MasterCard Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2015; Provides Tax Rate Guidance for the Year 2016
For the twelve months, the company reported net revenue of $9,667 million compared with $9,441 million for the same period last year. Operating income was $5,078 million compared with $5,016 million for the same period last year. Income before income taxes was $4,958 million compared with $5,079 million for the same period last year. Net income was $3,808 million or $3.35 diluted per share compared with net income was $3,617 million or $3.10 diluted per share for the same period last year. Net cash provided by operating activities was $4,043 million compared with $3,407 million for the same period last year. Purchases of property, plant and equipment was $177 million compared with $175 million for the same period last year. Non GAAP net income was $3,903 million or $3.43 diluted per share compared with $3,617 million or $3.10 per share.
For 2016, the company expects tax rate as the 30% normalized rate.