Mastercard (MA) 8-K Second-quarter net revenue increase of 6.7%, to $1.4 billion

MasterCard Incorporated

Second-Quarter 2010

Financial Results Conference Call

August 3, 2010

Exhibit 99.2

Business Update

•

Economic Overview

•

Regulatory Update

•

Business Trends

2

2nd Quarter Selected Financial Performance

($ in millions, except per share data)

2Q 2010

2Q 2009

YOY

Growth %

Net revenue

$

1,365

$

1,280

6.7

Total operating expenses

648

723

(10.4)

Operating income

Operating margin

717

52.6%

557

43.5%

28.8

9.1

ppts

Net income

$

458

$

349

31.3

Diluted EPS

$

3.49

$

2.67

30.7

3

2nd Quarter 2010 MasterCard-Branded

GDV and Purchase Volume

Note: Figures may not sum due to rounding

4

$US

U.S.

Local

$US

U.S.

Local

billions

Dollar

Currency

billions

Dollar

Currency

APMEA

144

26.2

17.8

94

22.8

14.5

Canada

27

17.2

3.2

24

18.9

4.7

Europe

191

9.5

13.6

143

9.2

13.2

Latin America

51

22.3

15.7

29

27.7

21.0

United States

244

(0.5)

(0.5)

204

0.7

0.7

Worldwide

656

9.8

8.5

493

9.1

7.9

APMEA = Asia Pacific / Middle East / Africa

YOY Growth %

YOY Growth %

Gross Dollar Volume

Purchase Volume

•

Net Revenue

increased 6.7%;

7.9% on a constant currency

basis

•

Domestic Assessments

increased 11.0%

•

Cross Border Volume Fees

increased 34.5%

•

Transaction Processing Fees

grew 6.0%

•

Other Revenues

decreased

5.2%

•

Rebates & Incentives

increased 34.7%

2nd Quarter Revenue

($ in millions)

5

$586

$348

$503

$187

($344)

$1,280

$650

$468

$533

$177

($463)

$1,365

-$625

-$425

-$225

-$25

$175

$375

$575

$775

$975

$1,175

$1,375

Domestic

Assessments

Cross Border

Volume Fees

Transaction

Processing

Fees

Other

Revenues

2Q 2009

2Q 2010

Rebates &

Incentives

Net Revenue

$507

$180

$36

$723

$433

$180

$35

$648

$0

$100

$200

$300

$400

$500

$600

$700

$800

General &

Administrative

Advertising &

Marketing

Depreciation &

Amortization

Total Operating

Expenses

2Q 2009

2Q 2010

2nd Quarter Operating Expenses

($ in millions)

•

Total Operating Expenses

decreased 10.4%; 9.7% on a

constant

currency

basis

•

G&A

decreased

14.5%

primarily

due

to

decreased

personnel

costs

•

A&M

decreased 0.3%

•

Excluding foreign currency, A&M

increased 0.2%

•

Depreciation

&

Amortization

decreased

3.8%

6

2nd Quarter 2010 Cash Flow Statement

and Balance Sheet Highlights

•

Generated $343 million in cash flow from

operations for the quarter ended 6/30/2010

•

Cash, cash equivalents and other liquid

investments of $3.5 billion at 6/30/2010

7

Thoughts for 2010

•

Net Revenue

•

Total Operating Expenses

–

General & Administrative

–

Advertising & Marketing

•

Tax rate

•

Operating margin and net income growth

8

9