Slide 1: Visa Inc. Fiscal First Quarter 2016 Financial Results
Exhibit 99.2 Visa Inc. Fiscal JanuaryFirst 28, Quarter 2016 2016 Financial Results
Slide 2: Forward-Looking Statements
Forward-Looking This “estimates,” operating By assumptions including national interchange factors, stock institution developments, cards the Visa matters employees; various subsequent 2You otherwise. Fiscal their following: transaction should Europe’s presentation or market arising other such First
Slide 3: Solid Fiscal First Quarter Financial Results
Net Solid GAAP Adjusted Repurchased 3Note: Fiscal Fiscal operating See quarterly First quarterly appendix First 25.7 Quarter revenues Quarter net million net for income 2016 income reconciliation Results ofshares Financial $3.6 of of $1.9 billion, of $1.7 class billion Results of billion adjusted up
Slide 4: Payments Volume: Prior Quarter Ended September 30, 2015
Payments US$ Quarter 2015 2014 632 U.S. 313 584 457 INTL Total YOY (nominal) Note: (constant) 4rounding. Fiscal 693 345 572 456 in U.S. 1,216 Visa Change On =billions, INTL 127ended International First 770 446 INTL occasion, Percentage Volume INTL Inc. 1,265 U.S. 800 465 Quarter 4% 12% September INT
Slide 5: Payments Volume: Current Quarter Ended December 31, 2015
Payments US$ Quarter Note: recognized material. the 1,245 2014 2015 U.S. 651 575 327U.S. 277 594 298 420 INTL Total (nominal) 5YOY (constant) Fiscal U.S. U.S. 631 313 592 319 457 in U.S. INTL Visa Change Current INTL 109 1,305 billions, ended First dollar U.S. INTL U.358S. Figures 713U.S. Volume 5%
Slide 6: Processed Transactions
inFiscal Transactions Quarter 25,994 29,047 2015 2014 CreditCr 38% 17,599 Debit Total 62% YOY Note: client 6transactions millions, 38% 62% Transactions Change Total submissions Debit ended First t CredCreditt transactions except Debit represent Quarter 12% December Processed or percentages 8%other 2
Slide 7: Total Visa Cards
Total in Quarter 2,340 2015 2014 1,491 849 Visa YOY Note: 7updated numbers. Fiscal millions, 887 Inc. Cards Change The 2,459 1,572 ended First toCredit data reflect except Quarter 5%September presented Debit revised 5% percentages 2016 5% is client Financial basedsubmissions on results Resultsreport
Slide 8: Net Operating Revenues
Revenue US$ 4,095 3,382 (713) Incentives YOY Fiscal Change Gross 8Note: Fiscal in6% (788) Figures 4,353 3,565 Revenues 2015 2016 millions, First –10% Revenues Q1 %Quarter may 2016 of 5% Client except 18% not2016 82% recalculate Net percentages Financial Operating exactly Results due to rounding. Per
Slide 9: Revenue Detail
Revenue US$ Fiscal 1,538 1,645 970 1,383 204 Service Revenues YOY Note: 9Change Fiscal 1,031 198 in7% Figures 1,479 2015 2016 millions, Revenues First Detail 7% Transaction Quarter 6% may –except (3%) Q1 Data not2016 2016 Revenues recalculate Processing percentages Financial exactly International Re
Slide 10: Operating Expenses and Operating Margin
Operating US$ Fiscal 3,382 66% 2,238 1,144 Net Revenues YOY Note: Change 10 Fiscal Operating in 67% 5% Operating 3,565 2,396 1,169 2015 2016 millions, First 2% Expenses Margin 7%Total Quarter margin except 1–ppt Income Q1 Operating 2016 2016 percentages is calculated Margin Financial Operating asRes
Slide 11: Operating Expense Detail
Operating US$ Fiscal 509 205 114 70 Personnel Processing YOY Note: Change 11 Fiscal 72 128 499 194 in(2%) Figures 2015 2016 millions, 120 First Marketing Expenses Fees (5%) 120 may Quarter Amortization except 12% 126 not –Network 156 2% Q1 recalculate 2016 percentages 2016 (1%) Financial Administrat
Slide 12: Other Financial Results: Cash, Free Cash Flow, Capital
Other Cash, Free Capital Issued 12 Fiscal cash cash Financial $16.0 expenditures First flow equivalents billion Quarter ofResults $1.9 of ofbillion fixed-rate 2016 and $126available-for-sale Financial million for senior the fiscal during Results notes first the investment quarter fiscal firstsecurit
Slide 13: Financial Metrics: Fiscal Year 2016 Outlook
Financial Constant Negative Client gross Adjusted A share Annual Note: transaction. 13 common Fiscal growth revenues fourth incentives net operating adjusted free dollar 3effective First Metrics ppts revenue stock to cash The Negative the Quarter 17.5%—18.5% revenue foreign diluted quarters as flow
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation US$ During indicative not effective reconciles GAAP, Three Effective Net Revaluation As Diluted (1) unrounded A-1 reported adjusted Figures subject Income Fiscal inMonths millions, the to weighted-average income Income our of our First numbers. first to in Rate(1) $of our income 1,941
Slide 16: Free Cash Flow Calculation
Calculation US$ Additions Reductions Net Capital Litigation (6) + Share-based Pension Taxes — Visa 619 Changes Total (1) (2) (3) A-2 Settlement Capital Settlement Pension Income The Reported Includes income Fiscal Europe in Free +millions Assets majority Income +in+ (+) Pension Cash expenditures Fir