MasterCard Incorporated Reports Third-Quarter 2012 Financial Results

In 2012, certain MasterCard Debit and Credit Programs in the Europe region have changed due to a reclassification of programs. There is no impact at the All MasterCard Programs level. In addition, Purchase Transactions for certain Credit Programs in the Latin America region have been restated due to revisions from several customers. MasterCard revenue is not impacted from these changes. Data for the comparable periods in 2012, 2011 and 2010 have been restated to be consistent with these approaches.

Performance information for prior periods can be found in the "Investor Relations" section of MasterCard's website at www.mastercard.com.

GAAP Reconciliation ($ in millions, except per share data)
		Nine Months Ended September 30, 2012						Nine Months Ended September 30, 2011
		Actual		Special Item		Non-GAAP		Actual
Provision for litigation settlement		$ 20		$ (20)		$ -		$ -
Total operating expenses		2,458		(20)		2,438		2,263
Operating income		3,038		20		3,058		2,723
Operating Margin		55.3%				55.6%		54.6%
Income before income taxes		3,038		20		3,058		2,758
Income tax expense		885		7	a	892		872
Net Income Attributable to MasterCard		2,154		13		2,167		1,887
Basic Net Income per Share		$17.13		$0.10		$17.23		$14.71
Diluted Net Income per Share		$17.07		$0.11		$17.18		$14.66
a- Tax effect of provision for litigation settlement

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