Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended December 31, 2018, as well as the prior four quarterly reporting periods and the 12 months ended December 31, 2018 and 2017, for cards and other form factors carrying the Visa, Visa Electron, V PAY and Interlink brands. Sections 1-3 below reflect the acquisition of Visa Europe, with Europe included in Visa Inc. results effective the 3 months ended September 30, 2016.

1. Branded Volume and Transactions

The tables present regional total volume, payments volume, and cash volume, and the number of payments transactions, cash transactions, accounts and cards for cards and other form factors carrying the Visa, Visa Electron, V PAY and Interlink brands and excludes Europe co-badged volume and transactions for all periods. Card counts include PLUS proprietary cards. Nominal and constant dollar growth rates over prior years are provided for volume-based data. During the three months ended December 31, 2018, Visa updated the definition of payments volume to now include all disbursement volume related to Visa Direct, in addition to the funding volume previously included. All prior periods presented have been adjusted accordingly (see section 2 for the impact from the new Payments Volume Definition).

For the 3 Months Ended December 31, 2018

Total Volume ($ billions)Growth (Nominal USD)Growth (Constant USD)Payments Volume ($ billions)

GrowthGrowthPaymentsCashGrowthGrowthCash

(Nominal (Constant Transactions Volume

(Nominal (Constant TransactionsUSD)USD)

(millions)

($ billions)USD)USD)

(millions)All Visa Credit & Debit Asia Pacific

$619

3.2%

7.1%

$496

5.6%

9.7%

7,476

$123

(5.8%)

(2.4%) 1,058

Canada CEMEA LAC US Europe Visa Inc.

76

4.4%

8.3%

70

4.5%

8.4%

997

6

3.8%

7.7% 11

283

1.8%

8.4%

109

13.7%

21.5%

4,470

174

(4.4%)

1.6% 1,250

251

(7.1%)

9.2%

108

(3.6%)

16.5%

3,531

143

(9.5%)

4.2% 1,276

1,121

9.6%

9.6%

980

10.6%

10.6%

17,899

142

3.1%

3.1% 924

575

1.2%

7.4%

434

3.1%

8.6%

10,008

142

(4.4%)

3.9% 1,064

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

2,926 $533 753 1,286 $589 1,051 1,639

4.0% 8.4% 2.5% 4.9%

8.4% 8.4% 9.0% 8.7%

10.6% (0.4%) 3.3%

10.6% 6.8% 8.2%

2,196 $519 703 1,221 $461 514 975

7.1% 8.5% 3.1% 5.4%

10.7%

44,380

8.5% 9.7% 9.2%

13.0% 6.3% 9.3%

13.0% 12.3% 12.6%

6,330 10,496 16,826 11,569 15,985 27,553

729 $14 51 65

(4.3%)

2.2% 5,582

4.6% (5.1%) (3.1%)

4.6% 16

0.5% 220

1.4% 236

$127 537 664

2.9% (6.0%) (4.4%)

2.9% 908

2.1% 4,438

2.2% 5,346

AccountsCards

(millions) (millions)

3 5

--

3 3

2 2

6 6

19 22

32 38

--

  • 970 1,120

  • 970 1,120

--

  • 2,037 2,244

  • 2,037 2,244

For the 3 Months Ended September 30, 2018

Total

Growth

Growth

Payments

Growth

Growth

Payments

Cash

Growth

Growth

Cash

Volume

(Nominal

(Constant

Volume

(Nominal

(Constant

Transactions

Volume

(Nominal

(Constant

Transactions

Accounts

Cards

($ billions)

USD)

USD)

($ billions)

USD)

USD)

(millions)

($ billions)

USD)

USD)

(millions)

(millions)

(millions)

All Visa Credit & Debit

Asia Pacific

$599

5.1%

8.0%

$476

7.5%

10.2%

7,052

$123

(3.3%)

0.3%

1,041

921

1,019

Canada

71

3.4%

8.5%

66

3.5%

8.6%

939

6

1.7%

6.7%

11

60

66

CEMEA

272

1.4%

7.5%

102

12.7%

20.0%

4,177

171

(4.3%)

1.2%

1,227

360

345

LAC

231

(9.1%)

8.2%

97

(5.1%)

16.1%

3,293

134

(11.8%)

3.1%

1,198

435

472

US

1,089

11.0%

11.0%

945

12.5%

12.5%

17,512

145

2.1%

2.1%

957

736

897

Europe

572

2.3%

7.6%

427

4.9%

9.1%

9,496

145

(4.5%)

3.4%

1,089

499

548

Visa Inc.

2,835

4.9%

9.0%

2,112

8.5%

11.6%

42,469

723

(4.4%)

2.0%

5,523

3,013

3,347

Visa Credit Programs

US

$513

10.8%

10.8%

$498

11.1%

11.1%

6,147

$14

0.6%

0.6%

16

269

336

International

727

3.4%

9.2%

676

4.1%

9.9%

9,995

51

(4.2%)

0.4%

220

699

771

Visa Inc.

1,240

6.4%

9.8%

1,174

6.9%

10.4%

16,142

66

(3.2%)

0.4%

236

967

1,107

Visa Debit Programs

US

$577

11.2%

11.2%

$446

14.1%

14.1%

11,365

$130

2.3%

2.3%

941

468

561

International

1,018

0.1%

6.9%

491

7.7%

12.5%

14,962

527

(6.1%)

2.2%

4,345

1,578

1,679

Visa Inc.

1,595

3.8%

8.4%

938

10.6%

13.2%

26,326

657

(4.5%)

2.2%

5,287

2,046

2,240

1

For the 3 Months Ended June 30, 2018

All Visa Credit & Debit Asia Pacific

All Visa Credit & Debit Asia Pacific

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

All Visa Credit & Debit Asia Pacific

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

Total Volume ($ billions)

$613

73

277

240

1,082

583

2,868 $507 745 1,251 $575 1,041 1,617

Total Volume ($ billions)

$607

Total Volume ($ billions)

1,024

2,813 $492 735 1,226 $532 1,055 1,587

1,001

2,755 $460 724 1,184 $541 1,030 1,571

$600

278

271

569

254

266

562

72

66

Growth (Nominal USD)Growth (Nominal USD)Growth (Nominal USD)

(3.4%)

11.3%

10.7% 10.7% 12.5% 11.8%

15.3%

13.0% 10.0% 15.9% 13.6%

15.4%

7.5% 11.1% 9.8%

15.7%

10.7%

9.9% 14.1% 12.6%

20.8%

13.4%

10.0%

12.9%

10.0% 12.7% 11.6% 10.0% 6.8% 7.9%

13.6%

13.3%

9.0%

8.0%

9.9%

9.7%

5.7%

4.0%

9.5%

Growth (Constant USD)Growth (Constant USD)Growth (Constant USD)

10.0% 9.7% 9.8% 9.9% 7.3% 8.2%

10.7% 8.6% 9.4% 7.5% 5.9% 6.5%

10.0% 938

10.0% $493 10.5% 693 10.3% 1,186

10.0% $445 6.7% 495 7.8% 940

9.0%

7.9%

5.4%

7.8%

7.4%

9.9%

9.9%

6.6%

8.6%

8.1%

8.3%

7.8%

8.9%

9.1%

8.3% 101

7.5% 101

8.9% 2,126

7.3% 433

9.2% 67

9.3% $485

Payments Volume ($ billions)Payments Volume ($ billions)Payments Volume ($ billions)

2,051 $478 681 1,159 $408 484 892

2,019 $446 673 1,118 $417 484 900

$470

$473

886

112

420

862

106

421

96

67

96

60

For the 3 Months Ended December 31, 2017

For the 3 Months Ended March 31, 2018

Growth (Nominal USD)

Growth

Growth

Payments

Cash

Growth

Growth

Cash

(Nominal

(Constant

Transactions

Volume

(Nominal

(Constant

Transactions

Accounts

Cards

USD)

USD)

(millions)

($ billions)

USD)

USD)

(millions)

(millions)

(millions)

17.0%

12.3%

6,700

$128

1.1%

(0.7%)

1,006

902

1,004

13.8%

9.4%

922

6

11.2%

6.9%

11

59

65

17.4%

21.5%

4,021

176

(2.4%)

0.9%

1,238

351

339

1.6%

16.3%

3,197

138

(6.7%)

3.1%

1,180

430

466

11.3%

11.3%

17,274

144

2.0%

2.0%

993

707

855

15.1%

8.7%

9,093

150

7.1%

3.5%

1,096

498

547

13.2%

11.6%

41,207

742

0.1%

1.8%

5,525

2,947

3,276

10.5%

10.5%

5,990

$14

(4.5%)

(4.5%)

15

265

333

13.5%

11.3%

9,703

52

2.3%

0.1%

219

689

764

12.2%

11.0%

15,693

66

0.8%

(0.9%)

234

954

1,097

12.3%

12.3%

11,284

$131

2.8%

2.8%

978

442

522

16.3%

12.5%

14,230

546

(0.6%)

1.9%

4,312

1,551

1,657

14.4%

12.4%

25,514

677

0.0%

2.1%

5,291

1,993

2,178

Cash

Growth

Growth

Cash

Volume

(Nominal

(Constant

Transactions

Accounts

Cards

($ billions)

USD)

USD)

(millions)

(millions)

(millions)

$133

8.2%

0.9%

988

887

988

6

16.7%

12.3%

11

58

64

170

4.1%

2.1%

1,185

346

336

148

2.6%

3.7%

1,172

428

461

139

4.6%

4.6%

973

705

875

141

15.1%

3.2%

990

495

543

737

6.6%

2.9%

5,320

2,919

3,267

$15

0.9%

0.9%

15

265

335

51

8.1%

0.8%

206

681

754

66

6.4%

0.9%

221

946

1,090

$125

5.0%

5.0%

958

440

539

546

7.0%

2.7%

4,141

1,533

1,638

671

6.7%

3.2%

5,099

1,974

2,177

Growth

Growth

Cash

(Nominal

(Constant

Transactions

Accounts

Cards

USD)

USD)

(millions)

(millions)

(millions)

4.8%

1.5%

1,001

874

971

12.5%

7.1%

11

57

64

4.7%

1.9%

1,271

342

332

4.3%

1.9%

1,202

427

462

2.7%

2.7%

957

701

882

9.4%

2.4%

1,058

485

539

5.2%

2.1%

5,500

2,887

3,250

(5.9%)

(5.9%)

16

267

340

7.3%

1.8%

223

670

744

4.3%

0.1%

239

937

1,084

3.7%

3.7%

941

434

542

5.6%

2.0%

4,320

1,515

1,624

5.3%

2.3%

5,261

1,950

2,166

(Constant Transactions

18.0%

10.9% 6,228

13.1%

8.9% 819

24.8%

21.4% 3,649

10.5%

14.9% 3,078

10.9%

10.9% 15,938

22.9%

9.5% 8,319

15.5% 10.3% 16.6% 14.0% 11.5% 23.2% 17.5%

11.2% 38,048

10.3% 5,418

10.4% 8,999

10.4% 14,417

11.5% 10,520

12.9% 13,110

12.2% 23,630

GrowthPaymentsUSD)

(millions)Growth (Nominal USD)GrowthPaymentsCash

(Constant Transactions VolumeUSD)

11.2%

8.1%

15.6%

10.1%

26.7%

21.5%

13.8%

11.1%

10.0%

10.0%

16,518 137

(millions)

($ billions)

6,360 $131

884 5

3,647 182

3,150 159

17.6%

9.3%

8,746 148

12.9% 11.2% 12.9% 12.2%

10.0% 11.2% 9.2% 10.0%

39,320 762

5,924 $13

9,345 54

15,269 67

8.7% 18.3% 13.7%

8.7% 10.9% 9.9%

10,593 $124

13,457 571

24,051 695

For the 12 Months Ended December 31, 2018

Total Volume ($ billions)Growth (Nominal USD)Growth (Constant USD)Payments Volume ($ billions)Growth (Nominal USD)GrowthPaymentsCashGrowthGrowthCash

(Constant Transactions Volume

(Nominal (Constant TransactionsUSD)

(millions)

($ billions)USD)USD)

(millions)All Visa Credit & Debit Asia Pacific

$2,437

9.0%

8.2%

$1,930

11.7%

10.8%

27,455

$507

(0.1%)

(0.5%) 4,092

Canada CEMEA LAC US Europe Visa Inc.

286

8.3%

8.8%

263

8.4%

8.8%

3,677

23

8.1%

8.4% 45

1,098

4.3%

7.9%

408

16.8%

21.1%

16,316

690

(1.9%)

1.4% 4,900

976

(3.6%)

8.5%

412

0.6%

16.0%

13,099

563

(6.5%)

3.6% 4,826

4,294

10.1%

10.1%

3,725

11.3%

11.3%

68,623

569

2.9%

2.9% 3,847

2,292

8.7%

7.5%

1,714

10.9%

9.0%

36,933

578

2.7%

3.5% 4,239

Visa Credit Programs

US

International Visa Inc.

11,383 $2,012 2,949 4,962

7.7% 9.8% 8.3% 8.9%

8.8% 9.8% 9.6% 9.7%

8,452

$1,956 2,744 4,699

10.9% 10.1% 9.0% 9.4%

Visa Debit Programs US

International Visa Inc.

$2,282 4,140 6,422

10.4% 4.8% 6.7%

10.4% 6.9% 8.1%

$1,769 1,984 3,753

12.7% 12.8% 12.8%

11.3% 10.1% 10.3% 10.2% 12.7% 12.5% 12.6%

166,102

2,931

(0.7%)

2.2% 21,949

23,885 39,193 63,078 44,738 58,286 103,024

$56 206 262

$513 2,156 2,669

0.4% 0.0% 0.1% 3.2%

0.4% 62

0.5% 866

0.4% 928

3.2% 3,785

(1.6%) (0.7%)

2.2% 17,236

2.4% 21,022

AccountsCards

(millions) (millions)

3 5

--

3 3

2 2

6 6

  • 1,511 1,660

  • 1,525 1,676

--

  • 970 1,120

  • 970 1,120

--

  • 2,037 2,244

  • 2,037 2,244

For the 12 Months Ended December 31, 2017

Total

Growth

Growth

Payments

Growth

Growth

Payments

Cash

Growth

Growth

Cash

Volume

(Nominal

(Constant

Volume

(Nominal

(Constant

Transactions

Volume

(Nominal

(Constant

Transactions

Accounts

Cards

($ billions)

USD)

USD)

($ billions)

USD)

USD)

(millions)

($ billions)

USD)

USD)

(millions)

(millions)

(millions)

All Visa Credit & Debit

Asia Pacific

$2,235

4.8%

4.6%

$1,728

7.8%

7.9%

23,989

$507

(4.5%)

(5.4%)

3,802

874

971

Canada

264

10.9%

8.3%

243

11.2%

8.6%

3,264

21

7.4%

5.0%

43

57

64

CEMEA

1,053

13.0%

8.1%

349

28.6%

21.1%

13,370

704

6.6%

2.7%

5,031

342

332

LAC

1,013

10.8%

7.3%

410

15.6%

11.4%

12,087

603

7.8%

4.8%

4,652

427

462

US

3,900

9.8%

9.8%

3,347

10.9%

10.9%

63,213

553

4.0%

4.0%

3,898

701

882

Europe (1)

2,109

1,546

32,299

563

4,251

485

539

Visa Inc.

10,573

20.5%

20.0%

7,622

23.2%

23.1%

148,222

2,951

14.2%

12.7%

21,677

2,887

3,250

Visa Credit Programs

US

$1,833

14.0%

14.0%

$1,777

14.7%

14.7%

22,047

$56

(4.1%)

(4.1%)

64

267

340

International

2,723

18.2%

17.8%

2,517

18.1%

17.7%

35,621

206

20.4%

18.2%

908

670

744

Visa Inc.

4,556

16.5%

16.2%

4,294

16.7%

16.5%

57,668

262

14.2%

12.5%

973

937

1,084

Visa Debit Programs

US

$2,067

6.4%

6.4%

$1,570

6.8%

6.8%

41,165

$497

5.0%

5.0%

3,834

434

542

International

3,950

35.4%

34.4%

1,758

69.6%

69.1%

49,389

2,192

16.5%

14.7%

16,870

1,515

1,624

Visa Inc.

6,017

23.8%

23.1%

3,328

32.8%

32.7%

90,554

2,689

14.2%

12.7%

20,704

1,950

2,166

(1)Europe payments volume growth, when including Europe in prior periods before the Visa Inc. acquisition, is 10% Constant USD and 7% Nominal USD

2. Impact from new Payments Volume Definition - Higher/(Lower) vs. Previous Definition

The tables below reflect the H/(L) difference from the update to the payments volume definition.

All Visa Credit & Debit Asia Pacific

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

All Visa Credit & Debit Asia Pacific

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

For the 3 Months Ended December 31, 2018

For the 3 Months Ended September 30, 2018

For the 3 Months Ended June 30, 2018

Payments

Growth

Growth

Volume

(Nominal

(Constant

($ billions)

USD)

USD)

$2

0.1%

0.1%

5

0

0.0%

0.0%

0

11

3.2%

3.8%

106

0

0.0%

0.0%

0

13

0.8%

0.8%

114

4

0.1%

0.0%

19

30

0.5%

0.6%

245

$0

0.0%

0.0%

0

3

0.1%

0.1%

17

3

0.0%

0.0%

17

$13

1.7%

1.7%

114

14

0.7%

0.8%

113

27

1.2%

1.3%

227

Payments

Payments

Growth

Growth

Transactions

Volume

(Nominal

(Constant

(millions)

($ billions)

USD)

USD)

$1

0.0%

0.0%

5

0

0.0%

0.0%

0

9

3.0%

3.6%

84

0

0.0%

0.0%

0

12

0.9%

0.9%

93

4

0.1%

0.0%

18

26

0.5%

0.6%

200

$0

0.0%

0.0%

0

3

0.1%

0.1%

15

3

0.0%

0.0%

15

$12

1.9%

1.9%

93

12

0.6%

0.7%

92

23

1.2%

1.3%

185

Payments

Payments

Growth

Growth

Transactions

Volume

(Nominal

(Constant

(millions)

($ billions)

USD)

USD)

$1

0.0%

0.0%

4

0

0.0%

0.0%

0

8

2.4%

2.9%

75

0

0.0%

0.0%

0

10

0.8%

0.8%

75

5

(0.1%)

(0.1%)

18

24

0.5%

0.5%

171

$0

0.0%

0.0%

0

3

(0.0%)

(0.0%)

14

3

(0.0%)

(0.0%)

14

$10

1.7%

1.7%

75

11

0.5%

0.6%

82

21

1.1%

1.1%

157

Payments Transactions (millions)

For the 3 Months Ended March 31, 2018

Payments Volume ($ billions)Growth (Nominal USD)Growth (Constant USD)

International Visa Inc.

For the 12 Months Ended December 31, 2018

For the 3 Months Ended December 31, 2017

Payments

Payments

Growth

Growth

Transactions

Volume

(Nominal

(Constant

(millions)

($ billions)

USD)

USD)

$1

0.0%

0.0%

3

0

0.0%

0.0%

0

7

2.9%

2.5%

58

0

0.0%

0.0%

0

6

0.5%

0.5%

45

4

(0.1%)

(0.1%)

16

18

0.4%

0.3%

122

$0

0.0%

0.0%

0

3

0.0%

0.0%

13

3

0.0%

0.0%

13

$6

1.1%

1.1%

45

10

0.5%

0.4%

64

15

0.8%

0.8%

109

For the 12 Months Ended December 31, 2017

$1

0.0%

0.0% 4

0

0.0%

0.0% 0

7

3.2%

3.1% 63

0

0.0%

0.0% 0

8

0.8%

0.8% 59

4

(0.1%)

(0.1%) 17

21 $0 3 3

0.5% 0.0% 0.0% 0.0% 1.6% 0.6% 1.1%

0.5% 143

0.0% 0

0.0% 13

0.0% 13

$8 10 18

1.6% 59

0.5% 71

1.0% 129

Payments Transactions (millions)

All Visa Credit & Debit Asia Pacific

Canada CEMEA LAC US Europe Visa Inc.

Visa Credit Programs

US

International Visa Inc.

Visa Debit Programs US

International Visa Inc.

Payments

Growth

Growth

Payments

Payments

Growth

Growth

Payments

Volume

(Nominal

(Constant

Transactions

Volume

(Nominal

(Constant

Transactions

($ billions)

USD)

USD)

(millions)

($ billions)

USD)

USD)

(millions)

$6

0.0%

0.0%

18

$5

0.0%

0.0%

12

0

0.0%

0.0%

0

0

(0.0%)

(0.0%)

0

35

2.9%

3.3%

328

22

3.0%

2.5%

184

0

0.0%

0.0%

1

0

0.0%

0.0%

0

42

0.8%

0.8%

341

14

0.3%

0.3%

112

18

0.0%

(0.0%)

71

16

0.0%

0.0%

64

101

0.5%

0.5%

759

56

0.4%

0.4%

373

$0

0.0%

0.0%

0

$0

(0.0%)

(0.0%)

0

12

0.0%

0.0%

60

10

0.1%

0.1%

48

12

0.0%

0.0%

60

10

0.0%

0.0%

48

$42

1.7%

1.7%

341

$14

0.7%

0.7%

112

47

0.6%

0.7%

358

33

0.7%

0.6%

214

89

1.1%

1.2%

699

46

0.9%

0.8%

325

3. Cross-Border Volume

The table below represents cross-border volume growth for cards and other form factors carrying the Visa, Visa Electron, V PAY, Interlink and PLUS brands. Cross-border volume refers to payments and cash volume where the issuing country is different from the merchant country.

Period

Growth (Nominal USD)

Growth (Constant

USD)

3 Months Ended

Dec 31, 2018

3% 7%

Sep 30, 2018

8% 10%

Jun 30, 2018

15% 10%

Mar 31, 2018

21% 11%

Dec 31, 2017

14% 9%

12 Months Ended

Dec 31, 2018

11% 9%

4. Visa Processed Transactions

The table below represents transactions using cards and other form factors carrying the Visa, Visa Electron, V PAY, Interlink and PLUS brands processed on Visa's networks.

Processed Transactions

Period

(millions)

Growth

3 Months Ended

Dec 31, 2018

33,931

11%

Sep 30, 2018

32,763

12%

Jun 30, 2018

31,728

12%

Mar 31, 2018

29,321

12%

Dec 31, 2017

30,508

12%

12 Months Ended

Dec 31, 2018

127,744

12%

Attachments

  • Original document
  • Permalink

Disclaimer

Visa Inc. published this content on 30 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2019 21:13:12 UTC