Mastercard Incorporated Reports Fourth-Quarter and Full-Year 2016 Financial Results

Mastercard Incorporated Reports
Fourth-Quarter and Full-Year 2016 Financial Results
• Fourth-quarter net income of $933 million, including a special item, or $0.86 per diluted share
• Fourth-quarter net income of $940 million, excluding a special item,(1)

 or $0.86 per diluted share
• Fourth-quarter net revenue increase of 9%, to $2.8 billion
• Fourth-quarter gross dollar volume up 9% and purchase volume up 8%, both adjusting for the impact of
recent EU regulatory changes (2)

“We’re pleased to have delivered strong results for the quarter and full year, driven by solid execution of our strategy and leveraging our differentiated service offerings,” said Ajay Banga, Mastercard president and CEO. “Our continued investments in digital, safety and security, data analytics, loyalty and processing position us well for future growth in our core business and new payment flows.”

(1) See Non-GAAP Reconciliation on page 10 for details of all special items referenced in this release.

(2) As noted last quarter, the company no longer charges fees on domestic EEA co-badged volume due to EU regulations implemented in June 2016, and thus excludes that volume from its metrics. The impact on net revenue is de minimis (see page 11 for an explanation of adjusted growth rates).  

Written by Mastercard