1Q22 Earnings Report

1st Quarter Selected Financial Performance ($ in millions, except per share data) 1Q 22 Non-GAAP 1Q 21 Non-GAAP YOY Growth As adjusted Currency-neutral Adjusted net revenue $ 5,136 4,155 24% 27% Adjusted operating expenses 2,182 1,958 11% 13% Adjusted operating income 2,954 2,197 34% 40% Adjusted operating margin 57.5 % 52.9 % 4.6 ppt 5.2 ppt Adjusted net income 2,702 $ 1,741 55% 61% Adjusted diluted EPS $ 2.76 $ 1.74 59% 65% Adjusted effective tax rate 1 5.3% 16.9 % Note: See Appendix A for Non-GAAP reconciliation. 1 Includes an 11.7 percentage point discrete tax benefit due to final U.S. tax regulations published in the current period resulting in a valuation allowance release of $333 million associated with the U.S. foreign tax credit carryforward deferred tax asset. April 28, 2022 3 ©2022 Mastercard

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