Slide 1: Fiscal Fourth Quarter Financial Results
Visa Inc. Fiscal Fourth Quarter Financial Results October 30, 2013 Exhibit 99.2
Slide 2: Forward-Looking Statements
Fiscal Fourth Quarter 2013 Financial Results 2 Forward-Looking Statements various other factors discussed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Result of Operations” in our Annual Report on Form 10-K for the year ended September 30, 2012 and our most
Slide 3: Solid Fiscal Fourth Quarter Results
Fiscal Fourth Quarter 2013 Financial Results 3 Solid Fiscal Fourth Quarter Results • Strong operating revenues of $3.0 billion, up 9% over prior year • Quarterly net income of $1.2 billion and diluted earnings per share of $1.85, up 15% and 20%, respectively, over prior year adjusted results • Conti
Slide 4: Payments Volume
Fiscal Fourth Quarter 2013 Financial Results 4 Payments Volume US$ in billions, nominal, except percentages YOY Change (nominal) 9% 15% 11% YOY Change (constant) 13% 12% 16% Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on whole numbers, not the r
Slide 5: Payments Volume
Fiscal Fourth Quarter 2013 Financial Results 5 Payments Volume US$ in billions, nominal, except percentages YOY Change (nominal) 8% 12% 10% YOY Change (constant) 13% 13% 13% Note: Current quarter payments volume and other select metrics are provided in the operational performance data supplement to
Slide 6: Transactions
Fiscal Fourth Quarter 2013 Financial Results 6 Credit 38% Debit 62% Credit 38% Debit 62% Transactions in millions, except percentages Note: Processed transactions represent transactions involving Visa, Visa Electron, Interlink and Plus cards processed on Visa’s networks. Total transactions represent
Slide 7: Total Cards
Fiscal Fourth Quarter 2013 Financial Results 7 Total Cards in millions, except percentages YOY Change 9% 7% 4% Note: From time to time, previously submitted card information may be updated. Prior period updates are not material. Figures may not recalculate exactly due to rounding. Percentage changes
Slide 8: Revenue – Q4 2013
Fiscal Fourth Quarter 2013 Financial Results 8 Revenue – Q4 2013 US$ in millions, except percentages YOY Change 21% 9% 11% Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on whole numbers, not the rounded numbers presented. FY13 % of Gross Revenues
Slide 9: Revenue Detail – Q4 2013
Fiscal Fourth Quarter 2013 Financial Results 9 Revenue Detail – Q4 2013 US$ in millions, except percentages Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on whole numbers, not the rounded numbers presented. YOY Change 12% 13% 10% 6% Fiscal 2012 Fi
Slide 10: Operating Margin – Q4 2013
Fiscal Fourth Quarter 2013 Financial Results 10 Operating Margin – Q4 2013 US$ in millions, except percentages Note: Operating margin is calculated as operating income divided by net operating revenues. Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on w
Slide 11: Operating Expenses – Q4 2013
Fiscal Fourth Quarter 2013 Financial Results 11 Operating Expenses – Q4 2013 US$ in millions, except percentages Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on whole numbers, not the rounded numbers presented. YOY Change 10% (3%) 6% (2%) 17% (13
Slide 12: Other Financial Results
Fiscal Fourth Quarter 2013 Financial Results 12 Other Financial Results • Cash, cash equivalents and available-for-sale investment securities of $6.9 billion at the end of the fiscal fourth quarter • Free cash flow of $1.9 billion for the fiscal fourth quarter • Capital expenditures of $138 million
Slide 13: Financial Metrics for Fiscal Year 2014
Fiscal Fourth Quarter 2013 Financial Results 13 Financial Metrics for Fiscal Year 2014 Annual net revenue growth Client incentives as % of gross revenues Operating margin Annual diluted class A common stock earnings per share growth Annual free cash flow Low double-digits on a constant dollar basis
Slide 14: Appendix
Appendix
Slide 15: VISA
VISA
Slide 16: Reconciliation of Non-GAAP Financial Results – Fourth Quarter
Fiscal Fourth Quarter 2013 Financial Results A1 Three Months Ended September 30, Reconciliation of Non-GAAP Financial Results – Fourth Quarter US$ in millions, except per share data During the fourth quarter of fiscal 2012, the IRS issued a revised Revenue Agent Report effectively withdrawing its pr
Slide 17: VISA
VISA
Slide 18: Reconciliation of Non-GAAP Financial Results – Full Year
Fiscal Fourth Quarter 2013 Financial Results A2 Twelve Months Ended September 30, Reconciliation of Non-GAAP Financial Results – Full Year Our financial results for fiscal 2012 were impacted by the following special items: We believe inclusion of these items was not indicative of our financial perfo
Slide 19: Calculation of Free Cash Flow
Fiscal Fourth Quarter 2013 Financial Results A3 Calculation of Free Cash Flow US$ in millions (1) Includes changes in client incentives, trade receivable/payable, settlement receivable/payable and personnel incentives.