Slide 1: Fiscal Second Quarter 2016 Financial Results
Exhibit 99.2 Visa Inc. Fiscal April 21, Second 2016Quarter 2016 Financial Results
Slide 2: Forward-Looking Statements
Forward-Looking This “estimates,” operating By assumptions the including payments fees, in consumer our processing systems business with effectively filings 2You Fiscal the their following: estimates; should presentation and antitrust Eurozone, with Second interoperability nature, or satisfy margin,
Slide 3: Solid Fiscal Second Quarter Results
Solid Net GAAP Adjusted Repurchased 3Note: Fiscal operating Fiscal See quarterly Second quarterly appendix Second 24.2 revenues Quarter net million net for Quarter income income reconciliation of2016 shares $3.6 of Results Financial of $1.7 billion, of $1.6 class billion of billion upResults adjuste
Slide 4: Payments Volume, Prior Quarter (Dec 2015)
Payments US$ Quarter 2015 2014 651 U.S. 327 593 467 INTL Total YOY (nominal) Note: (constant) 4rounding. Fiscal 714 358 591 470 in U.S. 1,244 Visa Change On =billions, INTL 126ended International Second 795 450 INTL occasion, Percentage Volume INTL Inc. 1,305 U.S. 828 477 5% 12% December INTL Credit
Slide 5: Payments Volume, Current Quarter
Payments US$ Quarter Note: recognized material. the 2016 1,254 2015 U.S. 628 575 303 277 540 428 420 INTL Total (nominal) 5YOY (constant) Fiscal U.S. 631 U.S. 313 560 447 457 in U.S. 1,168 Visa Change Current INTL 109 billions, ended Second dollar U.S. 298 INTL Figures 694U.S. U. Volume 7% INTL Inc.
Slide 6: Processed Transactions in Fiscal Second Quarter
inFiscal Transactions Quarter 2016 2015 37% 25,090 Credit 38% 63% Total 62% Debit YOY Note: client 6transactions [Graphic millions, 37% 38% 63% 28,154 Transactions Change Total submissions Debit Credit ended Second Appears transactions except represent 18,475 16,980 12% March Quarter Here] Processed
Slide 7: Total Visa Cards in Quarter
Total in Quarter 2014 855 1,594 1,543 2,398 2,490 Visa YOY Note: 7updated numbers. Fiscal millions, 896 Inc. 2015 Cards Change Theended Second toCredit data reflect except 4%December presented Debit Quarter revised 5% percentages 3%2016 is client based Financial submissions on results Results report
Slide 8: Net Operating Revenues
Revenue US$ 4,415 3,409 (676)(789) Incentives YOY Fiscal Change Gross 8Note: Fiscal in8% Figures 4,085 3,626 Revenues 2015 2016 millions, Second Q2 17% Revenues %2016 may of 6% Quarter Client except 18% not 82% recalculate Net percentages 2016 Operating Financial exactly Results due to rounding. Per
Slide 9: Net Revenue Detail
Revenue US$ Fiscal 204 964 1,045 1,340 1,473 1,577 1,699 Service Revenues YOY Note: 9Change Fiscal 198 in8% Figures 2015 2016 millions, Revenues Second Detail 10% Transaction may 8%(3%) Q2 Quarter except Data not 2016Revenues recalculate Processing percentages 2016 Financial exactly International Re
Slide 10: Operating Expenses and Operating Margin
Operating US$ Fiscal 67% 3,626 3,409 1,128 2,281 Net Revenues YOY Note: Change 10 Fiscal Operating in 67% 6% Operating 1,192 2015 2016 millions, Second 6% Expenses 2,434 Margin 7% Total margin except Quarter ppt Q2Income Operating 2016 percentages is2016 calculated Margin Operating Financial as oper
Slide 11: Operating Expenses Detail
Operating US$ Fiscal 190 483 528 126 109 377 Personnel Processing YOY Note: Change 111Fiscal 66 186 125 121 in9%(2%) Figures 2015 2016 millions, 164 141 Second Marketing Expenses Fees may 16%(15%)(3%) Amortization except Quarter not Q2 Network recalculate percentages 2016 2016Administrative & 16%(82
Slide 12: Other Financial Results: Cash and Free Cash Flow
Other Cash, billion Free Capital 12 Fiscal cash cash Financial atexpenditures the Second flow equivalents end ofResults of Quarter $830 the ofand million fiscal $124 2016 available-for-sale million second for Financial theduring quarter fiscal Results the second investment fiscal quarter second secu
Slide 13: Fiscal Year 2016 Financial Outlook
•Financial Client gross Adjusted A share Annual Note: about 13 growth. About common Fiscal growth revenues The $390 incentives net operating adjusted free 3 effective Second Outlook ppts financial revenue stock million, cash • of About • High-end diluted as flow earnings negative Quarter margin for
Slide 14: Appendix
Appendix
Slide 15: Non-GAAP Reconciliation
Reconciliation US$ The indicative financial comparable mitigate acquisition. expense, Š the impact Adjusted measures share, Three 2016: March Effective Net contracts Revaluation As Diluted Net Revaluation reported adjusted Put, Income unrealized Company’s inunrealized Months which 31, on millions, w
Slide 16: Free Cash Flow Calculation
Calculation US$ Management stock dividends paid reported Additions Reductions Net Capital Litigation 1+ Long-term Share-based Pension (6) -Taxes (688) Visa Other Changes Total (1) quarter (2) (3) (4) A-2 Capital Settlement Pension Income — Settlement The (9) (7) Funds Includes income Fiscal of Europ