2

(3)

Net cash used in investing activities

Financing Activities

Purchases of treasury stock

Dividends paid

Proceeds from debt, net

Payment of debt

Tax withholdings related to share-based payments

Cash proceeds from employee stock plans

Other financing activities

Net cash used in financing activities

Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents

Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents

Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period

Cash, cash equivalents, restricted cash and restricted cash equivalents - end of period

$

$

9

Non-GAAP Financial Information

Non-GAAP financial information is defined as a numerical measure of a company’s performance that excludes or includes amounts so as to be different than the most comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Mastercard discloses the following non-GAAP financial measures: adjusted operating expenses, adjusted operating margin, adjusted other income (expense), adjusted effective income tax rate, adjusted net income and adjusted diluted earnings per share (as well as related applicable growth rates versus the comparable period in the prior year). As described more fully below, these non-GAAP financial measures exclude, where applicable, the impact of gains and losses on the company’s equity investments, which includes mark-to-market fair value adjustments, impairments and gains and losses upon disposition, as well as the related tax impacts.

These non-GAAP financial measures also exclude, where applicable, the impact of special items, which represent litigation judgments and settlements and/or certain one-time items, as well as the related tax impacts.

In addition, the company presents growth rates adjusted for the impact of currency, which is a non-GAAP financial measure. Currency-neutral growth rates are calculated by remeasuring the prior period’s results using the current period’s exchange rates for both the translational and transactional impacts on operating results. The impact of currency translation represents the effect of translating operating results where the functional currency is different from the company’s U.S. dollar reporting currency. The impact of the transactional currency represents the effect of converting revenue and expenses occurring in a currency other than the functional currency of the entity. The impact of the related realized gains and losses resulting from the company’s foreign exchange derivative contracts designated as cash flow hedging instruments (specifically those that manage the impact of foreign currency variability on anticipated revenues and expenses) is recognized in the respective financial statement line item on the statements of operations when the underlying forecasted transactions impact earnings.

The translational and transactional impact of currency and the related impact of the company’s foreign exchange derivative contracts designated as cash flow hedging instruments as specified above have been excluded from the company’s currency-neutral growth rates.

The company believes that the non-GAAP financial measures presented facilitate an understanding of operating performance and provide a meaningful comparison of its results between periods. The company’s management uses non-GAAP financial measures to evaluate its ongoing operations in relation to historical results, for internal planning and forecasting purposes and in the calculation of performance-based compensation, among other things. The company excluded these items because management evaluates the underlying operations and performance of the company separately from these recurring and nonrecurring items. The presentation of non-GAAP financial measures should not be relied upon as substitutes for the company’s measures calculated in accordance with GAAP.

The company includes reconciliations of the requisite non-GAAP financial measures to the most directly comparable GAAP financial measures in the non-GAAP reconciliation tables below.

Non-GAAP Reconciliations (QTD)

Operating expenses

Operating margin

Other income (expense)

Effective income tax rate

Net

income

Diluted earnings per share

($ in millions, except per share data)

Reported - GAAP

$

%

$

%

$

$

(Gains) losses on equity investments 1

**

**

%

Litigation provisions 2

%

**

%

Adjusted - Non-GAAP

$

%

$

%

$

$

Operating expenses

Operating margin

Other income (expense)

Effective income tax rate

Net

income

Diluted earnings per share

($ in millions, except per share data)

Reported - GAAP

$

%

$

%

$

$

(Gains) losses on equity investments 1

**

**

%

Litigation provisions 3

%

**

%

Adjusted - Non-GAAP

$

%

$

%

$

$

Three Months Ended December 31, 2025 as compared to the Three Months Ended December 31, 2024

Increase/(Decrease)

Operating expenses

Operating margin

Effective income tax rate

Net

income

Diluted earnings per share

Reported - GAAP

%

ppt

ppt

%

%

(Gains) losses on equity investments 1

**

**

ppt

5

%

5

%

Litigation provisions 2,3

4

%

ppt

ppt

(4)

%

(4)

%

Adjusted - Non-GAAP

%

ppt

ppt

%

%

Currency impact 4

(2)

%

ppt

ppt

(4)

%

(5)

%

Adjusted - Non-GAAP - currency-neutral

%

ppt

ppt

%

%

Note: Tables may not sum due to rounding.

** Not applicable

Gains and Losses on Equity Investments

1.Represents Q4’25 net pre-tax losses of $104 million and Q4’24 net pre-tax gains of $40 million primarily related to unrealized fair market value adjustments on marketable and nonmarketable equity securities.

Fourth Quarter Special Items

2.Represents Q4’25 pre-tax charges of $174 million primarily as a result of a change in estimate related to the claims of merchants who opted out of the U.S. merchant class litigation.

3.Represents Q4’24 pre-tax charges of $280 million primarily as a result of a legal provision associated with the U.K. consumer class action settlement and settlements with a number of U.K. merchants.

Other Notes

4.Represents the translational and transactional impact of currency and the related impact of the company’s foreign exchange derivative contracts designated as cash flow hedging instruments (specifically those that manage the impact of foreign currency variability on anticipated revenues and expenses).

Non-GAAP Reconciliations (Full Year)

Operating expenses

Operating margin

Other income (expense)

Effective income tax rate

Net income

Diluted earnings per share

($ in millions, except per share data)

Reported - GAAP

$

%

$

%

$

$

(Gains) losses on equity investments 1

**

**

%

Litigation provisions 2

%

**

%

Adjusted - Non-GAAP

$

%

$

%

$

$

Operating expenses

Operating margin

Other income (expense)

Effective income tax rate

Net income

Diluted earnings per share

($ in millions, except per share data)

Reported - GAAP

$

%

$

%

$

$

(Gains) losses on equity investments 1

**

**

—

%

Litigation provisions 3

%

**

%

Restructuring charge 4

%

**

%

Adjusted - Non-GAAP

$

%

$

%

$

$

Twelve Months Ended December 31, 2025 as compared to the Twelve Months Ended December 31, 2024

Increase/(Decrease)

Operating expenses

Operating margin

Effective income tax rate

Net income

Diluted earnings per share

Reported - GAAP

%

ppt

ppt

%

%

(Gains) losses on equity investments 1

**

**

ppt

—

%

—

%

Litigation provisions 2, 3

2

%

ppt

ppt

(2)

%

(2)

%

Restructuring charge 4

2

%

ppt

ppt

(1)

%

(1)

%

Adjusted - Non-GAAP

%

ppt

ppt

%

%

Currency impact 5

(1)

%

ppt

ppt

(1)

%

(1)

%

Adjusted - Non-GAAP - currency-neutral

%

ppt

ppt

%

%

Note: Tables may not sum due to rounding.

** Not applicable

Gains and Losses on Equity Investments

1.Represents Full Year 2025 and 2024 net pre-tax losses of $88 million and $29 million, respectively, primarily related to unrealized fair market value adjustments on marketable and nonmarketable equity securities.

Full Year Special Items

2.Represents Full Year 2025 pre-tax charges of $504 million primarily as a result of a change in estimate related to the claims of merchants who opted out of the U.S. merchant class litigation, a legal provision associated with the U.S. liability shift litigation and a legal provision associated with the ATM non-discrimination rule surcharge complaints.

3.Represents Full Year 2024 pre-tax charges of $680 million primarily as a result of a legal provision associated with the U.K. consumer class action settlement, settlements with a number of U.K. merchants and a change in estimate related to the claims of merchants who opted out of the U.S. merchant class litigation.

4.Represents Full Year 2024 pre-tax charge of $190 million as a result of a restructuring action intended to streamline our organization, delivering efficiencies to enable reinvestment in our business to support the realization of our long-term growth opportunities.

Other Notes

5.Represents the translational and transactional impact of currency and the related impact of the company’s foreign exchange derivative contracts designated as cash flow hedging instruments (specifically those that manage the impact of foreign currency variability on anticipated revenues and expenses).

Mastercard Incorporated Operating Performance

GDV (Bil.)

Growth (USD)

Growth (Local)

Purchase Volume (Bil.)

Growth (Local)

Purchase Trans. (Mil.)

Purchase Trans. Growth

Cash Volume (Bil.)

Growth (Local)

Cash Trans. (Mil.)

Cards (Mil.)

All Mastercard Credit, Charge and Debit Programs

APMEA

$

%

%

$

%

%

$

%

Canada

%

%

%

%

2

%

7

Europe

%

%

%

%

%

Latin America

%

%

%

%

%

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Credit and Charge Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

9

Worldwide

%

%

%

%

%

Mastercard Debit Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

GDV (Bil.)

Growth (USD)

Growth (Local)

Purchase Volume (Bil.)

Growth (Local)

Purchase Trans. (Mil.)

Purchase Trans. Growth

Cash Volume (Bil.)

Growth (Local)

Cash Trans. (Mil.)

Cards (Mil.)

All Mastercard Credit, Charge and Debit Programs

APMEA

$

%

%

$

%

%

$

%

Canada

%

%

%

%

8

%

Europe

%

%

%

%

%

Latin America

%

%

%

%

%

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Credit and Charge Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Debit Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

APMEA = Asia Pacific / Middle East / Africa

Note that the figures in the preceding tables may not sum due to rounding; growth represents change from the comparable year ago period.

Mastercard Incorporated Operating Performance

GDV (Bil.)

Growth (USD)

Growth (Local)

Purchase Volume (Bil.)

Growth (Local)

Purchase Trans. (Mil.)

Purchase Trans. Growth

Cash Volume (Bil.)

Growth (Local)

Cash Trans. (Mil.)

Cards (Mil.)

All Mastercard Credit, Charge and Debit Programs

APMEA

$

%

%

$

%

%

$

%

Canada

%

%

%

%

2

%

6

Europe

%

%

%

%

%

Latin America

%

%

%

%

%

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Credit and Charge Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

9

Worldwide

%

%

%

%

%

Mastercard Debit Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

GDV (Bil.)

Growth (USD)

Growth (Local)

Purchase Volume (Bil.)

Growth (Local)

Purchase Trans. (Mil.)

Purchase Trans. Growth

Cash Volume (Bil.)

Growth (Local)

Cash Trans. (Mil.)

Cards (Mil.)

All Mastercard Credit, Charge and Debit Programs

APMEA

$

%

%

$

%

%

$

%

Canada

%

%

%

%

8

%

Europe

%

%

%

%

%

Latin America

%

%

%

%

%

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Credit and Charge Programs

Worldwide less United States

%

%

%

%

%

United States

%

%

%

%

%

Worldwide

%

%

%

%

%

Mastercard Debit Programs

Worldwide less United States

%

%

%

%

%

United States

%

%