MasterCard announced its performance objectives for 2025-2027 on November 13, 2024. The company aims for a net revenue compound annual growth rate (CAGR) at the high-end of low-double-digits, a minimum annual operating margin of 55%, and mid-teens earnings per share CAGR. A key highlight is the target to deliver high-teens net revenue CAGR for value-added services and solutions.The objectives are based on a 2024 base year using three quarters of actuals and Q4 guidance as of October 31, 2024. All growth rates are currency-neutral and include the impact of announced acquisitions, including the planned acquisition of Recorded Future expected to complete by Q1 2025. The net revenue CAGR includes an estimated 0.5 percentage point benefit from these acquisitions.MasterCard will provide additional context at an investor meeting starting at 9:00 am on the announcement day. The EPS objective assumes a 2025-2027 tax rate of ~21% and excludes the impact of equity investment gains/losses and special items. A reconciliation of the EPS objective to its GAAP equivalent was provided in an exhibit to the announcement.

MasterCard announced its performance objectives for 2025-2027 on November 13, 2024. The company aims for a net revenue compound annual growth rate (CAGR) at the high-end of low-double-digits, a minimum annual operating margin of 55%, and mid-teens earnings per share CAGR. A key highlight is the target to deliver high-teens net revenue CAGR for value-added services and solutions.The objectives are based on a 2024 base year using three quarters of actuals and Q4 guidance as of October 31, 2024. All growth rates are currency-neutral and include the impact of announced acquisitions, including the planned acquisition of Recorded Future expected to complete by Q1 2025. The net revenue CAGR includes an estimated 0.5 percentage point benefit from these acquisitions.MasterCard will provide additional context at an investor meeting starting at 9:00 am on the announcement day. The EPS objective assumes a 2025-2027 tax rate of ~21% and excludes the impact of equity investment gains/losses and special items. A reconciliation of the EPS objective to its GAAP equivalent was provided in an exhibit to the announcement.