1Q22 Earnings Report

Appendix A Non-GAAP Reconciliation ($ in millions, except per share data) Reported GAAP (Gains) losses on equity investments Russia-related impacts 1 2 Adjusted Non-GAAP 1 Three Months Ended March 31, 2022 Net revenue Operating expenses Operating income Operating margin $ 5,167 $ 2,217 $ 2,950 Other Income (Expense) 57.1 % $ (177) Effective income tax rate Diluted earnings per Net income share 5.1 % $ 2,631 $ 2.68 ** 76 (30) (34) 4 0.4 0.2 % % 67 0.07 3 $ 5,136 $ 2,182 $ 2,954 57.5 % $ (101) 5.3 % $ 2,702 $ 2.76 Three Months Ended March 31, 2021 Net revenue Operating expenses Operating income Operating margin Other Income (Expense) Effective income tax rate Net income Diluted earnings per share Reported GAAP $ 4,155 $ 1,958 $ 2,197 52.9 % $ (7) 16.5 % $ 1,828 $ 1.83 (Gains) losses on equity investments ** Adjusted Non-GAAP $ 4,155 $ 1,958 $ 2,197 52.9 % $ (94) (101) 0.4 % 16.9 % $ (87) (0.09) 1,741 $ 1.74 Note: Figures may not sum due to rounding. ** Not applicable. 1Q1'22 and Q1'21, pre-tax net losses of $76 million and net gains of $94 million, respectively, were primarily related to unrealized fair market value adjustments on marketable and nonmarketable equity securities. 2 Q1'22 pre-tax charges of $4 million were directly related to imposed sanctions and the suspension of our business operations in Russia. The net charge is comprised of general and administrative expenses of $34 million primarily related to reserves on uncollectible balances with certain sanctioned customers, offset by a net benefit of $30 million in rebates and incentives (contra-revenue) primarily related to a reduction in liabilities as a result of lower estimates of customer performance for certain customer business agreements due to the suspension of our business operations in Russia. April 28, 2022 11 ©2022 Mastercard

View entire presentation