Slide 1: Visa Inc. Fiscal Third Quarter 2016 Financial Results
Exhibit 99.2 Visa 21, Fiscal July Inc. Third 2016Quarter 2016 Financial Results
Slide 2: Forward-Looking Statements
Forward-Looking This “estimates,” operating By assumptions increased developments new including stock institution industry system disruption account effectiveness the and Form 2You otherwise. Fiscal following: failure public should lawsuits, presentation their market 10-K developments, data Third de
Slide 3: Solid Fiscal Third Quarter 2016 Results
Solid Net earnings stock $1.7 21, operations 3diluted Fiscal Note: operating billion in Fiscal earnings Third the GAAP 2016, ofopen of Third series revenues Quarter cash We quarterly per market Quarter on through from share 2016 hand ofat Bper See $3.6 Results an and did Financial share appendix ave
Slide 4: Payments Volume
Payments US$ Quarter 2016 2015 1,168 U.S. 628 [SERIES [VALUE] Total YOY (nominal) Note: (constant) 4rounding. Fiscal U.S.[SERIES 302[VALUE]437473 INTL [VALUE]445 in Visa Change On [VALUE] [SERIES 1,253 billions, ended Third 111INTL INTL NAME] occasion, Percentage Volume Inc. 558Quarter March =12% 7%
Slide 5: Payments Volume
Payments US$ Quarter Note: provided occasion, Percentage 2015 2016 1,254 376 U.S. 373 INTL 319 Total (nominal) 5YOY (constant) Fiscal 462 476 in 683 339 1,347 Visa Change We 117 billions, ended Third 496 U.S. INTL in reported did Volume 7% INTL Inc. changes INTL the not 7% 10% 851 Quarter June Credi
Slide 6: Processed Transactions
inFiscal Transactions Quarter 2016 2015 38% Total YOY Note: transactions updates 6Electron, millions, Credit 30,157 Transactions Change Weended are Third Interlink did not except 62% as 26,954 not 12% Quarter June reported material. Debit include and Processed percentages 10%2016 PLUS 38% by Figures
Slide 7: Total Cards
Total in Quarter 2,418 2016 2015 864 1,609 1,555 Visa YOY Note: 7updated numbers. Fiscal millions, 899 Inc. Cards Change The2,508 ended Third to data reflect CreditDebit except Quarter March presented 4%revised percentages 4%3% 2016 is client based Financial submissions on results Resultsreported or
Slide 8: Revenue
Revenue US$ 4,469 3,518 (670) Gross YOY Fiscal Change Note: 8not Fiscal recalculate in7% (839) We 4,188 3,630 Revenues 2015 2016 millions, Third –25% did Q3Fiscal %not Quarter 2016 of 3% exactly Client except 19% include 201681% 2016 due Net percentages Visa to Operating Gross Financial rounding. Eu
Slide 9: Revenue Detail
Revenue US$ Fiscal 1,550 1,635 1,039 199 Service YOY Note: Change 9not Fiscal recalculate 209 in6% We 1,541 1,084 2015 millions, Revenues Third Detail 10% didFiscal 1,400 not Quarter 4% exactly –except include Q3 Data 2016 5%2016 2016 due Processing percentages Visa toFinancial rounding. Europe’s In
Slide 10: Adjusted Operating Income and Margin
Adjusted US$ Fiscal 3,518 68% 1,256 Net YOY Note: Change margin reconciliation 10 Fiscal Operating in 2,457 3%4 We 3,630 1,173 2015 millions, is Operating Third calculated did (7%) 64% Fiscal not of Adjusted Quarter ,9% adjusted except include 2016 Margin as pptoperating 2016 percentages Operating V
Slide 11: Adjusted Operating Expenses
Adjusted US$ Fiscal 224 137 82 Personnel YOY Change Note: not GAAP 11 Fiscal 78 recalculate 189 154 in(4%) We 2015 financial millions, (10%) 117 Third Operating did Marketing (7%) Fiscal 123 not (16%) exactly Quarter measures. except 130 include 2016 Expenses Network 120 5% due 2016 percentages 566
Slide 12: Other Highlights: Cash, Free Cash Flow, Repurchases
Other Cash, •Adjusted Authorized Note: operations See 12 Capital Fiscal appendix 2016, cash Financial expenditures free Third as equivalents athrough new of for cash Quarter Results from reconciliation $5.0 flow We June of and billion 2016 and of did $132 $2.0 the available-for-sale Highlights not F
Slide 13: Fiscal Year 2016 Financial Outlook
Financial earnings in currency growth and results. fiscal annual •full-year About per impact Outlook diluted share: 4• ppts •Incremental Europe for class Incremental Annual Fiscal ofAnegative net common adjusted Year income 313 to2016 foreign to 4stock free ppts 14 offsets Financial ppts cash from e
Slide 14: Appendix
Appendix VISA
Slide 15: Reconciliation of Non-GAAP Financial Results
Reconciliation US$ Our performance comprised determined settlement increase cash related holding tax Š operating A-1 Acquisition-related Visa Net Foreign Revaluation rates, financial Fiscal impact. consideration inlosses Europe tax millions, euro-denominated ofthe expense. exchange of Third benefit
Slide 16: Reconciliation of Adjusted Financial Results (Continued)
Reconciliation US$ Adjusted measures respective currency average Three (in ,As Diluted (1) Note: operations effect A-2 . millions, reported Figures Fiscal inimmaterial. is Months millions, weighted-average shares immaterial. forward operating and non-GAAP stock Third in $except should 3,202 (94) the
Slide 17: Calculation of Adjusted Free Cash Flow
Calculation US$ Management stock dividends that following Three 1,877 Adjusted (1) 2015. as unaudited A-3Note: Funds are Fiscal inbuybacks The Settlement Months millions not the Free returned table paid from Company Third related of We believes Adjusted Ended Cash of reconciles consolidated and impa