1Q22 Earnings Report
Appendix C
Non-GAAP Reconciliation
Second quarter 2022 financial outlook
Forecasted Growth - GAAP 1
Litigation provisions 2
Non-GAAP Growth
3
Currency impact ³
Acquisitions 4
Non-GAAP Growth, currency-neutral, excluding acquisitions
** Not applicable.
1 GAAP Q2'22 forecast versus Q2'21 reported results.
2 Impact of Q2'21 litigation provision ($67M).
3
Net Revenue
Mid-teens
Q2'22 vs. Q2'21
Increase/(Decrease)
Operating Expenses
Mid-single-digits
**
Mid-teens
5-6%
3%
High-end of high-
single digits
3-4%
-(1)%
(4-5)%
High-end of
high-teens
High-single-digits
Represents the projected translational and transactional impact of currency and the related impact of the company's foreign exchange derivative contracts designated as cash flow hedging instruments.
4 Acquisitions completed after the beginning of 2021.
April 28, 2022
14
©2022 MastercardView entire presentation