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MasterCard Incorporated Reports Third-Quarter 2013 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 revised due to changes from several customers. MasterCard revenue is not impacted from these changes. Data for the comparable periods in 2012, 2011 and 2010 have been revised to be consistent with these approaches.

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

GAAP Reconciliations
($ in millions, except per share data)

Nine Months Ended

September 30, 2013

Nine Months Ended

September 30, 2012

Actual   Actual   Special Item   Non-GAAP  
Provision for litigation settlement $   - $   20 $   (20 ) $   -
Total operating expenses 2,637 2,458 (20 ) 2,438
Operating income 3,583 3,038 20 3,058
Operating Margin 57.6 % 55.3 % 55.6 %
Income before income taxes 3,589 3,039 20 3,059
Income tax expense 1,096 885 7 a 892
Net Income 2,493 2,154 13 2,167
Basic Earnings per Share $ 20.52 $ 17.13 $ 0.10 $ 17.23
Diluted Earnings per Share $ 20.46 $ 17.07 $ 0.11 $ 17.18
a- Tax effect of provision for litigation settlement
Note: Figures may not sum due to rounding

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