Visa : Q3 2021 Operational Data

Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended June 30, 2021, as well as the prior four quarterly reporting periods and the 12 months ended June 30, 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 June 30, 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	$563		18.2%	11.0%	$476	20.1%	12.1%	8,498	$87		8.7%	5.4%	747	3		4
Canada	89		42.2%	26.3%	83	48.2%	31.6%	1,122	6		(7.3%)	(17.7%)	8	63		62
CEMEA	334		40.1%	38.8%	171	57.8%	56.7%	7,520	163		25.3%	23.9%	1,083	3		3
LAC	242		49.5%	47.7%	125	72.2%	71.7%	4,843	117		31.2%	28.5%	1,043	2		2
US	1,499	37.3%	37.3%	1,330	40.1%	40.1%	21,384	169		18.7%	18.7%	836	6		6
Europe		646		39.9%	28.5%	534	43.6%	30.8%		11,836	112		24.6%	18.5%	635	19		22
Visa Inc.		3,373		35.3%	30.9%	2,719	39.1%	34.2%		55,203	654		21.5%	19.0%	4,352	96		101
Visa Credit Programs
US	$609		43.5%	43.5%	$600	43.9%	43.9%	6,760	$9		21.8%	21.8%	11	-		-
International		724		28.7%	21.2%	683	29.1%	21.6%		12,041	41		22.7%	15.3%	162	976		1,124
Visa Inc.		1,333		35.1%	30.5%	1,283	35.6%	31.1%		18,801	50		22.5%	16.4%	173	976		1,124
Visa Debit Programs
US	$890		33.4%	33.4%	$730	37.2%	37.2%	14,624	$160		18.5%	18.5%	826	-		-
International		1,150		37.2%	29.6%	705	48.3%	36.8%		21,778	445		22.6%	19.5%	3,353	2,057		2,244
Visa Inc.		2,040		35.5%	31.2%	1,435	42.4%	37.0%		36,402	604		21.5%	19.2%	4,179	2,057		2,244
							For the 3 Months Ended March 31, 2021
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)		(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$570	4.7%	(0.8%)	$475	8.6%	2.0%	8,078	$96		(11.0%)	(12.6%)	816	907		983
Canada	74		11.4%	5.0%	67	10.8%	4.4%	970	7		18.0%	11.1%	8	79		84
CEMEA	304		4.6%	9.3%	153	17.3%	24.1%	6,578	151		(5.8%)	(2.5%)	1,033	372		378
LAC	220		0.4%	10.8%	111	9.9%	22.5%	4,278	110		(7.7%)	1.0%	1,001	508		549
US	1,315	17.2%	17.2%	1,157	17.7%	17.7%	19,118	158		13.6%	13.6%	816	852		1,068
Europe		559		4.6%	(1.6%)	460	9.8%	2.6%		10,215	99		(14.0%)	(17.5%)	558	527		580
Visa Inc.		3,044		9.6%	8.2%	2,423	13.7%	11.4%		49,237	621		(4.1%)	(2.8%)	4,231	3,246		3,642
Visa Credit Programs
US	$508		0.1%	0.1%	$500	1.6%	1.6%	5,743	$8		(46.6%)	(46.6%)	10	280		351
International		681		1.9%	(1.7%)	642	2.9%	(0.8%)		10,926	38		(12.1%)	(14.9%)	146	717		806
Visa Inc.		1,189		1.2%	(0.9%)	1,143	2.3%	0.2%		16,669	46		(21.0%)	(22.8%)	156	997		1,157
Visa Debit Programs
US	$807		31.3%	31.3%	$657	34.0%	34.0%	13,374	$150		20.9%	20.9%	806	572		717
International		1,048		6.0%	4.8%	624	19.0%	14.5%		19,193	424		(8.7%)	(6.7%)	3,269	1,677		1,768
Visa Inc.		1,854		15.7%	14.9%	1,280	26.2%	23.7%		32,567	574		(2.4%)	(0.8%)	4,075	2,249		2,485

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						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%)	(9.2%)	$494		(3.3%)	(7.6%)	8,446		$98		(17.0%)	(16.7%)	856	901	981
Canada	81		2.2%	1.1%	75		1.3%	0.3%	1,079		7		12.5%	11.4%	8	78	84
CEMEA	315		(1.9%)	6.1%	155		8.8%	19.8%	6,679		161		(10.3%)	(4.4%)	1,113	365	369
LAC	239		(5.6%)	8.2%	116		0.1%	16.0%	4,446		123		(10.4%)	1.8%	1,083	494	536
US	1,283		7.0%	7.0%	1,140		8.1%	8.1%	19,466		143		(1.2%)	(1.2%)	765	832	1,041
Europe		607		1.8%	(0.2%)	496		7.4%	5.0%		11,449			111		(17.3%)	(18.1%)		646	529	575
Visa Inc.		3,118		1.3%	2.0%	2,476		4.9%	4.7%		51,564			642		(10.7%)	(7.3%)		4,472	3,199	3,585
Visa Credit Programs
US	$542		(4.6%)	(4.6%)	$536		(3.4%)	(3.4%)	6,309		$7		(54.4%)	(54.4%)	10	278	353
International		721		(7.4%)	(8.6%)	680		(6.8%)	(8.1%)		11,595			40		(16.7%)	(16.8%)		158	714	803
Visa Inc.		1,263		(6.3%)	(7.0%)	1,216		(5.3%)	(6.1%)		17,904			47		(25.3%)	(25.4%)		168	992	1,156
Visa Debit Programs
US	$741		17.5%	17.5%	$605		20.8%	20.8%	13,156		$136		4.6%	4.6%	755	553	687
International		1,115		1.2%	4.1%	655		14.0%	14.9%		20,504			459		(12.8%)	(8.1%)		3,549	1,654	1,742
Visa Inc.		1,855		7.1%	9.1%	1,260		17.2%	17.6%		33,660			595		(9.3%)	(5.5%)		4,304	2,207	2,429
						For the 3 Months Ended September 30, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ 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%)	(9.5%)	8,004		$93		(20.0%)	(18.4%)	819	894	974
Canada	75		(3.6%)	(2.6%)	69		(3.5%)	(2.4%)	1,056		6		(5.1%)	(4.1%)	8	75	82
CEMEA	301		(2.2%)	4.1%	142		6.6%	15.1%	6,443		159		(8.9%)	(4.0%)	1,116	358	358
LAC	201		(16.3%)	(0.0%)	95		(12.1%)	6.4%	3,652		106		(19.7%)	(5.1%)	975	471	511
US	1,262		8.0%	8.0%	1,097		7.5%	7.5%	18,863		165		11.8%	11.8%	813	810	999
Europe		613		5.8%	3.4%	495		12.1%	9.0%		11,683			117		(14.5%)	(14.8%)		738	524	570
Visa Inc.		2,996		0.5%	1.9%	2,349		3.6%	4.1%		49,701			647		(9.4%)	(5.3%)		4,470	3,133	3,494
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		(12.6%)	(11.6%)	628		(11.7%)	(10.7%)		10,990			39		(24.3%)	(23.6%)		163	713	798
Visa Inc.		1,167		(10.9%)	(10.4%)	1,121		(9.9%)	(9.3%)		16,855			45		(31.2%)	(30.8%)		173	990	1,141
Visa Debit Programs
US	$762		22.7%	22.7%	$603		23.7%	23.7%	12,998		$159		19.2%	19.2%	803	533	656
International		1,068		1.5%	4.8%	625		16.5%	17.0%		19,849			443		(14.1%)	(8.6%)		3,494	1,610	1,697
Visa Inc.		1,829		9.4%	11.6%	1,228		19.9%	20.2%		32,846			601		(7.2%)	(2.6%)		4,296	2,143	2,353
								For the 3 Months Ended June 30, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$476		(20.9%)	(18.6%)	$396		(18.1%)	(16.0%)	7,047		$80		(32.2%)	(29.9%)	701	895	978
Canada	63		(15.6%)	(12.3%)	56		(18.2%)	(15.1%)	845		7	15.6%	20.1%	7	74	81
CEMEA	238		(19.5%)	(14.2%)	108		(12.3%)	(5.4%)	4,972		130		(24.8%)	(20.3%)	905	354	353
LAC	162		(30.7%)	(15.1%)	72		(30.3%)	(14.0%)	2,932		89		(31.0%)	(16.0%)	841	462	501
US	1,091		(6.5%)	(6.5%)	949		(6.9%)	(6.9%)	16,119		142		(3.2%)	(3.2%)	709	802	996
Europe		462		(17.9%)	(14.7%)	372		(13.5%)	(10.3%)		8,802			90		(32.3%)	(29.6%)		555	517	563
Visa Inc.		2,492		(15.1%)	(12.2%)	1,954		(12.3%)	(10.1%)		40,717			538		(23.8%)	(19.1%)		3,718	3,104	3,472
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		562		(24.0%)	(20.7%)	529		(23.4%)	(20.1%)		9,306			33		(32.7%)	(29.6%)		130	710	797
Visa Inc.		987		(23.0%)	(21.1%)	946		(22.3%)	(20.5%)		14,209			41		(36.5%)	(34.0%)		138	984	1,136
Visa Debit Programs
US	$667		6.8%	6.8%	$532		8.2%	8.2%	11,216		$135		1.8%	1.8%	701	527	656
International		838		(18.5%)	(12.4%)	476		(8.4%)	(2.9%)		15,292			363		(28.8%)	(22.8%)		2,879	1,593	1,680
Visa Inc.		1,505		(8.9%)	(5.1%)	1,008		(0.3%)	2.4%		26,508			498		(22.5%)	(17.5%)		3,580	2,120	2,336

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							For the 12 Months Ended June 30, 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	$2,270		0.5%	(3.3%)	$1,897	3.2%	(1.4%)	33,027		$373	(11.4%)	(11.8%)	3,238
Canada	319		11.5%	7.0%	294	12.2%	7.8%	4,227	26	4.0%	(0.9%)	32
CEMEA	1,255	8.3%	13.5%	621	20.7%	28.0%	27,220	634	(1.6%)	2.2%	4,345
LAC	903		3.2%	15.0%	446	12.4%	26.7%	17,219	457	(4.5%)	5.4%	4,102
US	5,358	17.0%	17.0%	4,724	17.9%	17.9%	78,830	635	10.7%	10.7%	3,231
Europe		2,425		11.7%	6.7%	1,985	17.2%	11.3%		45,182			440	(7.8%)	(9.9%)	2,577
Visa Inc.		12,531		10.6%	10.0%	9,967	14.4%	12.9%		205,705			2,563	(2.1%)	(0.0%)	17,525
Visa Credit Programs
US	$2,159	5.4%	5.4%	$2,130	6.7%	6.7%	24,678	$30	(41.8%)	(41.8%)	40
International		2,792		0.8%	(1.4%)	2,634	1.5%	(0.7%)		45,551			158	(10.3%)	(11.9%)	630
Visa Inc.		4,952	2.7%	1.5%	4,764	3.7%	2.4%	70,229	188	(17.4%)	(18.5%)	670
Visa Debit Programs
US	$3,199		26.3%	26.3%	$2,594	29.1%	29.1%	54,153		$605	15.8%	15.8%	3,190
International		4,380		10.0%	10.2%	2,609	23.6%	20.5%		81,323			1,771	(5.2%)	(2.2%)	13,665
Visa Inc.		7,579	16.4%	16.5%	5,203	26.3%	24.6%	135,476		2,375	(0.7%)	1.8%	16,855
							For the 12 Months Ended June 30, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$2,260		(6.4%)	(5.3%)	$1,839	(4.7%)	(3.2%)	30,559		$421	(13.2%)	(13.7%)	3,743	895	978
Canada	286		(0.1%)	1.0%	261	(1.0%)	(0.0%)	3,891	25	11.0%	12.8%	41	74	81
CEMEA	1,159	2.6%	3.8%	514	13.4%	14.6%	21,584	644	(4.6%)	(3.4%)	4,593	354	353
LAC	875		(7.4%)	2.7%	397	(3.2%)	8.4%	14,691	478	(10.6%)	(1.6%)	4,398	462	501
US	4,580	3.0%	3.0%	4,007	3.4%	3.4%	71,542	573	(0.0%)	(0.0%)	3,431	802	996
Europe		2,171		(2.6%)	0.0%	1,695	0.5%	3.0%		41,356			477	(12.2%)	(9.6%)	3,331		517	563
Visa Inc.		11,332		(1.0%)	0.6%	8,713	1.1%	2.5%		183,623			2,619	(7.6%)	(5.3%)	19,537	3,104	3,472
Visa Credit Programs
US	$2,048	(1.4%)	(1.4%)	$1,997	(1.1%)	(1.1%)	24,205		$51	(10.8%)	(10.8%)	53	275	340
International		2,772		(5.5%)	(3.5%)	2,595	(5.1%)	(3.0%)		42,728			177	(11.3%)	(9.7%)	746		710	797
Visa Inc.		4,819	(3.8%)	(2.6%)	4,592	(3.4%)	(2.2%)	66,933	228	(11.2%)	(9.9%)	799	984	1,136
Visa Debit Programs
US	$2,532		6.9%	6.9%	$2,010	8.4%	8.4%	47,337		$522	1.2%	1.2%	3,378	527	656
International		3,980		(2.3%)	0.9%	2,111	5.1%	8.0%		69,353			1,869	(9.4%)	(6.5%)	15,360		1,593	1,680
Visa Inc.		6,512	1.1%	3.1%	4,121	6.7%	8.2%	116,691	2,391	(7.3%)	(4.9%)	18,738	2,120	2,336

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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
Jun 30, 2021	59%	47%	53%
Mar 31, 2021	(6%)	(11%)	(21%)
Dec 31, 2020	(18%)	(21%)	(33%)
Sep 30, 2020	(28%)	(29%)	(41%)
Jun 30, 2020	(38%)	(37%)	(47%)
12 Months Ended
Jun 30, 2021	(5%)	(9%)	(20%)

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
Jun 30, 2021	42,561	39%
Mar 31, 2021	37,644	8%
Dec 31, 2020	39,213	4%
Sep 30, 2020	37,448	3%
Jun 30, 2020	30,676	(13%)
12 Months Ended
Jun 30, 2021	156,866	12%

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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.

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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