Slide 1: Visa Inc. Fiscal Fourth Quarter 2015 Financial Results
Visa Inc. Fiscal Fourth Quarter 2015 Financial Results November 2, 2015 Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as "estimates," "expectation,“ “outlook,” "will," "continued" and other similar expressions. Exampl
Slide 3: Solid Fiscal Fourth Quarter Results
Note: See appendix for reconciliation of adjusted non-GAAP measures to the closest comparable GAAP measures. Solid Fiscal Fourth Quarter Results Solid operating revenues of $3.6 billion, up 11% over prior year Authorized new $5.0 billion share repurchase program Announced quarterly per share dividen
Slide 4: Quarter ended June Payments Volume
Quarter ended June Payments Volume US$ in billions, nominal, except percentages YOY Change (constant) 11% 13% 7% YOY Change (nominal) 7% 3% 5% Note: On occasion, previously submitted volume information may be updated to reflect revised client submissions or other adjustments. Prior period updates ar
Slide 5: Quarter ended September Payments Volume
Quarter ended September Payments Volume US$ in billions, nominal, except percentages YOY Change (constant) 12% 13% 10% YOY Change (nominal) 4% 4% 4% Note: Current quarter payments volume and other select metrics are provided in the operational performance data supplement in the press release to prov
Slide 6: Quarter ended September Transactions
Quarter ended September Transactions in millions, except percentages Note: Total transactions represent payments and cash transactions as reported by Visa clients on their operating certificates. On occasion, previously submitted transaction information may be updated to reflect revised client submi
Slide 7: Quarter ended June Total Cards
Quarter ended June Total Cards in millions, except percentages Note: The data presented is based on results reported quarterly by Visa clients on their operating certificates. Estimates may be utilized if data is unavailable. On occasion, previously submitted card information may be updated to refle
Slide 8: Revenue – Q4 2015
Revenue – Q4 2015 US$ in millions, except percentages Note: Figures may not recalculate exactly due to rounding. Percentages are calculated based on unrounded numbers. YOY Change 5% 11% 9% Fiscal 2015 % of Gross Revenues 18% 82%
Slide 9: Revenue Detail – Q4 2015
Revenue Detail – Q4 2015 US$ in millions, except percentages Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on unrounded numbers. YOY Change 6% 16% 9% 3%
Slide 10: Adjusted Operating Margin – Q4 2015
Adjusted Operating Margin – Q4 2015 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. Percentages are calculated based on unrounded numbers. See appendix for reconciliat
Slide 11: Adjusted Operating Expenses – Q4 2015
Adjusted Operating Expenses – Q4 2015 US$ in millions, except percentages Note: Figures may not recalculate exactly due to rounding. Percentage changes are calculated based on unrounded numbers. See appendix for reconciliation of adjusted non-GAAP measures to the closest comparable GAAP measures. YO
Slide 12: Other Financial Results
Other Financial Results Cash, cash equivalents and available-for-sale investment securities of $9.3 billion at the end of the fiscal fourth quarter Free cash flow of $1.6 billion for the fiscal fourth quarter Capital expenditures of $138 million during the fiscal fourth quarter
Slide 13: Financial Metrics for Fiscal Year 2016
Financial Metrics for Fiscal Year 2016 Note: The financial outlook for fiscal full-year 2016 does not include any impact from the Visa Europe transaction. Annual net revenue growth Client incentives as % of gross revenues Constant dollar revenue growth of high single-digit to low double-digit range
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of Non-GAAP Financial Results
Reconciliation of Non-GAAP Financial Results US$ in millions, except percentages and per share data A-1 VISA INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) For the Years Ended September 30, 2014 2013 2012 (in millions) Operating Activities Net income $5,438 $4,980 $2,142 Adjustments to recon
Slide 16: Calculation of Free Cash Flow
Calculation of Free Cash Flow US$ in millions A-2 (1) Includes changes in client incentives, trade receivable/payable, settlement receivable/payable and personnel incentives. Additions (+) / Reductions (-) to Net income Net income (as reported) 1,512 6,328 Capital Assets + Depreciation and amortizat