Visa : Operational Performance Data

Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended September 30, 2019, as well as the prior four quarterly reporting periods and the 12 months ended September 30, 2019 and 2018, for cards and other form factors carrying the Visa, Visa Electron, V PAY and Interlink brands.

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.

						For the 3 Months Ended September 30, 2019
		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	$608	1.5%	2.6%	$493		3.5%	5.4%	7,891		$115	(6.3%)	(7.7%)	983	3	4
Canada	76		6.6%	7.4%	70		6.7%	7.6%	1,058		6		5.1%	5.9%	11	63	62
CEMEA	305		10.3%	10.6%	132		24.9%	24.5%	5,386		173		1.3%	1.9%	1,233	3	3
LAC	241		4.4%	9.8%	108		11.8%	18.4%	3,829		133		(0.9%)	3.6%	1,213	2	2
US	1,170		7.4%	7.4%	1,022		8.2%	8.2%	18,809		148		2.1%	2.1%	953	6	6
Europe		578		1.9%	6.0%	441		4.4%	8.8%		10,842			137		(5.5%)	(2.1%)		999	19	22
Visa Inc.	2,978		5.1%	6.6%	2,267		7.4%	8.9%	47,815		711		(1.6%)	(0.2%)	5,392	96	101
Visa Credit Programs
US	$547		6.7%	6.7%	$533		6.8%	6.8%	6,609		$14		0.4%	0.4%	16	-		-
International		760		4.5%	6.7%	710		4.9%	7.1%		11,275			51		(1.3%)	0.9%		221	976	1,124
Visa Inc.	1,307		5.4%	6.7%	1,242		5.7%	7.0%	17,884		65		(1.0%)	0.8%	237	976	1,124
Visa Debit Programs
US	$623		8.1%	8.1%	$490		9.8%	9.8%	12,200		$133		2.2%	2.2%	937	-		-
International		1,048		3.0%	5.7%	535		9.0%	13.0%		17,731			513		(2.6%)	(1.0%)		4,218	2,057	2,244
Visa Inc.	1,671		4.8%	6.6%	1,024		9.4%	11.4%	29,931		646		(1.7%)	(0.3%)	5,155	2,057	2,244
								For the 3 Months Ended June 30, 2019
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)		(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$601		(1.9%)	3.1%	$484		(0.3%)	5.4%	7,502		$118		(7.8%)	(5.7%)	991	937	1,034
Canada	74		1.5%	5.5%	68		1.7%	5.6%	999		6		(0.2%)	3.6%	11	64	70
CEMEA	296		5.0%	8.4%	124		17.5%	21.3%	5,104		172		(2.5%)	0.7%	1,236	357		353
LAC	234		(2.5%)	7.6%	104		2.7%	16.1%	3,620		130		(6.3%)	1.6%	1,198	436		473
US	1,167		7.8%	7.8%	1,020		8.8%	8.8%	18,547		147		1.6%	1.6%	945	758	921
Europe		562		(2.8%)	5.1%	430		0.3%	7.8%		10,334			133		(11.5%)	(2.9%)		1,002		504			553
Visa Inc.	2,934		2.3%	6.3%	2,230		4.9%	8.7%	46,107		704		(5.1%)	(0.8%)	5,383	3,056		3,404
Visa Credit Programs
US	$542		7.0%	7.0%	$528		7.0%	7.0%	6,365		$14		5.3%	5.3%	15	270	334
International		741		(0.6%)	6.1%	691		(0.3%)	6.5%		10,738			49		(5.1%)	0.6%		223		709			795
Visa Inc.	1,283		2.5%	6.5%	1,219		2.8%	6.7%	17,103		64		(3.0%)	1.6%	238	979	1,129
Visa Debit Programs
US	$625		8.6%	8.6%	$493		10.7%	10.7%	12,182		$132		1.2%	1.2%	930	488	587
International		1,026		(1.3%)	4.7%	518		4.8%	11.6%		16,821			508		(6.9%)	(1.5%)		4,215		1,589			1,688
Visa Inc.	1,651		2.2%	6.1%	1,011		7.6%	11.2%	29,003		641		(5.3%)	(1.0%)	5,146	2,077		2,276

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							For the 3 Months Ended March 31, 2019
		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	$598	(1.4%)	3.6%	$477	0.7%	6.3%	6,942		$121	(9.1%)	(5.6%)	1,002	933		1,028
Canada	65		(1.1%)	3.4%	59	(0.7%)	3.8%	878		5	(5.5%)	(1.2%)	11	62	69
CEMEA	268		(0.6%)	7.6%	110	10.4%	21.0%	4,464		158	(7.2%)	(0.2%)	1,143	354		349
LAC	230		(9.4%)	5.9%	101	(4.7%)	14.1%	3,437		129	(12.8%)	0.2%	1,148	429		464
US	1,071		7.0%	7.0%	931	7.9%	7.9%	16,968		141	0.9%	0.9%	889	758	918
Europe		529		(5.1%)	4.4%	406	(2.6%)	6.3%		9,460			124	(12.5%)	(1.2%)	927	504		550
Visa Inc.		2,761		0.2%	5.6%	2,084	3.3%	8.0%		42,148			677	(8.1%)	(1.1%)	5,120	3,040		3,379
Visa Credit Programs
US	$488		6.1%	6.1%	$474	6.3%	6.3%	5,699		$15	0.6%	0.6%	14	271	336
International		715		(1.4%)	6.5%	668	(0.9%)	6.9%		9,893			47	(7.8%)	0.0%	203	703		787
Visa Inc.		1,203		1.5%	6.3%	1,141	2.0%	6.7%		15,592			62	(5.9%)	0.2%	217	974	1,123
Visa Debit Programs
US	$583		7.7%	7.7%	$457	9.7%	9.7%	11,269		$126	1.0%	1.0%	874	487	583
International		975		(5.2%)	3.6%	486	0.7%	9.6%		15,288			489	(10.5%)	(1.8%)	4,028	1,578		1,673
Visa Inc.		1,558		(0.8%)	5.1%	943	4.9%	9.6%		26,557			615	(8.3%)	(1.2%)	4,903	2,065		2,256
						For the 3 Months Ended December 31, 2018
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$616	2.7%	6.6%	$493	5.1%	9.1%	7,387		$123	(5.8%)	(2.4%)	1,058	921		1,021
Canada	76		5.1%	9.0%	70	5.2%	9.1%	995		6	3.9%	7.8%	11	63	69
CEMEA	287		2.2%	8.9%	114	14.6%	22.7%	4,504		174	(4.6%)	1.3%	1,268	347		341
LAC	252		(7.4%)	8.8%	108	(3.4%)	16.8%	3,545		144	(10.1%)	3.5%	1,276	426		464
US	1,121		9.5%	9.5%	979	10.5%	10.5%	17,889		142	3.1%	3.1%	925	754	914
Europe		570		1.0%	7.2%	429	3.0%	8.5%		9,988			141	(4.6%)	3.6%	1,061	503		549
Visa Inc.		2,923		3.9%	8.3%	2,194	7.0%	10.6%		44,308			729	(4.5%)	1.9%	5,599	3,014		3,357
Visa Credit Programs
US	$533		8.4%	8.4%	$519	8.5%	8.5%	6,329		$14	4.7%	4.7%	15	273	337
International		753		2.4%	8.8%	702	2.9%	9.4%		10,416			51	(5.1%)	0.5%	220	701		781
Visa Inc.		1,286		4.8%	8.6%	1,221	5.3%	9.1%		16,745			65	(3.1%)	1.4%	236	974	1,118
Visa Debit Programs
US	$588		10.5%	10.5%	$460	12.8%	12.8%	11,560		$127	2.9%	2.9%	910	481	577
International		1,049		(0.5%)	6.7%	513	6.3%	12.4%		16,003			536	(6.3%)	1.7%	4,454	1,558		1,662
Visa Inc.		1,637		3.2%	8.0%	973	9.3%	12.6%		27,563			664	(4.7%)	2.0%	5,363	2,039		2,239
						For the 3 Months Ended September 30, 2018
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ 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%	7,062		$123	(3.3%)	0.2%	1,041	920		1,018
Canada	71		3.4%	8.5%	66	3.5%	8.6%	939		6	1.7%	6.7%	11	60	66
CEMEA	276		1.7%	7.7%	106	13.3%	20.7%	4,210		171	(4.3%)	1.0%	1,227	353		345
LAC	231		(9.5%)	7.0%	97	(5.3%)	14.7%	3,284		134	(12.3%)	2.2%	1,198	436		472
US	1,089		11.0%	11.0%	945	12.5%	12.5%	17,501		145	2.1%	2.1%	956	738	897
Europe		568		2.3%	7.6%	422	4.8%	9.2%		9,478			145	(4.5%)	3.5%	1,089	500		548
Visa Inc.		2,834		4.9%	9.0%	2,112	8.6%	11.7%		42,475			723	(4.5%)	1.8%	5,522	3,007		3,346
Visa Credit Programs
US	$513		10.8%	10.8%	$499	11.2%	11.2%	6,148		$14	0.6%	0.6%	16	269	336
International		728		3.5%	9.1%	676	4.1%	9.8%		10,000			51	(4.2%)	0.2%	220	692		771
Visa Inc.		1,240		6.4%	9.8%	1,175	7.0%	10.4%		16,148			66	(3.2%)	0.3%	236	961	1,107
Visa Debit Programs
US	$577		11.1%	11.1%	$446	14.0%	14.0%	11,353		$130	2.2%	2.2%	941	470	562
International		1,017		0.0%	6.8%	490	7.8%	12.7%		14,974			527	(6.2%)	1.9%	4,346	1,577		1,678
Visa Inc.		1,594		3.8%	8.3%	937	10.6%	13.3%		26,327			657	(4.7%)	2.0%	5,286	2,046		2,239

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						For the 12 Months Ended September 30, 2019
		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	$2,423	0.2%	4.0%	$1,946		2.2%	6.5%	29,723		$477	(7.3%)	(5.4%)	4,035
Canada	291		3.1%	6.4%	269		3.3%	6.6%	3,930		23		0.8%	4.0%	45
CEMEA	1,156		4.2%	8.9%	480		17.0%	22.4%	19,458		676		(3.3%)	1.0%	4,880
LAC	956		(4.0%)	8.0%	422		1.3%	16.4%	14,430		535		(7.8%)	2.2%	4,834
US	4,529		7.9%	7.9%	3,953		8.9%	8.9%	72,213		576		1.9%	1.9%	3,711
Europe		2,240		(1.2%)	5.7%	1,705		1.3%	7.9%		40,624			535		(8.5%)	(0.6%)		3,988
Visa Inc.	11,596		2.9%	6.7%	8,775		5.7%	9.1%	180,378		2,821		(4.9%)	(0.0%)	21,493
Visa Credit Programs
US	$2,110		7.1%	7.1%	$2,053		7.2%	7.2%	25,002		$57		2.7%	2.7%	60
International		2,969		1.2%	7.0%	2,770		1.7%	7.5%		42,321			198		(4.8%)	0.5%		867
Visa Inc.	5,079		3.6%	7.0%	4,823		3.9%	7.4%	67,323		256		(3.2%)	1.0%	928
Visa Debit Programs
US	$2,419		8.7%	8.7%	$1,900		10.7%	10.7%	47,211		$519		1.8%	1.8%	3,651
International		4,098		(1.0%)	5.2%	2,052		5.2%	11.7%		65,843			2,047		(6.6%)	(0.6%)		16,915
Visa Inc.	6,517		2.4%	6.5%	3,951		7.8%	11.2%	113,054		2,566		(5.0%)	(0.1%)	20,566
						For the 12 Months Ended September 30, 2018
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)		(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$2,418		10.8%	8.1%	$1,904		13.3%	10.3%	26,349		$514		2.7%	0.5%	4,036	920		1,018
Canada	282		11.2%	9.2%	260		11.3%	9.2%	3,564		22		10.2%	8.2%	44	60	66
CEMEA	1,109		7.2%	8.4%	410		21.3%	22.4%	15,615		698		0.4%	1.5%	4,921	353		345
LAC	996		0.3%	6.3%	416		5.0%	12.9%	12,713		580		(2.9%)	2.2%	4,766	436		472
US	4,197		10.0%	10.0%	3,631		11.2%	11.2%	67,236		566		2.8%	2.8%	3,878	738		897
Europe		2,268		12.4%	7.5%	1,683		14.7%	9.2%		35,619			585		6.3%	2.9%		4,233		500			548
Visa Inc.	11,271		9.5%	8.6%	8,305		12.5%	11.1%	161,096		2,966		1.8%	2.0%	21,878	3,007		3,346
Visa Credit Programs
US	$1,971		10.4%	10.4%	$1,915		10.8%	10.8%	23,481		$56		(2.2%)	(2.2%)	62	269		336
International		2,933		11.0%	9.3%	2,725		11.7%	10.0%		38,059			208		3.2%	0.7%		868		692			771
Visa Inc.	4,904		10.8%	9.8%	4,640		11.3%	10.4%	61,540		264		2.0%	0.0%	930	961		1,107
Visa Debit Programs
US	$2,226		9.6%	9.7%	$1,716		11.6%	11.7%	43,755		$510		3.4%	3.4%	3,816	470		562
International		4,141		7.9%	6.6%	1,949		16.3%	12.4%		55,800			2,192		1.3%	2.0%		17,132		1,577			1,678
Visa Inc.	6,367		8.5%	7.7%	3,665		14.1%	12.1%	99,556		2,701		1.7%	2.2%	20,948	2,046		2,239

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2. 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.

	Growth	Growth
Period	(Nominal	(Constant
USD)	USD)
3 Months Ended
Sep 30, 2019	4%	7%
Jun 30, 2019	2%	7%
Mar 31, 2019	(2%)	4%
Dec 31, 2018	3%	7%
Sep 30, 2018	8%	10%
12 Months Ended
Sep 30, 2019	2%	6%

3. 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
Sep 30, 2019	36,425	11%
Jun 30, 2019	35,428	12%
Mar 31, 2019	32,544	11%
Dec 31, 2018	33,931	11%
Sep 30, 2018	32,763	12%
12 Months Ended
Sep 30, 2019	138,329	11%

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Footnote

Payments volume, including Visa Direct volume, represents the aggregate dollar amount of purchases made with cards and other form factors carrying the Visa, Visa Electron, V PAY and Interlink brands and excludes Europe co-badged volume for the relevant period, and cash volume represents the aggregate dollar amount of cash disbursements obtained with these cards for the relevant period and includes the impact of balance transfers and convenience checks, but excludes proprietary PLUS volume. Total volume represents payments and cash volume.

Visa payment products are comprised of credit and debit programs, and data relating to each program is included in the tables. Debit programs include Visa's signature based and Interlink (PIN) debit programs.

The data presented is based on transactions processed by Visa and reported by Visa's financial institution clients on their operating certificates. Estimates may be utilized if data is unavailable.

On occasion, previously presented information may be updated. Prior period updates, if any, are not material.

Visa's CEMEA region is comprised of countries in Central Europe, the Middle East and Africa. Several European Union countries in Central Europe, Israel and Turkey are not included in CEMEA. LAC is comprised of countries in Central and South America and the Caribbean. International includes Asia Pacific, Canada, CEMEA, Europe and LAC.

Information denominated in U.S. dollars is calculated by applying an established U.S. dollar/local currency exchange rate for each local currency in which Visa Inc. volumes are reported ("Nominal USD"). These exchange rates are calculated on a quarterly basis using the established exchange rate for each quarter. To eliminate the impact of foreign currency fluctuations against the U.S. dollar in measuring performance, Visa Inc. also reports year-over-year growth in total volume, payments volume and cash volume on the basis of local currency information ("Constant USD"). This presentation represents Visa's historical methodology which may be subject to review and refinement.

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