Looking Ahead - Thoughts for 2023

Appendix A Non-GAAP Reconciliation ($ in millions, except per share data) Reported GAAP (Gains) losses on equity investments 2 Litigation provisions Adjusted Non-GAAP Three Months Ended December 31, 2022 Operating Net revenue expenses Operating income Operating margin Other income (expense) Effective income tax rate Net income Diluted earnings per share $ 5,817 $ 2,633 $ 3,184 54.7 % $ (95) 18.3 % $ 2,525 $ 2.62 1 ** ** ** 12 (0.1)% 12 0.01 ** (15) 15 0.3 % ** $ 5,817 $ 2,617 $ 3,200 55.0 % $ (84) - % 18.2 % $ 12 0.01 2,548 $ 2.65 Three Months Ended December 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 $ 5,216 $ 2,389 $ 2,827 54.2 % $ (4) (Gains) losses on equity investments Adjusted Non-GAAP 1 ** (111) $ 5,216 $ 2,389 $ 2,827 54.2 % $ (114) 15.7 % $ (1.1)% 14.7 % $ 2,379 (65) $ 2.41 (0.07) 2,314 $ 2.35 Note: Figures may not sum due to rounding. ** Not applicable. 1 Q4'22 pre-tax net losses of $12 million and Q4'21 pre-tax net gains of $111 million were related to realized and unrealized fair market value adjustments on marketable and non-marketable equity securities. Q4'22 pre-tax charges of $15 million as a result of settlements (both final and agreements in principle) with a number of U.K. merchants. 2 January 26, 2023 11 ©2022 Mastercard

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