Visa : Q4 2020 Operational Data

Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended September 30, 2020, as well as the prior four quarterly reporting periods and the 12 months ended September 30, 2020 and 2019, 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, 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		(8.5%)	(9.6%)	8,003			$93	(19.8%)	(18.3%)	820	3	4
Canada	75	(3.4%)	(2.4%)	69	(3.5%)	(2.5%)	1,055			6	(2.4%)	(1.3%)	10	63	62
CEMEA	301			(2.3%)	4.0%	141		6.3%	14.8%	6,406			159	(8.9%)	(4.0%)	1,108	3	3
LAC	201			(16.4%)	(0.1%)	94		(12.4%)	6.2%	3,652			106			(19.7%)	(5.0%)	975			2		2
US	1,262			8.0%	8.0%	1,097		7.5%	7.5%	18,853			165			11.8%	11.8%	813			6	6
Europe		613			5.9%	3.6%	495		12.2%	9.1%		11,680				117		(14.3%)	(14.6%)		741		19	22
Visa Inc.	2,995			0.5%	1.9%	2,349		3.5%	4.0%	49,649			647	(9.4%)	(5.3%)	4,467			96	101
Visa Credit Programs
US	$500			(8.7%)	(8.7%)	$493		(7.4%)	(7.4%)	5,865			$6	(56.0%)	(56.0%)	10	-		-
International		667			(12.6%)	(11.6%)	628		(11.8%)	(10.8%)		10,989				39	(24.1%)	(23.5%)	164	976	1,124
Visa Inc.		1,166	(11.0%)	(10.4%)	1,121	(9.9%)	(9.3%)	16,854	45	(31.1%)	(30.7%)	174	976	1,124
Visa Debit Programs
US	$762	22.7%	22.7%	$603	23.7%	23.7%	12,988	$159	19.1%	19.1%	803	-		-
International		1,067			1.6%	4.9%	624		16.5%	17.1%		19,807				443	(14.0%)	(8.5%)	3,490			2,057	2,244
Visa Inc.		1,829	9.4%	11.6%	1,227	19.9%	20.2%	32,795			602	(7.2%)	(2.6%)	4,293	2,057	2,244
									For the 3 Months Ended June 30, 2020
		Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
		Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
	($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$475			(21.0%)	(18.8%)	$396		(18.2%)	(16.1%)	7,040			$80	(32.1%)	(29.7%)	702	903	995
Canada	63	(15.5%)	(12.2%)	56	(18.2%)	(15.0%)	845			7	15.6%	20.1%	7	74	81
CEMEA	238			(19.5%)	(14.0%)	108	(12.5%)	(5.2%)	4,948			130	(24.5%)	(20.2%)	907	355	353
LAC	162	(30.8%)	(14.5%)	72	(30.5%)	(13.0%)	2,931			89	(31.0%)	(15.6%)	841	463	503
US	1,092	(6.4%)	(6.4%)	950	(6.9%)	(6.9%)	16,120	142	(3.1%)	(3.1%)	710	803	992
Europe		463			(17.7%)	(14.4%)	373		(13.3%)	(10.0%)		8,794				90	(32.2%)	(28.7%)	558			522	570
Visa Inc.		2,493			(15.1%)	(11.9%)	1,954	(12.4%)	(9.9%)	40,677			539	(23.6%)	(18.6%)	3,724	3,120	3,493
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%)	(19.9%)		9,299				34	(31.9%)	(28.8%)	134	710	800
Visa Inc.		987			(23.0%)	(21.0%)	946		(22.4%)	(20.4%)		14,202				41	(35.9%)	(33.6%)	142	985	1,139
Visa Debit Programs
US	$667	6.9%	6.9%	$532	8.2%	8.2%	11,217	$135	1.9%	1.9%	702	528	653
International		838			(18.4%)	(12.3%)	475		(8.3%)	(2.6%)		15,259				363	(28.8%)	(22.4%)	2,881	1,607	1,701
Visa Inc.		1,506			(8.9%)	(4.7%)	1,008	(0.3%)	2.8%	26,475	498	(22.4%)	(17.0%)	3,583	2,135	2,354

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								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					(7.1%)	$437	(8.4%)	(6.2%)	7,422	$108			(10.8%)	(10.4%)	987		898	988
Asia Pacific	$545		(8.9%)
Canada	66		2.6%	3.7%	61	2.0%	3.2%	932	6	9.0%	10.2%	11		74	80
CEMEA	291		8.4%	9.4%	130	18.3%	19.5%	5,553	161	1.6%	2.3%	1,160		363	359
LAC	219		(4.5%)	7.8%	101	(0.6%)	14.3%	3,824	119	(7.7%)	2.8%	1,108		455	493
US	1,123		4.9%	4.9%	983	5.8%	5.8%	17,629	139	(1.0%)	(1.0%)	853		794	978
Europe		534		1.1%	4.0%	419	3.4%	6.0%		10,346	116	(6.5%)	(2.7%)	814		516	565
Visa Inc.		2,779		0.7%	2.7%	2,131	2.3%	4.1%		45,706	648			(4.4%)	(1.5%)	4,933		3,100	3,464
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		(6.5%)	(3.4%)	624	(6.5%)	(3.4%)		10,552				44			(6.7%)	(4.3%)		186			712	802
Visa Inc.		1,176		(2.2%)	(0.4%)	1,116	(2.1%)	(0.2%)		16,495	59	(4.5%)	(2.5%)	199	988	1,142
Visa Debit Programs
US	$615	5.6%	5.6%	$491	7.6%	7.6%	11,687	$124	(1.4%)	(1.4%)	839	518	638
International		988		1.3%	4.9%	523	7.7%	11.1%		17,524				465			(5.1%)	(1.4%)		3,894			1,594	1,684
Visa Inc.		1,603		2.9%	5.2%	1,014	7.6%	9.4%		29,211	589	(4.3%)	(1.4%)	4,733		2,111	2,322
							For the 3 Months Ended December 31, 2019
			Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
			Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
		($ billions)	USD)	USD)	($ billions)	USD)	USD)		(millions)	($ billions)	USD)	USD)		(millions)	(millions)	(millions)
All Visa Credit & Debit					1.9%	$511	3.7%	4.3%	8,171	$118			(4.4%)	(7.3%)	1,072		902	995
Asia Pacific	$629		2.1%
Canada	79		4.5%	4.6%	73	4.3%	4.3%	1,059			6			7.9%	7.9%	11	72	75
CEMEA	322		11.9%	10.6%	142	25.1%	23.0%	5,639	180	3.3%	2.5%	1,276	362	360
LAC	254		1.0%	8.7%	116	7.2%	17.0%	4,114	138	(3.7%)	2.5%	1,236	447	486
US	1,200	7.1%	7.1%	1,055	7.8%	7.8%	19,019	144	2.1%	2.1%	919	787	969
Europe		596		4.5%	5.3%	462	7.7%	8.2%		11,328			134		(5.3%)	(3.6%)		961			516			568
Visa Inc.	3,080		5.4%	6.1%	2,360	7.6%	8.2%	49,329	720	(1.3%)	(0.4%)	5,475		3,087	3,454
Visa Credit Programs
US	$568		6.6%	6.6%	$554	6.7%	6.7%	6,756	$14	1.3%	1.3%	15	276	340
International		779		3.6%	4.9%	731	4.2%	5.5%		11,595			49		(4.2%)	(3.4%)		212			711			797
Visa Inc.	1,348		4.9%	5.6%	1,285	5.3%	6.1%	18,350	63	(3.0%)	(2.4%)	227	987	1,138
Visa Debit Programs
US	$631	7.6%	7.6%	$501	9.1%	9.1%	12,264	$130	2.1%	2.1%	904	511	629
International		1,101		4.9%	5.8%	574	11.9%	12.6%		18,716			526	(1.9%)	(0.8%)	4,344		1,588	1,688
Visa Inc.		1,732		5.8%	6.4%	1,076	10.6%	10.9%		30,979			657	(1.1%)	(0.3%)	5,248		2,099	2,316
							For the 3 Months Ended September 30, 2019
			Total	Growth	Growth	Payments	Growth	Growth		Payments		Cash	Growth	Growth		Cash
			Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions		Volume	(Nominal	(Constant	Transactions Accounts		Cards
		($ 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%	5.6%	7,908	$115			(6.0%)	(7.4%)	987		879	973
Canada	77	8.4%	9.2%	71	8.1%	9.0%	1,052	6	10.8%	11.7%	12	67	68
CEMEA	308		11.3%	11.4%	133	25.5%	24.8%	5,397	175	2.5%	3.1%	1,259	361	358
LAC	240		4.2%	9.4%	108	11.5%	17.8%	3,820	132	(1.1%)	3.5%	1,213	438	475
US	1,168	7.3%	7.3%	1,021	8.1%	8.1%	18,786	148	2.1%	2.1%	950	766	937
Europe		579		2.1%	6.2%	442	4.8%	9.1%		10,873	137			(5.6%)	(2.4%)	998		510	559
Visa Inc.		2,982		5.3%	6.7%	2,268	7.5%	8.9%		47,836	714			(1.2%)	0.0%	5,420		3,022	3,371
Visa Credit Programs
US	$547		6.7%	6.7%	$533	6.8%	6.8%	6,603	$14	1.7%	1.7%	16	273	337
International		763		5.0%	6.9%	712	5.4%	7.3%		11,285	51	(0.2%)	1.9%	225		711	792
Visa Inc.		1,310		5.7%	6.8%	1,245	6.0%	7.1%		17,889	66	0.2%	1.8%	241		983	1,130
Visa Debit Programs
US	$621	7.8%	7.8%	$488	9.4%	9.4%	12,183	$133	2.2%	2.2%	934	494	600
International		1,051		3.3%	5.9%	536	9.2%	12.8%		17,765				515	(2.3%)	(0.8%)	4,245		1,545	1,642
Visa Inc.		1,672		4.9%	6.6%	1,024	9.3%	11.2%		29,948	648	(1.4%)	(0.2%)	5,179		2,039	2,241

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							For the 12 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	$2,194		(9.5%)	(8.7%)	$1,796		(7.8%)	(6.8%)	30,635		$398		(16.6%)	(16.1%)	3,581
Canada	283		(3.1%)	(1.6%)	259		(4.0%)	(2.5%)	3,891		25	7.3%	8.9%	38
CEMEA	1,152		(0.7%)	2.6%	522		8.7%	13.1%	22,546		630		(7.3%)	(4.8%)	4,451
LAC	836		(12.5%)	1.0%	383		(9.0%)	6.7%	14,521		452		(15.3%)	(3.3%)	4,160
US	4,676		3.3%	3.3%	4,085		3.4%	3.4%	71,622		591		2.5%	2.5%	3,295
Europe		2,206		(1.5%)	(0.3%)	1,749		2.5%	3.5%		42,147	457	(14.6%)	(12.4%)	3,073
Visa Inc.		11,347		(2.2%)	(0.3%)	8,793		0.2%	1.6%		185,362			2,553		(9.6%)	(6.3%)		18,598
Visa Credit Programs
US	$2,000		(5.2%)	(5.2%)	$1,957		(4.7%)	(4.7%)	23,467		$43		(25.3%)	(25.3%)	47
International		2,676		(9.9%)	(7.6%)	2,511		(9.4%)	(7.1%)		42,435			166	(16.8%)	(15.0%)	695
Visa Inc.		4,677		(7.9%)	(6.6%)	4,468	(7.4%)	(6.0%)	65,901	208	(18.7%)	(17.4%)	742
Visa Debit Programs
US	$2,676		10.8%	10.8%	$2,128	12.2%	12.2%	48,155	$548		5.6%	5.6%	3,248
International		3,994		(2.7%)	1.0%	2,197		7.0%	9.7%		71,306	1,797	(12.4%)	(8.0%)	14,609
Visa Inc.		6,670		2.3%	4.7%	4,325	9.5%	10.9%	119,460	2,345	(8.7%)	(5.2%)	17,857
							For the 12 Months Ended September 30, 2019
			Total	Growth	Growth	Payments	Growth	Growth			Payments			Cash	Growth	Growth			Cash					Cards
			Volume	(Nominal	(Constant	Volume	(Nominal	(Constant	Transactions			Volume	(Nominal	(Constant	Transactions Accounts
	($ billions)	USD)	USD)	($ billions)	USD)	USD)			(millions)	($ billions)	USD)	USD)			(millions)	(millions)	(millions)
All Visa Credit & Debit
Asia Pacific	$2,425		0.3%	4.0%	$1,948		2.3%	6.6%	29,779	$477		(7.2%)	(5.3%)	4,039		879		973
Canada	292		3.5%	6.9%	269		3.7%	7.0%	3,925	23	2.2%	5.5%	46	67	68
CEMEA	1,160		4.6%	9.2%	480	17.0%	22.3%	19,466	680	(2.7%)	1.5%	4,960	361		358
LAC	955		(4.1%)	7.4%	421		1.1%	15.5%	14,418	534	(7.9%)	1.9%	4,834		438		475
US	4,526		7.9%	7.9%	3,949		8.8%	8.8%	72,265	577	1.9%	1.9%	3,708		766		937
Europe		2,240		(1.1%)	5.8%	1,705		1.4%	8.0%		40,733	535	(8.6%)	(0.8%)	3,989	510		559
Visa Inc.		11,599		2.9%	6.7%	8,773		5.7%	9.0%		180,585	2,825		(4.7%)	0.0%	21,575	3,022		3,371
Visa Credit Programs
US	$2,111		7.1%	7.1%	$2,053	7.2%	7.2%	25,025	$58	3.0%	3.0%	61	273		337
International		2,969		1.3%	7.0%	2,770		1.8%	7.4%		42,384	199	(4.4%)	0.8%	879	711		792
Visa Inc.		5,080		3.6%	7.0%	4,824	4.0%	7.3%	67,408	256	(2.9%)	1.3%	939	983	1,130
Visa Debit Programs
US	$2,415	8.6%	8.6%	$1,896	10.5%	10.5%	47,240	$519	1.8%	1.8%	3,647	494	600
International	4,103		(0.9%)	5.2%	2,053		5.3%	11.6%	65,937	2,050	(6.5%)	(0.6%)	16,988	1,545			1,642
Visa Inc.	6,518		2.4%	6.4%	3,949	7.8%	11.1%	113,176	2,569	(4.9%)	(0.1%)	20,635	2,039			2,241

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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
Sep 30, 2020	(28%)	(29%)	(41%)
Jun 30, 2020	(38%)	(37%)	(47%)
Mar 31, 2020	(4%)	(2%)	(4%)
Dec 31, 2019	7%	9%	9%
Sep 30, 2019	4%	7%	9%
12 Months Ended
Sep 30, 2020	(16%)	(16%)	(22%)

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
Sep 30, 2020	37,448	3%
Jun 30, 2020	30,676	(13%)
Mar 31, 2020	34,941	7%
Dec 31, 2019	37,775	11%
Sep 30, 2019	36,425	11%
12 Months Ended
Sep 30, 2020	140,839	2%

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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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