Slide 1: Visa Inc. Fiscal Second Quarter 2014 Financial Results
Visa Inc. Fiscal Second Quarter 2014 Financial Results April 24, 2014 Exhibit 99.2
Slide 2: Solid Fiscal Second Quarter Results
Solid Fiscal Second Quarter Results Solid operating revenues of $3.2 billion, up over prior year Repurchased 5.1 million shares of class A common stock in open market at an average price of $217.61 per share, using $1.1 billion of cash hand Continued positive secular trends and spending momentum con
Slide 3: Payments Volume – Quarter ended December
Quarter ended December Payments Volume US$ in billions, nominal, except percentages YOY Change (constant) YOY Change (nominal) Percentage From time time, previously submitted volume information be updated reflect revised client submissions or other adjustments. Prior period updates material. Constan
Slide 4: Payments Volume – Quarter ended March
Quarter ended March Payments Volume US$ in billions, nominal, except percentages YOY Change (constant) YOY Change (nominal) Current quarter payments volume and other select metrics provided in operational performance data supplement in press release provide more recent operating data. Service revenu
Slide 5: Transactions – Quarter ended March
Quarter ended March Transactions in millions, except percentages Processed transactions represent transactions involving Visa, Visa Electron, Interlink and Plus cards processed Visa’s networks. Total transactions represent payments and cash transactions as reported by Visa clients their operating ce
Slide 6: Total Cards – Quarter ended December
Quarter ended December Total Cards in millions, except percentages data presented is results reported quarterly by Visa clients their operating certificates. Estimates be utilized if data is unavailable. From time time, previously submitted card information be updated reflect revised client submissi
Slide 7: Revenue – Q2 2014
Revenue – Q2 2014 US$ in millions, except percentages Percentages YOY Change Fiscal 2014 % of Gross Revenues
Slide 8: Revenue Detail – Q2 2014
Revenue Detail – Q2 2014 US$ in millions, except percentages Percentage YOY Change
Slide 9: Operating Margin – Q2 2014
Operating Margin – Q2 2014 US$ in millions, except percentages Operating margin is as operating income divided by net operating revenues. Percentage YOY Change 2 ppts
Slide 10: Operating Expense – Q2 2014
Operating Expense – Q2 2014 US$ in millions, except percentages Percentage YOY Change (15%) (8%) NM 119 120 Personnel Marketing Network & Processing Professional Fees Depreciation & Amortization General & Administrative Litigation Provision Fiscal 2013 Fiscal 2014
Slide 11: Financial Metrics for Fiscal Year 2014
Annual free cash flow Annual diluted class A common stock earnings per share growth Annual net revenue growth Client incentives as % of gross revenues Annual operating margin Tax Rate Financial Metrics for Fiscal Year 2014 • Low double -digits in the 10-11% range on a constant dollar basis • Negativ
Slide 12: Appendix
Appendix * * * * * * * * * *
Slide 13: Calculation of Free Cash Flow
Calculation of Free Cash Flow US$ in millions A-1 Additions (+) / Reductions (-) to Net income Net income (as reported) 1,598 3,005 Capital Assets + Depreciation and amortization - Capital expenditures (97) (217) (3) Litigation + Return of settlement payments (1) 1,056 1,056 - (1,056) (1,056) - Sett