Exhibit 99.1

MasterCard Incorporated Reports

Fourth-Quarter and Full-Year 2007

Financial Results

• Fourth-quarter net income of $304 million, or $2.26 per share, on a diluted basis (including $1.37 from gains on additional sales of an investment security)

• Fourth-quarter net revenue growth, up 27.8%, to $1.07 billion

• Fourth-quarter gross dollar volume up 15.2%, purchase volume up 16.1%

Purchase, NY, January 31, 2008 – MasterCard Incorporated (NYSE:MA) today announced financial results for the fourth-quarter and full-year 2007. For the fourth-quarter 2007, the company reported net income of $304 million, or $2.26 per share on a diluted basis, which included after-tax gains of $185 million, or $1.37 per share on a diluted basis, from additional sales of the company’s investment in Redecard S.A. in Brazil.

Net revenues for the fourth-quarter 2007 were $1.07 billion, a 27.8% increase versus the same period in 2006. Currency fluctuations (driven by movement of the euro and the Brazilian real relative to the U.S. dollar) contributed 4.7% of the increase in net revenue for the quarter.

Fueling the higher revenue in the fourth quarter versus the same period in 2006 was: growth in MasterCard’s gross dollar volume (GDV), which increased 15.2%, on a local currency basis, to $634 billion; a 17.2% increase in the number of transactions processed to 5.2 billion; and, an increase in cross-border volumes of 27.7%.

Worldwide purchase volume rose 16.1%, on a local currency basis, during the quarter to $477 billion, driven by increased cardholder spending on a growing number of MasterCard cards. As of December 31, 2007, the company’s financial institution customers had issued 916 million MasterCard cards, an increase of 12.6% over the cards issued at December 31, 2006.

“Our fourth-quarter and full-year results reflect the strength of MasterCard’s global business model,” said Robert W. Selander, MasterCard president and chief executive officer. “We continue to benefit from the worldwide demand for electronic payments, solid performance in high-growth regions such as South Asia/Middle East/Africa and Latin America, as well as strong growth in processed transactions and cross-border travel volumes.

-more-

MasterCard Incorporated – Page 2

“Despite economic uncertainties in the U.S., we continue to leverage our unique assets and world-renowned brands to position MasterCard for long-term growth and success. Our diverse offerings and unparalleled global payments insights are clearly resonating with our customers and merchants around the world,” said Selander.

Total operating expenses increased 13.5%, to $901 million, during the fourth quarter of 2007 compared to the same period in 2006. Currency fluctuations contributed 3.3% of the increase in expenses for the fourth quarter of 2007. Growth in total operating expenses was driven by:

• An increase in personnel costs primarily associated with the hiring of additional staff, mainly in customer-facing, technology and product areas, and an increase in performance incentive accruals. The increase in personnel expenses was also driven by severance expense resulting from a corporate resource realignment which occurred in the quarter;

• Higher professional fees related to legal costs to defend outstanding litigation; and

• A 4.5% increase in advertising and marketing expenses versus the year-ago period, primarily due to currency fluctuations.

During the quarter, the company made a $10 million cash contribution to the MasterCard Foundation, completing MasterCard’s previously disclosed intention to contribute up to $40 million in cash to the Foundation within four years following MasterCard’s May 2006 initial public offering.

Total other income was $295 million in the fourth-quarter 2007 versus $24 million in the fourth quarter of 2006. The increase was driven primarily by $284 million in pre-tax gains realized from additional sales of the company’s investment in Redecard S.A. in Brazil. On an after-tax basis, Redecard gains contributed $1.37 per share on a diluted basis to the quarterly earnings per share of $2.26.

Full-Year 2007 Results

For the year-ended December 31, 2007, MasterCard reported net income of $1.09 billion, or $8.00 per share on a diluted basis, which includes after-tax gains of $254 million, or $1.87 per share on a diluted basis, from selling a significant portion of the company’s investment in Redecard S.A. in Brazil. Excluding the impact of special items mentioned below, the company reported net income of $1.03 billion, or $7.58 per share, on a diluted basis.

MasterCard Incorporated – Page 3

Special items for the full-year 2007 included:

• A $3.4 million reserve recorded for a litigation settlement; and

• $90 million in other income related to a settlement received under an agreement to discontinue the company’s sponsorship of the 2010 and 2014 World Cup soccer events.

Special items for the full-year 2006 included:

• A $395 million non-cash expense in the second quarter of 2006, resulting from the donation of approximately 13.5 million shares of Class A common stock to the MasterCard Foundation that occurred simultaneously with the company’s IPO, which was not deductible for tax purposes;

• A $25 million reserve for litigation settlements; $23 million was recorded in the second quarter of 2006 and $2 million was recorded in the fourth quarter of 2006; and

• $7 million in interest income in the second quarter of 2006 earned on the IPO proceeds, which were ultimately used for redemption of shares of Class B common stock in the third quarter of 2006.

The company’s full-year 2007 net income, earnings per share and total operating expenses, each of which excludes special items, are non-U.S. GAAP financial measures that are reconciled to their most directly comparable U.S. GAAP measures in the accompanying financial tables.

Net revenues for the full year were $4.1 billion, a 22.3% increase versus the same period in 2006. Currency fluctuations (driven primarily by movement of the euro relative to the U.S. dollar) contributed 3.1% of the increase in revenues for the full-year.

Total operating expenses decreased 4.4%, to $3.0 billion, for the twelve-month period compared to the same period in 2006. Currency fluctuations contributed 1.8% of the increase in expenses in 2007. Excluding the impact of special items in both 2006 and 2007 noted above, total operating expenses increased 10.4%. This increase was driven by:

• An increase in personnel costs due to the hiring of additional staff to support strategic initiatives and an increase in performance incentive accruals;

• Higher professional fees related to consulting services used to execute strategic initiatives and legal costs to defend outstanding litigation; and

• An increase in advertising and marketing expenses resulting from currency fluctuations.

MasterCard Incorporated – Page 4

Total other income was $563 million for the twelve-month period versus $65 million for the same period in 2006. The improvement was driven by a $405 million increase in investment income primarily due to gains realized from sales of a significant portion of the company’s investment in Redecard S.A. in Brazil. The improvement in other income was also driven by a $90 million settlement received under an agreement to discontinue the company’s sponsorship of the 2010 and 2014 World Cup soccer events.

MasterCard’s effective tax rate was 35.0% for the twelve months ended December 31, 2007, compared to 82.9% for the full-year 2006. MasterCard’s U.S. GAAP effective tax rate in 2006 was significantly impacted by a donation of shares to the MasterCard Foundation. Excluding this donation, the company’s tax rate would have been 35.4% in 2006. The year-over-year difference, excluding the effects of the donation, was due to lower effective state tax rates based on the composition of taxable income in 2007.

The company’s effective tax rate, excluding the impact of the stock donation, is a non-U.S. GAAP financial measure that is reconciled to the most directly comparable U.S. GAAP measure in the accompanying financial tables.

The company ended the year with $3 billion in cash, cash equivalents and available-for-sale securities.

Class A Share Repurchase Update

In April 2007, the MasterCard Board of Directors authorized a plan for the company to repurchase up to $500 million of its Class A common stock in open market transactions during 2007. On October 29, 2007, the Board amended the share repurchase plan to authorize the company to repurchase an incremental $750 million (an aggregate for the entire repurchase program of $1.25 billion) of its Class A common stock in open market transactions through June 30, 2008.

As of December 31, 2007, approximately 4 million shares of Class A common stock had been repurchased at a cost of $601 million. As of January 25, 2008, the company repurchased an additional 657 thousand shares of its Class A common stock at a cost of $124 million.

MasterCard Incorporated – Page 5

Class B Share Conversion Update

During 2007, the company implemented and completed two separate conversion programs in which 11.4 million shares, of an eligible 13.4 million shares, of Class B common stock were converted into Class A common stock and subsequently sold to public investors.

Fourth-Quarter and Full-Year 2007 Financial Results Conference Call Details

At 9:00 a.m. EST today, the company will host a conference call to discuss its fourth- quarter and full-year 2007 financial results.

The dial-in information for this call is 800-295-3991 (within the US) and 617-614-3924 (outside the US) and the passcode is 18233244. A replay of the call will be available for one week following the meeting. The replay can be accessed by dialing 888-286-8010 (within the US) and 617-801-6888 (outside the US) and using passcode 22015660.

The live call and the replay, along with supporting materials, can also be accessed through the Investor Relations section of the company’s website at www.mastercard.com.

About MasterCard Incorporated

MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard^®, Maestro^® and Cirrus^®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.

MasterCard Incorporated – Page 6

Forward-Looking Statements

Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation:

• the company’s ability to benefit from the worldwide demand for electronic payments, solid performance in high-growth regions, growth in processed transactions and cross-border travel volumes.

• the company’s ability to leverage its assets and brands to position it for long-term growth and success; and

• the company’s offerings and global payments insights resonating with its customers and merchants around the world.

Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the company’s filings with the Securities and Exchange Commission (SEC), including the company’s Annual Report on Form 10-K for the year ended December 31, 2006, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2007 and 2008, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause the company’s results to differ materially from expected results.

Contacts:

Investor Relations: Barbara Gasper, investor_relations@mastercard.com, 914-249-4565

Media Relations: Chris Monteiro, chris_monteiro@mastercard.com, 914-249-5826

###

MasterCard Incorporated – Page 7

MASTERCARD INCORPORATED

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2007			2006			2007			2006
	(In thousands, except per share data)
Revenues, net	$	1,072,687		$	839,163		$	4,067,599		$	3,326,074
Operating Expenses
General and administrative		495,550			399,304			1,758,388			1,505,185
Advertising and marketing		368,929			352,934			1,080,057			1,051,870
Litigation settlements		—			1,707			3,400			24,957
Charitable contributions to the MasterCard Foundation		10,000			14,500			20,000			414,785
Depreciation and amortization		26,152			24,730			97,642			99,782
Total operating expenses		900,631			793,175			2,959,487			3,096,579
Operating income		172,056			45,988			1,108,112			229,495
Other Income (Expense)
Investment income, net		311,364			40,905			530,400			124,994
Interest expense		(15,313	)		(17,686	)		(57,277	)		(61,151	)
Other income (expense), net		(1,071	)		531			90,197			834
Total other income (expense)		294,980			23,750			563,320			64,677
Income before income taxes		467,036			69,738			1,671,432			294,172
Income tax expense		162,803			28,836			585,546			243,982
Net Income	$	304,233		$	40,902		$	1,085,886		$	50,190
Basic Net Income per Share	$	2.28		$	0.30		$	8.05		$	0.37
Basic Weighted Average Shares Outstanding		133,548			135,700			134,887			135,411
Diluted Net Income per Share	$	2.26		$	0.30		$	8.00		$	0.37
Diluted Weighted Average Shares Outstanding		134,448			136,461			135,695			135,779

MasterCard Incorporated – Page 8

MASTERCARD INCORPORATED

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	December 31, 2007			December 31, 2006
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	1,659,295		$	1,185,080
Investment securities, at fair value:
Trading		2,561			12,261
Available-for-sale		1,308,126			1,286,580
Accounts receivable		532,633			451,261
Settlement due from members		712,558			311,953
Restricted security deposits held for members		142,052			109,897
Prepaid expenses		156,258			130,849
Other current assets		78,258			89,348
Total Current Assets		4,591,741			3,577,229
Property, plant and equipment, at cost (less accumulated depreciation of $250,888 and $220,720)		290,200			252,731
Deferred income taxes		263,143			216,782
Goodwill		239,626			217,013
Other intangible assets (less accumulated amortization of $347,977 and $309,110)		320,758			271,373
Municipal bonds held-to-maturity		192,489			193,477
Prepaid expenses		274,962			235,654
Other assets		87,122			118,211
Total Assets	$	6,260,041		$	5,082,470
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	252,391		$	278,656
Settlement due to members		604,212			286,059
Restricted security deposits held for members		142,052			109,897
Obligations under U.S. merchant lawsuit and other litigation settlements — current		107,235			117,275
Accrued expenses		1,071,557			936,427
Short-term debt		80,000			—
Other current liabilities		105,895			83,276
Total Current Liabilities		2,363,342			1,811,590
Deferred income taxes		71,278			66,198
Obligations under U.S. merchant lawsuit and other litigation settlements		297,201			359,640
Long-term debt		149,824			229,668
Other liabilities		346,469			246,395
Total Liabilities		3,228,114			2,713,491
Commitments and Contingencies
Minority interest		4,620			4,620
Stockholders’ Equity
Class A common stock, $.0001 par value; authorized 3,000,000,000 shares, 91,243,433 and 79,631,983 shares issued and outstanding, respectively		9			8
Class B common stock, $.0001 par value; authorized 1,200,000,000 shares, 43,948,778 and 55,337,407 shares issued and outstanding, respectively		5			6
Class M common stock, $.0001 par value, authorized 1,000,000 shares, 1,636 and 1,600 shares issued and outstanding, respectively		—			—
Additional paid-in capital		3,312,380			3,289,879
Class A treasury stock, at cost, 3,921,892 and no shares, respectively		(600,532	)		—
Retained earnings (accumulated deficit)		37,699			(1,029,196	)
Accumulated other comprehensive income:
Cumulative foreign currency translation adjustments		216,651			119,655
Defined benefit pension and other postretirement plans, net of tax		(3,555	)		(11,402	)
Investment securities available-for-sale, net of tax		64,650			(3,065	)
Derivatives accounted for as hedges, net of tax		—			(1,526	)
Total accumulated other comprehensive income		277,746			103,662
Total Stockholders’ Equity		3,027,307			2,364,359
Total Liabilities and Stockholders’ Equity	$	6,260,041		$	5,082,470

MasterCard Incorporated – Page 9

MASTERCARD INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the Years Ended December 31,
	2007			2006
	(In thousands)
Operating Activities
Net income	$	1,085,886		$	50,190
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		97,642			99,782
Gain on sale of Redecard S.A. available-for-sale securities		(390,968	)		—
Charitable contribution of common stock to the MasterCard Foundation		—			394,785
Share based payments		58,213			19,181
Stock units settled in cash for taxes		(11,334	)		—
Tax benefit for share based compensation		(15,430	)		—
Impairment of available-for-sale securities		8,719			—
Accretion of imputed interest on litigation settlement		38,046			42,798
Deferred income taxes		(5,492	)		32,267
Other		15,121			9,746
Changes in operating assets and liabilities:
Trading securities		9,700			10,211
Accounts receivable		(60,984	)		(93,428	)
Settlement due from members		(356,305	)		(75,553	)
Prepaid expenses		(19,859	)		42,623
Other current assets		(7,538	)		7,813
Prepaid expenses, non-current		(28,398	)		(30,555	)
Accounts payable		(30,650	)		89,382
Settlement due to members		276,144			89,739
Litigation settlement accruals		(110,525	)		(170,883	)
Accrued expenses		176,716			86,859
Net change in other assets and liabilities		41,157			45,204
Net cash provided by operating activities		769,861			650,161
Investing Activities
Purchases of property, plant and equipment		(81,587	)		(61,204	)
Capitalized software		(74,835	)		(33,264	)
Purchases of investment securities available-for-sale		(3,578,357	)		(3,815,115	)
Proceeds from sales and maturities of investment securities available-for-sale		4,042,011			3,233,725
Other investing activities		7,909			(368	)
Net cash provided by (used in) investing activities		315,141			(676,226	)
Financing Activities
Cash received from sale of common stock, net of issuance costs		—			2,449,910
Cash payment for redemption of common stock		—			(1,799,937	)
Dividends paid		(74,002	)		(12,373	)
Cash proceeds from exercise of stock options		1,597			—
Tax benefit for share based compensation		15,430			—
Purchase of treasury stock		(600,532	)		—
Net cash (used in) provided by financing activities		(657,507	)		637,600
Effect of exchange rate changes on cash and cash equivalents		46,720			28,272
Net increase in cash and cash equivalents		474,215			639,807
Cash and cash equivalents — beginning of year		1,185,080			545,273
Cash and cash equivalents — end of year	$	1,659,295		$	1,185,080

MasterCard Incorporated – Page 10

MASTERCARD INCORPORATED OPERATING PERFORMANCE

	For the 3 Months ended December 31, 2007
All MasterCard Credit, Charge and Debit Programs	GDV (Bil.)		Growth (USD)		Growth (Local)		Purchase Volume (Bil.)		Growth (Local)		Purchase Trans. (Mil.)	Cash Volume (Bil.)		Growth (Local)		Cash Trans. (Mil.)	Accounts (Mil.)	Cards (Mil.)	Acceptance Locations (Mil.)
Asia Pacific	$	88	26.4	%	19.0	%	$	61	23.9	%	713	$	26	9.0	%	150	161	175	7.0
Canada		27	35.1	%	16.6	%		24	16.3	%	239		4	18.5	%	5	30	36	0.8
Europe		190	31.7	%	18.4	%		142	18.9	%	1,551		48	16.7	%	257	166	178	7.4
Latin America		47	28.2	%	22.0	%		25	25.8	%	441		23	18.1	%	139	80	99	2.7
South Asia / Middle East / Africa		12	43.6	%	34.1	%		7	28.7	%	96		5	42.0	%	40	29	33	0.9
United States		268	10.0	%	10.0	%		218	11.1	%	3,426		50	5.1	%	242	345	394	7.1
Worldwide		634	20.9	%	15.2	%		477	16.1	%	6,466		156	12.3	%	833	811	916	25.9
MasterCard Credit and Charge Programs
United States		171	7.8	%	7.8	%		147	8.7	%	1,708		24	2.4	%	17	234	279
Worldwide less United States		291	31.2	%	19.5	%		231	21.3	%	2,598		60	13.0	%	251	402	452
Worldwide		463	21.4	%	14.9	%		378	16.1	%	4,306		84	9.7	%	268	636	731
MasterCard Debit Programs
United States		97	14.0	%	14.0	%		71	16.4	%	1,717		26	7.8	%	225	111	116
Worldwide less United States		74	27.8	%	18.8	%		28	16.2	%	442		46	20.4	%	339	64	69
Worldwide		171	19.6	%	16.0	%		99	16.4	%	2,159		72	15.5	%	564	175	185
	For the 12 Months ended December 31, 2007
All MasterCard Credit, Charge and Debit Programs	GDV (Bil.)		Growth (USD)		Growth (Local)		Purchase Volume (Bil.)		Growth (Local)		Purchase Trans. (Mil.)	Cash Volume (Bil.)		Growth (Local)		Cash Trans. (Mil.)	Accounts (Mil.)	Cards (Mil.)
Asia Pacific	$	308	22.0	%	17.1	%	$	211	21.9	%	2,582	$	96	7.6	%	552	161	175
Canada		91	22.3	%	15.0	%		78	15.0	%	865		13	15.1	%	20	30	36
Europe		659	26.7	%	16.2	%		489	16.7	%	5,679		170	14.6	%	979	166	178
Latin America		158	25.4	%	21.8	%		79	25.1	%	1,561		79	18.7	%	512	80	99
South Asia / Middle East / Africa		43	40.1	%	39.2	%		24	30.9	%	348		19	51.5	%	151	29	33
United States		1,017	10.7	%	10.7	%		815	12.5	%	12,767		202	3.6	%	980	345	394
Worldwide		2,276	18.4	%	14.4	%		1,697	15.7	%	23,802		579	10.7	%	3,194	811	916
MasterCard Credit and Charge Programs
United States		645	5.8	%	5.8	%		548	7.8	%	6,312		97	-4.1	%	68	234	279
Worldwide less United States		1,003	25.3	%	17.3	%		786	19.3	%	9,418		217	10.6	%	961	402	452
Worldwide		1,648	16.9	%	12.5	%		1,334	14.3	%	15,730		314	5.6	%	1,029	636	731
MasterCard Debit Programs
United States		372	20.3	%	20.3	%		267	23.8	%	6,455		104	12.1	%	912	111	116
Worldwide less United States		256	25.9	%	18.8	%		96	14.8	%	1,616		160	21.4	%	1,254	64	69
Worldwide		628	22.5	%	19.7	%		363	21.3	%	8,072		265	17.5	%	2,166	175	185
	For the 3 Months ended December 31, 2006
All MasterCard Credit, Charge and Debit Programs	GDV (Bil.)		Growth (USD)		Growth (Local)		Purchase Volume (Bil.)		Growth (Local)		Purchase Trans. (Mil.)	Cash Volume (Bil.)		Growth (Local)		Cash Trans. (Mil.)	Accounts (Mil.)	Cards (Mil.)
Asia Pacific	$	69	17.4	%	12.5	%	$	46	17.5	%	589	$	23	3.7	%	126	143	156
Canada		20	16.8	%	13.2	%		18	13.9	%	208		3	9.3	%	5	26	32
Europe		145	21.4	%	12.8	%		108	13.7	%	1,344		37	10.3	%	229	140	151
Latin America		37	24.7	%	25.0	%		18	27.8	%	373		19	22.4	%	123	71	86
South Asia / Middle East / Africa		9	32.2	%	39.6	%		5	31.2	%	82		4	53.8	%	33	23	26
United States		244	14.4	%	14.4	%		197	17.0	%	3,050		48	5.0	%	234	307	362
Worldwide		524	17.7	%	14.7	%		391	16.6	%	5,646		133	9.5	%	749	710	813
MasterCard Credit and Charge Programs
United States		159	3.0	%	3.0	%		135	5.7	%	1,583		24	-10.0	%	17	212	262
Worldwide less United States		222	19.9	%	14.1	%		173	16.4	%	2,216		49	6.8	%	225	342	386
Worldwide		381	12.2	%	9.2	%		308	11.4	%	3,799		73	0.6	%	242	554	648
MasterCard Debit Programs
United States		85	44.6	%	44.6	%		61	53.4	%	1,467		24	26.0	%	218	95	101
Worldwide less United States		58	24.2	%	18.1	%		22	14.5	%	380		36	20.3	%	290	61	65
Worldwide		143	35.6	%	32.5	%		83	40.9	%	1,847		60	22.5	%	507	156	165
	For the 12 Months ended December 31, 2006
All MasterCard Credit, Charge and Debit Programs	GDV (Bil.)		Growth (USD)		Growth (Local)		Purchase Volume (Bil.)		Growth (Local)		Purchase Trans. (Mil.)	Cash Volume (Bil.)		Growth (Local)		Cash Trans. (Mil.)	Accounts (Mil.)	Cards (Mil.)
Asia Pacific	$	252	11.2	%	10.1	%	$	166	16.5	%	2,121	$	86	-0.4	%	455	143	156
Canada		75	21.8	%	14.2	%		64	15.1	%	768		11	9.0	%	19	26	32
Europe		520	14.9	%	13.9	%		384	14.1	%	4,992		136	13.1	%	878	140	151
Latin America		126	28.4	%	26.1	%		60	29.2	%	1,320		66	23.5	%	456	71	86
South Asia / Middle East / Africa		31	41.2	%	46.5	%		18	33.2	%	288		12	72.5	%	108	23	26
United States		919	15.7	%	15.7	%		724	17.3	%	11,026		195	10.1	%	922	307	362
Worldwide		1,922	16.1	%	15.4	%		1,417	16.8	%	20,514		506	11.4	%	2,839	710	813
MasterCard Credit and Charge Programs
United States		610	6.0	%	6.0	%		509	7.7	%	5,901		102	-1.9	%	65	212	262
Worldwide less United States		800	15.7	%	14.2	%		615	16.7	%	8,083		185	6.5	%	856	342	386
Worldwide		1,410	11.3	%	10.5	%		1,124	12.4	%	13,984		286	3.4	%	921	554	648
MasterCard Debit Programs
United States		309	41.2	%	41.2	%		216	48.3	%	5,125		93	27.1	%	857	95	101
Worldwide less United States		203	20.2	%	18.8	%		77	14.0	%	1,405		126	21.9	%	1,060	61	65
Worldwide		512	32.1	%	31.4	%		293	37.4	%	6,530		219	24.1	%	1,917	156	165

Note that columns in the tables above may not add due to rounding; growth represents change from the comparable year-ago period.

MasterCard Incorporated – Page 11

Footnote

The tables set forth the gross dollar volume (“GDV”), purchase volume, cash volume and the number of purchase transactions, cash transactions, accounts, cards and acceptance locations on a regional and global basis for MasterCard^®-branded and MasterCard Electronic™-branded cards. Growth rates over prior periods are provided for volume-based data.

Debit transactions on Maestro^® and Cirrus^®-branded cards, Mondex^® transactions and transactions involving brands other than MasterCard are not included in the preceding tables.

For purposes of the table: GDV represents purchase volume plus cash volume and includes the impact of balance transfers and convenience checks; “purchase volume” means the aggregate dollar amount of purchases made with MasterCard-branded cards for the relevant period; and “cash volume” means the aggregate dollar amount of cash disbursements obtained with MasterCard-branded cards for the relevant period. The number of cards includes virtual cards, which are MasterCard-branded payment accounts in connection with which functional cards are not generally issued. Acceptance locations include merchant locations, ATMs and other locations where cash may be obtained.

The MasterCard payment product is comprised of credit, charge and debit programs, and data relating to each type of program is included in the tables. Debit programs include MasterCard-branded debit programs where the primary means of cardholder validation at the point of sale is for cardholders either to sign a sales receipt or enter a PIN. The tables include information with respect to transactions involving MasterCard-branded cards that are not processed by MasterCard and transactions for which MasterCard does not earn significant revenues.

Information denominated in U.S. dollars is calculated by applying an established U.S. dollar/local currency exchange rate for each local currency in which MasterCard volumes are reported. These exchange rates are calculated on a quarterly basis using the average exchange rate for each quarter. MasterCard reports period-over-period rates of change in purchase volume and cash volume on the basis of local currency information, in order to eliminate the impact of changes in the value of foreign currencies against the U.S. dollar in calculating such rates of change.

The data set forth in the GDV, purchase volume, purchase transactions, cash volume and cash transactions columns is provided by MasterCard customers that is subject to verification by MasterCard and partial cross-checking against information provided by MasterCard’s transaction processing systems. The data set forth in the accounts and cards columns is provided by MasterCard customers and is subject to certain limited verification by MasterCard. A portion of the data set forth in the accounts and cards columns reflects the impact of routine portfolio changes among customers and other practices that may lead to over counting of the underlying data in certain circumstances. Certain information with respect to acceptance locations is provided by third parties and has not been independently verified by MasterCard. In order to provide a true indication of how broadly our cards can be used, MasterCard seeks to provide the most accurate acceptance figures possible and to maintain that MasterCard acceptance is unsurpassed worldwide by periodically validating our results with third parties. The data set forth in the acceptance locations column is derived through a proprietary methodology designed to minimize the impact of multiple acquiring in certain markets. This data is based on information provided by our customers and other third parties and is subject to certain limited verification by MasterCard and partial cross-checking against information provided by MasterCard’s transaction processing systems. All data is subject to revision and amendment by MasterCard’s customers subsequent to the date of its release.

In the three and twelve months ended December 31, 2007, GDV excludes commercial funds transfers in China, which are generally transactions that facilitate the transfer of funds between bank branches, but do not involve traditional cash withdrawals or balance transfers. Data for the comparable periods in 2006 have been updated to be consistent with this approach.

Performance information for prior periods may be found in the “Investor Relations” section of MasterCard’s website at www.mastercard.com.

MasterCard Incorporated – Page 12

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

($ million)	For the three months ended 12/31/07								For the three months ended 12/31/06									YOY Growth
	Actual			Special Items		As Adjusted			Actual			Special Items			As Adjusted			As Adjusted
Revenues, net	$	1,073		—		$	1,073		$	839			—		$	839		27.8	%
Operating Expenses
General and administrative		496		—			496			399			—			399		24.3	%
Advertising and marketing		369		—			369			353			—			353		4.5	%
Litigation settlements		—		—			—			2			2	a		—		—
Charitable contributions to the MasterCard Foundation		10		—			10	b		14			—			14	b	(28.6	%)
Depreciation and amortization		26		—			26			25			—			25		4.0	%
Total operating expenses		901		—			901			793			2			791		13.9	%
Operating income		172		—			172			46			2			48		258.3	%
Operating Margin		16.0	%	—			16.0	%		5.5	%		—			5.7	%	10.3 ppts.
Other Income (Expense)
Investment income, net		311		—			311			41			—			41		658.5	%
Interest expense		(15	)	—			(15	)		(17	)		—			(17	)	(11.8	%)
Other income, net		(1	)	—			(1	)		—			—			—		NM
Total other income		295		—			295			24			—			24		NM
Income before income taxes		467		—			467			70			2			72		548.6	%
Income tax expense		163		—			163			29			1			30		443.3	%
Net Income (loss)	$	304		—		$	304		$	41			1		$	42		623.8	%
Basic Net Income (Loss) per Share	$	2.28		—		$	2.28		$	0.30		$	0.01		$	0.31		635.5	%
Diluted Net Income (Loss) per Share	$	2.26		—		$	2.26		$	0.30		$	0.01		$	0.31		629.0	%
($ million)	For the year ended 12/31/07								For the year ended 12/31/06									YOY Growth
	Actual			Items		As Adjusted			Actual			Items			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		3	a		—			25			25	a		—		—
Charitable contributions to the MasterCard Foundation		20		—			20	b		415			395	c		20	b	—
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	)d		118		349.2	%
Interest expense		(57	)	—			(57	)		(61	)		—			(61	)	(6.6	%)
Other income, net		90		90	e		—			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	%

^a Litigation settlements

^b Contribution of cash to the MasterCard Foundation

^c Contribution of stock to the MasterCard Foundation

^d Interest income on IPO proceeds held for redemption

^e 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 the figures in the preceding tables may not sum due to rounding

MasterCard Incorporated – Page 13

Reconciliation to Effective Tax Rate

	U.S. GAAP Actual		U.S. GAAP Effective Tax Rate		Stock Donation		Non-U.S. GAAP Adjusted		Non-U.S. GAAP Effective Tax Rate
	(In millions, except percents)
Twelve months ended December 31, 2006:
Income before income taxes	$	294	82.9	%	$	395	$	689	35.4	%
Income tax expense1		244						244
Net Income	$	50					$	445

¹ Income tax expense has been calculated with and without the impact of the stock donation to the Foundation.

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

For more information about these reconciliations, refer to MasterCard Incorporated’s Form 8-K filed with the Securities and Exchange Commission on January 31, 2008.

###