Reconciliation to Net Income, Earnings Per Share and Total Operating Expenses*

For the year ended 12/31/07   For the year ended 12/31/06   Year-
Over-Year
Growth
($ million) Actual Special
Items		 As
Adjusted		   Actual Special
Items		 As
Adjusted		   As
Adjusted
Revenues, Net $ 4,068 — $ 4,068    $ 3,326 — $ 3,326    22.3%
Operating Expenses
General and Administrative 1,758 — 1,758    1,505 — 1,505    16.8%
Advertising and Marketing 1,080 — 1,080    1,052 — 1,052    2.7%
Litigation Settlements 3 31 —    25 251 —    —
Charitable Contributions
to The MasterCard Foundation		 20 — 202    415 3953 202    —
Depreciation and Amortization 98 — 98    100 — 100    (2.0)%
Total Operating Expenses 2,959 3 2,956    3,097 420 2,677    10.4%
Operating Income 1,108 3 1,111    229 420 649    71.2%
Operating Margin 27.2% — 27.3%    6.9% — 19.5%    7.8 ppt
Other Income (expense)
Investment Income, Net 530 — 530    125 (7)4 118    349.2%
Interest Expense (57) — (57)    (61) — (61)    (6.6)%
Other Income, Net 90 905 —    1 — 1    NM
Total Other Income (expense) 563 90 473    65 (7) 58    715.5%
Income before Income Taxes 1,671 (87) 1,584    294 413 707    124.0%
Income Tax Expense 586 30 556    244 6 250    122.4%
Net Income $ 1,086 $ (57) $ 1,029    $ 50 $ 407 $ 457    125.2%
Basic Net Income per Share $ 8.05 $ (0.42) $ 7.63    $ 0.37 $ 3.00 $ 3.37    126.4%
Diluted Net Income per Share $ 8.00 $ (0.42) $ 7.58    $ 0.37 $ 3.00 $ 3.37    124.9%

(1) Litigation settlements
(2) Contribution of cash to The MasterCard Foundation
(3) Contribution of stock to The MasterCard Foundation
(4) Interest income on IPO proceeds held for redemption
(5) Other income related to a settlement agreement to discontinue the company's sponsorship of the 2010 and 2014 World Cup soccer events

NM = not meaningful

*Note that figures in the table may not sum due to rounding.