Visa : Q2 2021 Operational Data

Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended March 31, 2021, as well as the prior four quarterly reporting periods and the 12 months ended March 31, 2021 and 2020, 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 March 31, 2021
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash					Cards
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$570		4.6%	(0.9%)	$474	8.5%	1.9%	8,071	$95		(11.5%)	(13.1%)	809	3	4
Canada	74	11.6%	5.1%	67	11.0%	4.6%	970			7		18.0%	11.2%	8	63	62
CEMEA	306		5.3%	10.4%	155	18.5%	26.3%	6,592	151	(5.5%)	(2.1%)	1,036	3	3
LAC	220		0.4%	10.8%	111	9.9%	22.6%	4,277	110	(7.7%)	1.0%	1,002	2	2
US	1,315	17.2%	17.2%	1,157	17.7%	17.7%	19,119	158	13.5%	13.5%	815	6	6
Europe		558		4.4%	(1.9%)	459	9.5%	2.4%		11,621			99		(14.2%)	(17.7%)		557		19	22
Visa Inc.	3,043		9.5%	8.2%	2,423	13.7%	11.5%	50,651			620			(4.2%)	(2.9%)	4,227			96		101
Visa Credit Programs
US	$508		0.1%	0.1%	$500	1.6%	1.6%	5,744			$8		(46.6%)	(46.6%)	10	-		-
International		681		2.0%	(1.6%)	643	3.0%	(0.7%)		11,131				38		(12.1%)	(14.9%)	146	976	1,124
Visa Inc.		1,190		1.2%	(0.9%)	1,143	2.4%	0.3%		16,875	46	(21.0%)	(22.8%)	156	976	1,124
Visa Debit Programs
US	$806	31.3%	31.3%	$657	33.9%	33.9%	13,375	$150	20.8%	20.8%	806	-		-
International		1,047		6.0%	4.9%	623	19.0%	14.6%		20,401				424		(8.7%)	(6.7%)	3,266	2,057	2,244
Visa Inc.		1,854		15.7%	15.0%	1,280	26.2%	23.8%		33,776	574		(2.5%)	(0.8%)	4,072	2,057	2,244
						For the 3 Months Ended December 31, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$592		(5.9%)	(9.3%)	$494	(3.4%)	(7.6%)	8,446	$98		(17.0%)	(16.7%)	857	897	990
Canada	81	2.3%	1.2%	75	1.4%	0.4%	1,079	7		12.6%	11.4%	8	78	84
CEMEA	315		(1.9%)	6.4%	155	8.7%	20.4%	6,668	161	(10.3%)	(4.3%)	1,116	365	369
LAC	239		(5.6%)	8.3%	116	0.1%	16.2%	4,446	123	(10.4%)	1.9%	1,083	492	532
US	1,283		7.0%	7.0%	1,140	8.1%	8.1%	19,463	143	(1.3%)	(1.3%)	767	831	1,040
Europe		607		1.9%	(0.1%)	496	7.4%	5.0%		11,449	111		(17.0%)	(17.8%)	650	528	575
Visa Inc.		3,118		1.3%	2.0%	2,475	4.9%	4.7%		51,551	642		(10.7%)	(7.2%)	4,480	3,192	3,592
Visa Credit Programs
US	$542		(4.6%)	(4.6%)	$535	(3.4%)	(3.4%)	6,309	$7	(54.5%)	(54.5%)	10	278	353
International		721		(7.4%)	(8.7%)	680	(6.8%)	(8.1%)		11,594				40		(16.7%)	(16.8%)	158			713	803
Visa Inc.		1,263		(6.3%)	(7.0%)	1,216	(5.3%)	(6.1%)		17,902	47		(25.3%)	(25.4%)	168	992	1,156
Visa Debit Programs
US	$741	17.4%	17.4%	$605	20.7%	20.7%	13,155	$136	4.5%	4.5%	757	553	687
International	1,115		1.2%	4.3%	655	13.9%	15.0%	20,494			460		(12.7%)	(8.0%)	3,555			1,648			1,749
Visa Inc.	1,855		7.1%	9.1%	1,260	17.1%	17.7%	33,649	596		(9.3%)	(5.4%)	4,312			2,201		2,436

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						For the 3 Months Ended September 30, 2020
		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	$545		(10.6%)	(11.2%)	$452	(8.4%)	(9.6%)	8,007		$93		(19.9%)	(18.4%)	819		894		985
Canada	75		(3.6%)	(2.6%)	69	(3.5%)	(2.4%)	1,056		6		(5.1%)	(4.1%)	8		75		82
CEMEA	301		(2.3%)	4.3%	141	6.2%	15.5%	6,422		159		(8.8%)	(3.9%)	1,120		358		358
LAC	201		(16.3%)	0.1%	95	(12.1%)	6.5%	3,652		106		(19.7%)	(5.0%)	975		471		511
US	1,262		8.0%	8.0%	1,096	7.4%	7.4%	18,863		165		11.8%	11.8%	813		808		997
Europe		611		5.6%	3.3%	495	12.1%	9.0%		11,680			116		(15.2%)	(15.5%)		734			524			570
Visa Inc.	2,995		0.4%	1.9%	2,349	3.5%	4.1%	49,680		646		(9.5%)	(5.4%)	4,470		3,130		3,502
Visa Credit Programs
US	$500	(8.7%)	(8.7%)	$493	(7.4%)	(7.4%)	5,865		$6	(55.9%)	(55.9%)	10	277	343
International		667		(12.5%)	(11.6%)	628	(11.7%)	(10.7%)		10,993			39		(24.2%)	(23.6%)		163			713			798
Visa Inc.	1,167		(10.9%)	(10.4%)	1,121	(9.9%)	(9.3%)	16,858	45	(31.2%)	(30.8%)	173		990	1,141
Visa Debit Programs
US	$762	22.7%	22.7%	$603	23.6%	23.6%	12,998	$159	19.2%	19.2%	803	531	653
International		1,066		1.4%	4.8%	624	16.4%	17.1%		19,824			442		(14.2%)	(8.8%)		3,494			1,609			1,707
Visa Inc.	1,828	9.3%	11.6%	1,227	19.8%	20.2%	32,822	601	(7.3%)	(2.8%)	4,297		2,140	2,361
							For the 3 Months Ended June 30, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$476		(20.9%)	(18.7%)	$396	(18.1%)	(16.1%)	7,047		$80		(32.1%)	(29.8%)	701		895		988
Canada	63		(15.6%)	(12.3%)	56	(18.2%)	(15.0%)	845		7		15.6%	20.1%	7		74		81
CEMEA	238		(19.5%)	(13.8%)	108	(12.3%)	(4.4%)	4,954		130		(24.7%)	(20.3%)	905		354		354
LAC	162		(30.7%)	(14.4%)	72	(30.3%)	(12.7%)	2,932		89	(31.0%)	(15.6%)	841		462	501
US	1,092	(6.5%)	(6.5%)	950	(6.9%)	(6.9%)	16,122	142	(3.2%)	(3.2%)	709	803	995
Europe		460		(18.2%)	(14.8%)	371	(13.6%)	(10.4%)		8,787			89		(33.0%)	(29.5%)		550			517			563
Visa Inc.	2,491		(15.1%)	(12.0%)	1,954	(12.4%)	(9.9%)	40,686		537		(23.9%)	(18.8%)	3,713		3,105		3,482
Visa Credit Programs
US	$424	(21.7%)	(21.7%)	$417	(21.0%)	(21.0%)	4,903		$7	(49.5%)	(49.5%)	8	275	340
International		563		(24.0%)	(20.5%)	529	(23.4%)	(19.8%)		9,306			33	(32.7%)	(29.6%)	130		710		797
Visa Inc.		987		(23.0%)	(21.0%)	946	(22.3%)	(20.3%)		14,209			41		(36.5%)	(34.2%)		138			985			1,136
Visa Debit Programs
US	$667	6.8%	6.8%	$532	8.2%	8.2%	11,218	$135	1.8%	1.8%	701	528	656
International		837		(18.6%)	(12.5%)	475	(8.5%)	(2.7%)		15,259			362	(29.0%)	(22.6%)	2,874		1,593		1,689
Visa Inc.		1,504	(9.0%)	(4.8%)	1,007	(0.4%)	2.7%	26,477	497	(22.6%)	(17.2%)	3,575	2,121	2,345
							For the 3 Months Ended March 31, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$545		(8.9%)	(7.2%)	$437	(8.4%)	(6.3%)	7,426		$108		(11.1%)	(11.1%)	983		892		981
Canada	66		2.6%	3.8%	61	2.1%	3.2%	932		6		9.0%	10.2%	11		74		80
CEMEA	291		8.4%	8.9%	131	18.5%	18.7%	5,558		160		1.3%	2.2%	1,158		363		360
LAC	220		(4.5%)	7.7%	101	(0.4%)	14.0%	3,824		119		(7.7%)	3.0%	1,108		453		491
US	1,122		4.8%	4.8%	983	5.7%	5.7%	17,623		139		(0.9%)	(0.9%)	854		788		977
Europe		534		1.1%	3.9%	419	3.4%	5.9%		10,348			116		(6.5%)	(3.0%)		815			516			565
Visa Inc.	2,778		0.6%	2.5%	2,131	2.3%	3.8%	45,712		647		(4.5%)	(1.8%)	4,928		3,085		3,456
Visa Credit Programs
US	$508	4.0%	4.0%	$493	4.0%	4.0%	5,943	$15	2.8%	2.8%	14	276	340
International		668		(6.4%)	(3.9%)	624	(6.3%)	(3.8%)		10,556			44		(7.7%)	(5.8%)		183			712			802
Visa Inc.	1,175		(2.2%)	(0.7%)	1,117	(2.0%)	(0.6%)	16,499	59	(5.2%)	(3.8%)	196	988	1,142
Visa Debit Programs
US	$614	5.5%	5.5%	$490	7.4%	7.4%	11,681	$124	(1.4%)	(1.4%)	840	512	637
International		988		1.2%	4.6%	524	7.6%	10.5%		17,533			464	(5.1%)	(1.6%)	3,891		1,586	1,676
Visa Inc.		1,603	2.8%	5.0%	1,014	7.5%	9.0%	29,213	589	(4.4%)	(1.6%)	4,731	2,097	2,314

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						For the 12 Months Ended March 31, 2021
		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	$2,182		(8.5%)	(10.1%)	$1,817	(5.7%)	(7.9%)	31,572	$365	(20.3%)	(19.5%)	3,186
Canada	293		(1.6%)	(2.1%)	267	(2.6%)	(3.1%)	3,949	26	10.0%	9.4%	31
CEMEA	1,161		(4.6%)	1.9%	559	5.6%	14.9%	24,636	602	(12.4%)	(7.7%)	4,177
LAC	823		(13.1%)	1.6%	394	(8.0%)	8.8%	15,307	429	(17.3%)	(4.2%)	3,901
US	4,951		6.3%	6.3%	4,343	6.5%	6.5%	73,567	608	5.1%	5.1%	3,104
Europe		2,237		(1.6%)	(3.1%)	1,821	3.9%	1.8%	43,538	416	(20.0%)	(20.0%)	2,491
Visa Inc.		11,646		(1.1%)	0.1%
	9,200	2.4%	2.6%	192,568		2,446	(12.2%)	(8.6%)	16,891
Visa Credit Programs
US	$1,975		(8.8%)	(8.8%)	$1,946	(7.6%)	(7.6%)	22,820		$28		(51.6%)	(51.6%)	38
International		2,631		(10.8%)	(10.6%)	2,480	(10.0%)	(9.8%)	43,023		151		(21.8%)	(21.3%)	597
Visa Inc.		4,606		(9.9%)	(9.8%)	4,427		(9.0%)	(8.9%)		65,844
			179		(28.7%)	(28.3%)	635
Visa Debit Programs
US	$2,976		19.5%	19.5%	$2,397		21.6%	21.6%	50,747		$580		11.5%	11.5%	3,067
International		4,065		(2.5%)	0.6%	2,377		10.4%	11.4%		75,978			1,687		(16.3%)	(11.5%)		13,189
Visa Inc.	7,041		5.7%	7.8%	4,774		15.7%	16.3%	126,725		2,267		(10.6%)	(6.6%)	16,256
						For the 12 Months Ended March 31, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$2,385		(1.7%)	0.1%	$1,926	(0.3%)	2.1%	31,049	$459	(7.3%)	(8.0%)	4,033	892	981
Canada	298		4.3%	5.8%	274	4.1%	5.6%	4,045	24	6.8%	8.5%	45	74	80
CEMEA	1,216		9.1%	9.6%	529	21.5%	21.5%	21,700	687	1.2%	2.2%	4,939		363	360
LAC	947		(0.5%)	8.3%	429	5.1%	16.0%	15,378	519	(4.7%)	2.8%	4,755		453		491
US	4,656		6.7%	6.7%	4,078	7.6%	7.6%	74,047	578	1.2%	1.2%	3,668		788		977
Europe		2,272		1.3%	5.2%	1,752	4.1%	7.8%	42,916		520		(7.3%)	(2.9%)	3,780		516		565
Visa Inc.		11,775		3.4%	5.3%	8,989		5.6%	7.3%		189,135
			2,786		(3.0%)	(0.7%)	21,219		3,085		3,456
Visa Credit Programs
US	$2,166		6.1%	6.1%	$2,107		6.2%	6.2%	25,695		$58		2.7%	2.7%	60		276		340
International		2,949		0.4%	3.3%	2,756		0.7%	3.7%		44,162			193		(4.4%)	(2.0%)		842			712			802
Visa Inc.	5,114		2.7%	4.5%	4,864		3.0%	4.7%	69,857		251		(2.8%)	(0.9%)	902		988			1,142
Visa Debit Programs
US	$2,491		7.3%	7.3%	$1,971		9.1%	9.1%	48,352		$520		1.1%	1.1%	3,608		512		637
International		4,169		2.1%	5.3%	2,154		8.5%	11.8%		70,926			2,015		(4.0%)	(1.2%)		16,709			1,586			1,676
Visa Inc.	6,660		4.0%	6.0%	4,125		8.8%	10.5%	119,278		2,535		(3.0%)	(0.7%)	20,317		2,097		2,314

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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.

	Total	Total	Ex. Intra-Europe(1)
	Growth	Growth	Growth
	(Nominal	(Constant	(Constant
Period	USD)	USD)	USD)
3 Months Ended
Mar 31, 2021	(6%)	(11%)	(21%)
Dec 31, 2020	(18%)	(21%)	(33%)
Sep 30, 2020	(28%)	(29%)	(41%)
Jun 30, 2020	(38%)	(37%)	(47%)
Mar 31, 2020	(4%)	(2%)	(4%)
12 Months Ended
Mar 31, 2021	(23%)	(25%)	(36%)

1. Cross-bordervolumes excluding transactions within Europe drive our international transaction revenues.

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
Mar 31, 2021	37,644	8%
Dec 31, 2020	39,213	4%
Sep 30, 2020	37,448	3%
Jun 30, 2020	30,676	(13%)
Mar 31, 2020	34,941	7%
12 Months Ended
Mar 31, 2021	144,981	0%

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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.

Figures in the tables may not recalculate exactly due to rounding. The totals and percentages are calculated based on unrounded numbers.

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