Slide 1: Visa Inc. Fiscal Second Quarter Financial Results
Visa Inc. Fiscal Second Quarter Financial Results May 2, 2012 Exhibit 99.2
Slide 2: Forward-Looking Statements
Second Quarter Fiscal 2012 Financial Results 2 Forward-Looking Statements This presentation contains forward–looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by the terms “expect,” “will,” “continue” and similar re
Slide 3: Solid Fiscal Second Quarter Results
Second Quarter Fiscal 2012 Financial Results 3 Solid Fiscal Second Quarter Results • Strong operating revenues of $2.6 billion, up 15% over prior year • Adjusted quarterly net income of $1.1 billion, up 23%, and adjusted diluted earnings per share of $1.60, up 30% over prior year • Continued positiv
Slide 4: Payments Volume
Second Quarter Fiscal 2012 Financial Results 4 Payments Volume US$ in billions, nominal, except percentages YOY Change (nominal) 12% 9% 11% YOY Change (constant) 11% 12% 9% Note: Figures may not sum due to rounding. Growth rates calculated based on whole numbers, not rounded numbers. From time to ti
Slide 5: Payments Volume
Second Quarter Fiscal 2012 Financial Results 5 Payments Volume US$ in billions, nominal, except percentages YOY Change (nominal) 14% 7% 11% YOY Change (constant) 11% 14% 7% Note: Current quarter payments volume and other select metrics are provided in the operational performance data supplement to p
Slide 6: Payments Volume
Second Quarter Fiscal 2012 Financial Results 6 Payments Volume US$ in billions, nominal, except percentages YOY Change (nominal) 15% 5% 7% 15% 29% YOY Change (constant) 7% 12% 6% 21% 37% Note: Growth rates calculated based on whole numbers, not rounded numbers. From time to time, previously submitte
Slide 7: Payments Volume
Second Quarter Fiscal 2012 Financial Results 7 Payments Volume US$ in billions, nominal, except percentages Note: Current quarter payments volume and other select metrics are provided in the operational performance data supplement to provide more recent operating data. Service revenues continue to b
Slide 8: Transactions
Second Quarter Fiscal 2012 Financial Results 8 Transactions in millions, except percentages Quarter ended December Quarter ended March Note: Processed transactions represent transactions involving Visa, Visa Electron, Interlink and Plus cards processed on Visa’s networks. Total transactions represen
Slide 9: Total Cards
Second Quarter Fiscal 2012 Financial Results 9 Total Cards in millions, except percentages YOY Change 9% 6% 1% Note: From time to time, previously submitted card information may be updated. Prior period updates are not material. Quarter ended December
Slide 10: Revenue – Q2 2012
Second Quarter Fiscal 2012 Financial Results 10 Revenue – Q2 2012 US$ in millions, except percentages YOY Change 10% 15% 14% Note: Growth rates and percentage of gross revenues calculated based on whole numbers, not rounded numbers. FY12 % of Gross Revenues 16% 84%
Slide 11: Revenue Detail – Q2 2012
Second Quarter Fiscal 2012 Financial Results 11 Revenue Detail – Q2 2012 US$ in millions, except percentages Note: Growth rates calculated based on whole numbers, not rounded numbers. YOY Change 12% 17% 13% 14%
Slide 12: Operating Margin – Q2 2012
Second Quarter Fiscal 2012 Financial Results 12 Operating Margin – Q2 2012 US$ in millions, except percentages Note: Growth rates calculated based on whole numbers, not rounded numbers. YOY Change 13% 16% 15% NM
Slide 13: Operating Expenses – Q2 2012
Second Quarter Fiscal 2012 Financial Results 13 Operating Expenses – Q2 2012 US$ in millions, except percentages Note: Growth rates calculated based on whole numbers, not rounded numbers. YOY Change 6% 16% 28% NM 12% (7%) 23%
Slide 14: Other Financial Results
Second Quarter Fiscal 2012 Financial Results 14 Other Financial Results • Cash, cash equivalents, restricted cash, and available-for-sale investment securities of $8.9 billion at the end of the fiscal second quarter, which includes $4.3 billion of restricted cash in the litigation escrow account • F
Slide 15: Financial Metrics for Fiscal Year 2012
Second Quarter Fiscal 2012 Financial Results 15 Financial Metrics for Fiscal Year 2012
Slide 16: Financial Metrics for Fiscal Year 2012
Second Quarter Fiscal 2012 Financial Results 16 Financial Metrics for Fiscal Year 2012 * Excludes the impact of one-time non-cash remeasurement of our existing net deferred tax liabilities, which would decrease the GAAP tax rate to 29% to 30%. These deferred tax liabilities are primarily associated
Slide 17: Appendix: Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures
Slide 18: VISA
VISA
Slide 19: Reconciliation of Non-GAAP Financial Results
Second Quarter Fiscal 2012 Financial Results A1 Six Months Ended March 31, 2012 Three Months Ended March 31, 2012 Reconciliation of Non-GAAP Financial Results US$ in millions, except per share data During the three months ended March 31, 2012, the state of California approved certain changes to its
Slide 20: VISA
VISA
Slide 21: VISA
VISA