8-KEarnings & ResultsRegulation FDExhibits & Filings

Mastercard Inc 8-K Report, Financial Results (Apr 29, 2015)

Filed April 29, 2015For Securities:MA

Summary

Mastercard Inc. filed an 8-K on April 29, 2015, to announce its first-quarter 2015 financial results and provide related materials for an upcoming conference call. The filing primarily includes a press release and a presentation that offer insights into the company's performance during the quarter. Investors should note that Mastercard is presenting certain growth rates adjusted for currency, which is a non-GAAP measure, to provide a clearer view of operational performance by mitigating the impact of foreign currency fluctuations. Management highlights that these non-GAAP measures are used for internal evaluation, planning, and compensation. While these provide valuable context, investors are reminded that these should be considered alongside, not as a replacement for, the company's GAAP-reported financial results. The 8-K serves as a notification of the release of this important financial information and associated discussion materials.

Key Highlights

  • 1Mastercard announced its first-quarter 2015 financial results on April 29, 2015.
  • 2The company issued a press release (Exhibit 99.1) detailing its Q1 2015 financial performance.
  • 3A presentation for the Q1 2015 earnings conference call was also provided (Exhibit 99.2).
  • 4Mastercard is presenting growth rates adjusted for currency, a non-GAAP measure.
  • 5Management believes currency-adjusted growth rates offer relevant insights into ongoing operations.
  • 6These non-GAAP measures are used for internal performance evaluation, planning, and compensation.
  • 7Investors are advised to consider non-GAAP measures in conjunction with GAAP results.

Frequently Asked Questions

This 8-K filing serves to announce Mastercard's financial results for the first quarter of 2015 and to furnish investors with the accompanying press release and presentation materials used in their earnings conference call.

Mastercard is presenting certain growth rates adjusted for currency fluctuations. This is a non-GAAP measure that management uses to provide a clearer view of operational performance by removing the volatility associated with foreign exchange rates. It's intended to aid in the evaluation of ongoing operations against historical results.

No, investors should not consider the non-GAAP financial measures in isolation or as a substitute for the company's financial results prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP figures should be viewed as supplementary information to the official GAAP financial statements.

The most detailed information will be found within the press release (Exhibit 99.1) and the presentation (Exhibit 99.2) attached to this 8-K filing. These documents provide the specific financial results and management's commentary for the first quarter of 2015.