1Q22 Earnings Report

Appendix A (continued) Non-GAAP Reconciliation Three Months Ended March 31, 2022 as compared to the Three Months Ended March 31, 2021 Increase/(Decrease) Reported GAAP Net revenue 24 % Operating expenses Operating income 13 % 34 % Operating margin 4.2 ppt Effective income tax rate Net income Diluted earnings per share 1 ** ** ** (Gains) losses on equity investments (11.4) ppt (0.2) ppt 44 % 46 % 11 % 12% Russia-related impacts 1 (1)% (2)% -% 0.4 ppt ppt - % - % Adjusted Non-GAAP 24 % 11 % 34 % 4.6 ppt Currency impact 3 3% 2 % 5 % 0.7 ppt (11.6) ppt 0.1 ppt 55 % 59 % 6% 6% Adjusted Non-GAAP - currency-neutral 27% 13 % 40 % 5.2 ppt (11.6) ppt 61 % 65 % Note: Figures may not sum due to rounding. **Not applicable. 2 3 Q1'22 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. 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. 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. April 28, 2022 112 12 ©2022 Mastercard

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