Fourth-Quarter and Full Year 2018 Financial Results Conference Call
January 31, 2019
Business Update
Financial Overview
Economic Update
Business Highlights
4th Quarter Selected Financial Performance
($ in millions, except per share data)
Net revenue
Total operating expenses Operating income
Operating margin Net income
Diluted EPS
Effective tax rate
4Q 18 Non-GAAP1
$
3,807
1,816
1,991
52.3%
$ $
1,611
4Q 17 Non-GAAP1
$
3,312
1,623
1,689
51.0%
$ $
1,208
1.55 18.3%
1.14 26.8%
1 Excludes the impact of Special Items. See Appendix A for Non-GAAP reconciliation.
Non-GAAP
YOY GrowthCurrency Neutral
15% 17%
12% 14%
18% 21%
1.3 ppt
1.4 ppt
33% 36%
36% 40%
4th Quarter Gross Dollar Volume (GDV)
($ in billions)
Worldwide
United States
Rest of World
14% Growth
10% Growth
16% Growth
$1,800
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
4Q17
4Q18
4Q17
4Q18
4Q17
4Q18
Credit
Debit / Prepaid
Notes: 1. Growth rates are shown in local currency.
2. Figures may not sum due to rounding.
4th Quarter Switched Transactions and Cards
Switched Transactions
13% Growth 17% Adjusted Growth*Transactions (in millions)
24,000
21,000
18,000
15,000
12,000
9,000
6,000
3,000
20,124
17,739
0
7% Adjusted Growth*
Cards
5% Growth
3,000
2,500
Cards (in millions)
2,000
1,500
1,000
500
0
2,407
595
496
2,022
1,812
2,518
4Q17
4Q17
4Q18
Mastercard Cards
Maestro Cards
Note: Figures may not sum due to rounding.
*Adjusted for the impact of Venezuelan deconsolidation and to eliminate the impact of differing switching days between periods.
4Q18
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Disclaimer
MasterCard Inc. published this content on 31 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 January 2019 13:03:03 UTC
MasterCard, Inc. specializes in issuing and selling payment cards. Net sales break down by activity as follows:
- sale of payment solutions (63%): credit cards, traveler's checks, on-line payment cards, etc. (Mastercard®, Maestro® and Cirrus® names);
- value-added services (37%): consulting, assistance, information services, partner network management services, etc.
66.7% of net sales are abroad.