Mastercard Incorporated (NYSE: MA) announced financial results for the fourth-quarter and full-year 2020.
The following additional details are provided to aid in understanding Mastercard’s fourth-quarter 2020 results, versus the year-ago period:
The effective tax rate for the fourth quarter of 2020 was 17.6%, versus 15.1% for the comparable period in 2019. The adjusted effective tax rate for the fourth quarter of 2020 was 17.5%, versus 15.9% for the comparable period in 2019, primarily due to the company’s geographic mix of earnings.
The following additional details are provided to aid in understanding Mastercard’s full-year 2020 results, versus the year-ago period:
The effective tax rate for 2020 was 17.4%, versus 16.6% in 2019. The adjusted effective tax rate for 2020 was 17.2%, versus 17.0% in 2019, primarily due to a discrete tax benefit related to a favorable court ruling in 2019.
Source: investor.mastercard.com
