What are the key performance metrics presented in this filing?

The filing presents key performance metrics including Gross Dollar Volume (GDV), purchase volume, cash volume, number of purchase transactions, number of cash transactions, number of accounts, and number of cards. These are broken down by region and program type (all programs except online debit, credit programs, and off-line debit programs).

How does the company account for foreign currency fluctuations in its growth rates?

MasterCard reports period-over-period rates of change for GDV, purchase volume, and cash volume solely on the basis of local currency information. This is done to eliminate the impact of changes in foreign currency exchange rates against the U.S. dollar.

What is included in Gross Dollar Volume (GDV)?

GDV represents the sum of purchase volume and cash volume. It also includes the impact of balance transfers and convenience checks.

Are Maestro and Cirrus transactions included in these tables?

No, Maestro® and Cirrus® on-line debit transactions, Mondex® transactions, and other branded transactions are not included in the preceding tables. The filing notes that Maestro brand mark appeared on approximately 458 million cards worldwide as of December 31, 2002.

MA 8-K SEC Disclosure — May 7, 2003

Summary

This 8-K filing from Mastercard Inc. (MA) provides a snapshot of the company's payment program performance for the first quarter ended March 31, 2003, with comparative data for the full years 2001 and 2002, which have been restated for consistency. The report focuses on key metrics such as Gross Dollar Volume (GDV), purchase volume, cash volume, and transaction counts across various regions and program types (all programs except online debit, credit, and off-line debit). Overall, the data indicates continued growth in key performance indicators for the first quarter of 2003 compared to the prior year, particularly in purchase volume and transactions across most regions, with notable strength in Latin America and Canada. While the worldwide GDV for all programs saw a 7.3% increase, it's important for investors to note that the growth rates provided are in local currency to neutralize foreign exchange impacts. The filing also includes details on the methodology used to calculate these metrics, including definitions and limitations, and notes restatements of prior year data that do not materially affect reported financial results.

Key Highlights

1MasterCard reported a worldwide Gross Dollar Volume (GDV) of $285.7 billion for the three months ended March 31, 2003, representing a 7.3% increase in local currency terms.
2Worldwide purchase volume for all programs (excluding online debit) grew by 11.3% in local currency to $204.0 billion in Q1 2003.
3Worldwide purchase transactions across all programs increased significantly to 2,969.3 million in Q1 2003.
4Latin America showed the strongest regional growth for GDV (+29.4%) and purchase volume (+21.6%) in Q1 2003.
5The United States remains the largest market, with GDV of $146.7 billion and purchase volume of $108.9 billion for all programs in Q1 2003.
6The filing provides restated figures for 2001 and 2002 to ensure consistent presentation with Q1 2003 data, noting these revisions do not materially impact reported financial results.
7The company distinguishes between credit programs and off-line debit programs, with off-line debit showing robust growth in transactions and volume.

Mastercard Inc 8-K Report (May 7, 2003)

Summary

Key Highlights

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