Slide 1: Visa Inc. Fiscal Second Quarter Financial Results
Visa Inc. Fiscal Second Quarter Financial Results May 5, 2011 Exhibit 99.2
Slide 2: Forward-Looking Information
Fiscal Second Quarter 2011 Financial Results 2 Forward-Looking Information 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 r
Slide 3: Solid Fiscal Second Quarter Results
Fiscal Second Quarter 2011 Financial Results 3 Solid Fiscal Second Quarter Results • Strong operating revenues of $2.2 billion, up 15% over prior year • Quarterly net income of $881 million, up 23% and diluted earnings per share of $1.23, up 28% over prior year • Continued positive secular trends an
Slide 4: Payments Volume – Quarter ended December
Fiscal Second Quarter 2011 Financial Results 4 ROW 53 ROW 331 ROW 334 U.S. 438 U.S. 493 ROW 405 U.S. 201 278 ROW U.S. 238 U.S. 277 ROW 71 U.S. 216 Quarter ended December US$ in billions, nominal, except percentages Payments Volume Note: Figures may not sum due to rounding. Growth rates calculated ba
Slide 5: Payments Volume – Quarter ended March
Fiscal Second Quarter 2011 Financial Results 5 ROW 51 ROW 318 ROW 317 U.S. 427 U.S. 477 ROW 385 U.S. 182 266 ROW U.S. 199 U.S. 245 U.S. 277 ROW 68 Total Visa Inc. Credit Debit Quarter ended March US$ in billions, nominal, except percentages Payments Volume Note: Current quarter payments volume and o
Slide 6: Payments Volume by Region – Quarter ended December
Fiscal Second Quarter 2011 Financial Results 6 Quarter ended December US$ in billions, nominal, except percentages Payments Volume Note: Growth rates calculated based on whole numbers, not rounded numbers. From time to time, previously submitted volume information may be updated. Prior year volume i
Slide 7: Payments Volume by Region – Quarter ended March
Fiscal Second Quarter 2011 Financial Results 7 United States Asia Pacific Latin America and Caribbean Canada Central and Eastern Europe, Middle East and Africa Quarter ended March US$ in billions, nominal, except percentages Payments Volume YOY Change (nominal) 12% 18% 33% 12% 34% YOY Change (consta
Slide 8: Transactions
Fiscal Second Quarter 2011 Financial Results 8 Debit 64% Credit 36% Credit 37% Debit 63% Credit 36% Debit 64% Credit 35% Debit 65% 10,648 16,619 10,924 16,118 12,040 18,845 12,580 17,997 Total Transactions Processed Transactions Total Transactions Processed Transactions Quarter ended December in mil
Slide 9: Total Cards
Fiscal Second Quarter 2011 Financial Results 9 Quarter ended December in millions, except percentages Total Cards YOY Change (2%) 10% 5% Note: From time to time, previously submitted cards information may be updated. Prior year cards information presented has not been updated, as changes made are no
Slide 10: Revenue – Q2 2011
Fiscal Second Quarter 2011 Financial Results 10 2,331 (372) 1,959 2,696 (451) 2,245 Revenue – Q2 2011 US$ in millions, except percentages Gross Revenues Incentives Net Operating Revenues YOY Change 16% 21% 15% Note: Growth rates calculated based on whole numbers, not rounded numbers. Fiscal 2010 Fis
Slide 11: Revenue Detail – Q2 2011
Fiscal Second Quarter 2011 Financial Results 11 Revenue Detail – Q2 2011 US$ in millions, except percentages Service Revenues Data Processing Revenues International Transaction Revenues Other Revenues YOY Change 24% 13% 14% (10%) Note: Growth rates calculated based on whole numbers, not rounded numb
Slide 12: Operating Margin – Q2 2011
Fiscal Second Quarter 2011 Financial Results 12 Operating Margin – Q2 2011 US$ in millions, except percentages 1,959 1,122 2,245 1,383 Net Operating Revenues Total Operating Expenses Operating Income 57% 62% Operating Margin YOY Change 5 ppt 15% 3% 23% Note: Growth rates calculated based on whole nu
Slide 13: Operating Expenses – Q2 2011
Fiscal Second Quarter 2011 Financial Results 13 Operating Expenses – Q2 2011 US$ in millions, except percentages Personnel Network and Processing Marketing Professional Fees Depreciation and Amortization General and Administrative Litigation Provision YOY Change 14% (18%) (23%) 54% 12% 23% NM Note:
Slide 14: Other Financial Results
Fiscal Second Quarter 2011 Financial Results 14 Other Financial Results • Cash, cash equivalents, restricted cash and available-for-sale investment securities of $6.6 billion at the end of the fiscal second quarter which includes $3.0 billion of restricted cash in the litigation escrow account • Tot
Slide 15: Financial Metrics for Fiscal Year 2011
Fiscal Second Quarter 2011 Financial Results 15 Less than $900 million Marketing expenses Financial Metrics for Fiscal Year 2011 Annual operating margin About 60% 16% to 16.5% range* Client incentives as % of gross revenues Annual net revenue growth 11% to 15% range * Note - This range may change ba
Slide 16: Financial Metrics for Fiscal Year 2011
Fiscal Second Quarter 2011 Financial Results 16 Financial Metrics for Fiscal Year 2011 Capital expenditures $250-$275 million Annual diluted class A common stock earnings per share growth 20% + GAAP tax rate 36.5% to 37% range Annual free cash flow $3 billion +
Slide 17: Appendix: Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures
Slide 18: Visa
VISA
Slide 19: Visa
VISA