Visa : Q1 2020 Operational Performance Data

Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended December 31, 2019, as well as the prior four quarterly reporting periods and the 12 months ended December 31, 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 December 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	$633	2.8%	2.6%	$511	3.7%	4.3%	8,210	$122	(0.9%)	(3.9%)	1,116	3	4
Canada	79	4.5%	4.5%	74	4.4%	4.4%	1,057	6	5.6%	5.7%	11	63	62
CEMEA	321	11.5%	10.3%	141	24.0%	22.0%	5,630	180	3.3%	2.5%	1,271	3	3
LAC	254	0.9%	8.6%	116	7.5%	17.3%	4,139	138	(4.0%)	2.1%	1,236	2	2
US	1,201	7.1%	7.1%	1,056	7.8%	7.8%	18,990	145	2.3%	2.3%	923	6	6
Europe		596		4.3%	5.1%	462		7.5%	8.0%		11,302			134		(5.3%)	(3.6%)		961			19			22
Visa Inc.	3,084		5.5%	6.1%	2,360			7.5%	8.1%	49,327	724			(0.7%)	0.1%	5,517			96			101
Visa Credit Programs
US	$569		6.7%	6.7%	$554	6.8%	6.8%	6,767	$14			1.0%	1.0%	15	-			-
International		779		3.5%	4.8%	731		4.1%	5.4%		11,587			48			(4.9%)	(4.1%)		209			976			1,124
Visa Inc.	1,348	4.8%	5.6%	1,285	5.2%	6.0%	18,354	63	(3.6%)	(3.0%)	224	976	1,124
Visa Debit Programs
US	$632	7.5%	7.5%	$502	8.9%	8.9%	12,223	$130	2.4%	2.4%	908	-			-
International		1,104		5.2%	6.1%	573			11.7%	12.4%		18,750				531			(1.1%)	(0.1%)		4,386			2,057			2,244
Visa Inc.	1,736	6.0%	6.6%	1,075	10.4%	10.8%	30,973	661			(0.4%)	0.4%	5,293			2,057	2,244
						For the 3 Months Ended September 30, 2019
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$609	1.8%	2.9%	$494	3.8%	5.7%	7,901	$115			(6.0%)	(7.4%)	987			872	973
Canada	77	7.5%	8.3%	71	7.9%	8.7%	1,048	6	2.9%	3.7%	11	71	79
CEMEA	308	11.3%	11.6%	133	25.4%	25.0%	5,396	175	2.5%	3.0%	1,259	361	358
LAC	241	4.4%	9.8%	108	11.7%	18.3%	3,830	133	(0.9%)	3.7%	1,213	440	478
US	1,170	7.4%	7.4%	1,023	8.2%	8.2%	18,812	148	2.1%	2.1%	953	767	939
Europe		579		1.9%	6.0%	441		4.5%	8.8%		10,845			137			(5.6%)	(2.2%)		998				509				560
Visa Inc.	2,983		5.3%	6.8%	2,270	7.5%	9.1%	47,832	714	(1.3%)	0.1%	5,421			3,020	3,385
Visa Credit Programs
US	$547	6.7%	6.7%	$533	6.8%	6.8%	6,610	$14	0.3%	0.3%	16	274	340
International		763		4.8%	7.0%	712	5.2%	7.4%	11,283	51			(0.9%)	1.3%	224			712			800
Visa Inc.		1,310	5.6%	6.9%	1,245	5.9%	7.2%	17,892	65	(0.6%)	1.1%	240	987	1,140
Visa Debit Programs
US	$623	8.1%	8.1%	$490	9.8%	9.8%	12,202	$133	2.3%	2.3%	937	493	599
International	1,050		3.2%	5.9%	535			9.1%	13.1%	17,737			515			(2.2%)	(0.6%)	4,243			1,541				1,647
Visa Inc.	1,674	5.0%	6.7%	1,025	9.5%	11.5%	29,939	648			(1.3%)	(0.0%)	5,181			2,034		2,246

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							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%	7,529	$118	(7.8%)	(5.7%)	991	934	1,034
Canada	74	1.5%	5.5%	68	1.7%	5.6%	999	6	(0.2%)	3.6%	11	64	70
CEMEA	296	5.2%	8.7%	123	17.2%	21.0%	5,100	173	(1.9%)	1.3%	1,250	356	353
LAC	234	(2.6%)	7.5%	104	2.5%	16.0%	3,620	130	(6.3%)	1.6%	1,197	435	472
US	1,168	7.9%	7.9%	1,022	8.9%	8.9%	18,601	147	1.7%	1.7%	947	759	923
Europe		562		(2.8%)	5.1%	430	0.3%	7.8%		10,335	133		(11.5%)	(2.9%)	1,003		505		553
Visa Inc.		2,936		2.4%	6.3%	2,231	4.9%	8.7%		46,185	705		(5.0%)	(0.6%)	5,399		3,053	3,405
Visa Credit Programs
US	$542	7.0%	7.0%	$528	7.1%	7.1%	6,399	$14	5.3%	5.3%	15	270	334
International		741		(0.7%)	6.0%	691	(0.3%)	6.4%		10,760			50		(4.8%)	1.0%		226			708			793
Visa Inc.	1,283		2.5%	6.4%	1,219	2.7%	6.7%	17,159	64	(2.7%)	1.9%	241	978	1,128
Visa Debit Programs
US	$626	8.8%	8.8%	$494	10.9%	10.9%	12,202	$132	1.3%	1.3%	932	489	589
International		1,027		(1.2%)	4.8%	518	4.8%	11.6%		16,824				509		(6.8%)	(1.4%)		4,226			1,586			1,688
Visa Inc.	1,653		2.3%	6.2%	1,012	7.7%	11.3%	29,026	642		(5.2%)	(0.8%)	5,158		2,076		2,277
							For the 3 Months Ended March 31, 2019
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts			Cards
	($ 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		1,027
Canada	65	(1.1%)	3.4%	59	(0.7%)	3.8%	878	5		(5.5%)	(1.2%)	11		63		69
CEMEA	268		(0.4%)	7.9%	110	10.5%	21.1%	4,467			158		(6.8%)	0.2%	1,157		355		350
LAC	230		(9.4%)	5.9%	101	(4.7%)	14.1%	3,437			129		(12.9%)	0.2%	1,148		428		463
US	1,071		7.0%	7.0%	931	7.9%	7.9%	16,970	141		0.9%	0.9%	889		757		917
Europe		529		(5.1%)	4.4%	406	(2.6%)	6.3%		9,461		124		(12.6%)	(1.3%)		926			504	550
Visa Inc.		2,762		0.2%	5.6%	2,084	3.3%	8.0%		42,154		677	(8.1%)	(1.0%)	5,134		3,040	3,378
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		(1.3%)	6.5%	668	(0.9%)	7.0%		9,893	47	(7.7%)	0.1%	206		703		786
Visa Inc.		1,203	1.6%	6.3%	1,141	2.0%	6.7%	15,592	62	(5.8%)	0.2%	220	974	1,122
Visa Debit Programs
US	$583	7.7%	7.7%	$457	9.7%	9.7%	11,271	$126	1.0%	1.0%	874	486	581
International		975		(5.2%)	3.6%	486	0.8%	9.6%		15,291	490		(10.4%)	(1.7%)	4,040		1,580		1,675
Visa Inc.		1,558	(0.7%)	5.1%	943	4.9%	9.7%	26,562	615	(8.3%)	(1.2%)	4,914	2,066	2,256
						For the 3 Months Ended December 31, 2018
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts			Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$616	2.7%	6.5%	$493	5.1%	9.1%	7,387	$123		(5.8%)	(2.4%)	1,058		921		1,020
Canada	76	5.1%	9.0%	70	5.2%	9.1%	995	6		3.9%	7.8%	11	63	69
CEMEA	288		2.3%	8.9%	114	14.6%	22.7%	4,506	174	(4.4%)	1.3%	1,292	345	340
LAC	252	(7.4%)	7.9%	108	(3.3%)	15.9%	3,545	144	(10.2%)	2.6%	1,276	426	463
US	1,121	9.5%	9.5%	980	10.5%	10.5%	17,891	142	3.1%	3.1%	925		754	914
Europe		571		1.1%	7.3%	430	3.2%	8.6%		10,000	141		(4.6%)	3.6%	1,061		503		550
Visa Inc.		2,924		3.9%	8.2%	2,195	7.1%	10.6%		44,324	729		(4.5%)	1.7%	5,623		3,011		3,355
Visa Credit Programs
US	$533		8.5%	8.5%	$519	8.6%	8.6%	6,330	$14	4.7%	4.7%	15	273		337
International		753		2.4%	8.8%	702	3.0%	9.4%		10,427			51		(5.0%)	0.4%		223			700			781
Visa Inc.	1,286	4.9%	8.6%	1,221	5.3%	9.1%	16,756	65	(3.1%)	1.3%	239	973	1,118
Visa Debit Programs
US	$588	10.5%	10.5%	$461	12.8%	12.8%	11,562	$127	2.9%	2.9%	910	481	577
International	1,050		(0.5%)	6.5%	513	6.3%	12.3%	16,007			537		(6.3%)	1.4%	4,475		1,557			1,660
Visa Inc.	1,638	3.2%	7.9%	974	9.3%	12.6%	27,568	664		(4.6%)	1.7%	5,385		2,038		2,237

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						For the 12 Months Ended December 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	$2,442		0.3%	3.0%	$1,966	2.0%	5.4%	30,582	$476	(6.0%)	(5.7%)	4,097
Canada	295		3.2%	5.5%	272	3.4%	5.7%	3,982	23	0.7%	3.0%	44
CEMEA	1,193	7.0%	9.6%	508	19.5%	22.3%	20,593	685	(0.7%)	1.8%	4,936
LAC	959	(1.8%)	7.9%	430	4.1%	16.5%	15,026	529	(6.2%)	1.9%	4,794
US	4,611		7.4%	7.4%	4,031		8.2%	8.2%	73,372	580	1.8%	1.8%	3,711
Europe		2,266		(0.4%)	5.2%	1,738		2.5%	7.8%		41,943			527	(8.8%)	(2.5%)	3,889
Visa Inc.		11,765		3.4%	6.2%	8,945		5.9%	8.5%		185,498			2,820		(3.8%)	(0.3%)		21,471
Visa Credit Programs
US	$2,146		6.6%	6.6%	$2,089		6.8%	6.8%	25,475		$57	1.8%	1.8%	61
International		2,998		1.6%	6.1%	2,801		2.0%	6.5%		43,523			196	(4.6%)	(0.4%)	1,661
Visa Inc.		5,144		3.6%	6.3%	4,890		4.0%	6.6%		68,997	254	(3.2%)	0.0%	1,722
Visa Debit Programs
US	$2,465		8.0%	8.0%	$1,942	9.8%	9.8%	47,898	$522	1.8%	1.8%	3,651
International		4,157		0.5%	5.1%	2,113		6.7%	11.7%		68,603			2,044	(5.2%)	(0.9%)	16,114
Visa Inc.		6,622		3.2%	6.2%	4,055	8.2%	10.8%	116,500	2,567	(3.8%)	(0.4%)	19,765
						For the 12 Months Ended December 31, 2018
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$2,434		8.9%	8.0%	$1,928	11.6%	10.6%	27,377		$507		(0.1%)	(0.5%)	4,093		921		1,020
Canada	286		8.5%	9.0%	263		8.6%	9.0%	3,675	23	8.1%	8.4%	45	63	69
CEMEA	1,115	4.8%	8.5%	425	17.9%	22.4%	16,448	691	(1.9%)	1.4%	4,942	345	340
LAC	976		(3.8%)	6.8%	413		0.7%	14.3%	13,108		563	(6.9%)	2.1%	4,827		426		463
US	4,294		10.1%	10.1%	3,725		11.3%	11.3%	68,611		570	2.9%	2.9%	3,848		754		914
Europe		2,275		8.7%	7.5%	1,697		10.9%	9.0%		36,873			578	2.6%	3.2%	4,236	503		550
Visa Inc.		11,381		7.7%	8.7%	8,450		10.9%	11.2%		166,092			2,931		(0.8%)	1.9%		21,990	3,011		3,355
Visa Credit Programs
US	$2,013		9.8%	9.8%	$1,956	10.1%	10.1%	23,886	$56	0.4%	0.4%	61	273	337
International		2,951		8.3%	9.3%	2,746		9.0%	10.1%		39,138			206	(0.1%)	0.2%	868	700	781
Visa Inc.		4,964		8.9%	9.5%	4,702	9.5%	10.1%	63,025	262	0.0%	0.2%	930	973	1,118
Visa Debit Programs
US	$2,282	10.4%	10.4%	$1,768	12.7%	12.7%	44,725	$513	3.2%	3.2%	3,787	481	577
International		4,136		4.8%	6.7%	1,980		13.0%	12.7%		58,342			2,156	(1.7%)	1.8%	17,274	1,557	1,660
Visa Inc.		6,417		6.7%	8.0%	3,748	12.8%	12.7%	103,067	2,669	(0.8%)	2.0%	21,061	2,038	2,237

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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
	(Nominal	(Constant
Period	USD)	USD)
3 Months Ended
Dec 31, 2019	7%	9%
Sep 30, 2019	4%	7%
Jun 30, 2019	2%	7%
Mar 31, 2019	(2%)	4%
Dec 31, 2018	3%	7%
12 Months Ended
Dec 31, 2019	3%	7%

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
Dec 31, 2019	37,775	11%
Sep 30, 2019	36,425	11%
Jun 30, 2019	35,428	12%
Mar 31, 2019	32,544	11%
Dec 31, 2018	33,931	11%
12 Months Ended
Dec 31, 2019	142,173	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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