Looking Ahead - Thoughts for 2023

Appendix F Operating Expense Growth Drivers (Non-GAAP)¹ Three Months Ended December 31, 2022 as compared to the Three Months Ended December 31, 2021 Operational Acquisitions Currency Impact Total General and administrative Advertising and marketing 21 % 2 % (4)% 19% (35)% 1 % (2)% (36)% Depreciation and amortization (3)% 5 % (4)% (2)% Total operating expense 10 % 3 % (4)% 10 % Note: Figures may not sum due to rounding. 1 See Appendix A for Non-GAAP reconciliation. 2 Represents the translational and transactional impact of currency. January 26, 2023 17 ©2022 Mastercard

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