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:
Total operating expenses increased 2%. Excluding the impact of Fourth-Quarter Special Items, adjusted operating expenses were flat on both an as adjusted and a currency-neutral basis. This includes 3 percentage points of growth from acquisitions. Excluding acquisitions, expenses decreased 3% primarily related to lower advertising and marketing, travel and professional fee spend.
The following additional details are provided to aid in understanding Mastercard’s full-year 2020 results, versus the year-ago period:
Total operating expenses were flat. Excluding the impact of Full-Year Special Items, adjusted operating expenses decreased 1%, on both an as adjusted and a currency-neutral basis. This decrease includes 4 percentage points of growth from acquisitions. Excluding acquisitions, expenses decreased 5% primarily related to lower advertising and marketing, travel and professional fee spend, partially offset by higher personnel costs to support the company’s continued investment in its strategic initiatives.
Source: investor.mastercard.com
