Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months
ended March 31, 2013, as well as the prior four quarterly reporting periods and the 12 months ended
March 31, 2013 and 2012, for cards carrying the Visa, Visa Electron and Interlink brands. Also
included is a table with information on the number of billable transactions processed on Visa Inc.s
CyberSource network.
1. Branded Volume and Transactions
The tables present total volume, payments volume, and cash volume, and the number of payments
transactions, cash transactions, accounts and cards for cards carrying the Visa, Visa Electron and
Interlink brands. Card counts include PLUS proprietary cards. Nominal and constant dollar growth
rates over prior years are provided for volume-based data.
Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

Growth
(Constant
USD)

Payments
Volume
($

For the 3 Months Ended March 31, 2013

Growth
Growth
Payments
Cash
Growth
(Nominal (Constant Transactions Volume
(Nominal
USD)
USD)
(millions) ($ billions)
USD)

Growth
Cash
(Constant Transactions
USD)
(millions)

$449
56
242
223
636

10.0%
0.9%
14.6%
-11.0%
3.4%

12.1%
1.1%
16.7%
-4.4%
3.4%

$296
52
50
98
529

10.1%
1.8%
24.9%
9.5%
4.1%

13.0%
2.0%
28.4%
19.2%
4.1%

3,122
491
931
2,234
10,364

$153
5
192
125
107

9.9%
-8.8%
12.2%
-22.5%
-0.3%

10.5%
-8.6%
14.0%
-17.3%
-0.3%

770
10
1,062
804
830

Visa Inc.

1,607

4.2%

6.2%

1,025

7.1%

8.8%

17,144

581

-0.4%

2.0%

3,476

Visa Credit Programs

US
Rest of World

$255
442

9.2%
7.4%

9.2%
10.8%

$244
395

9.1%
8.2%

9.1%
11.9%

2,841
4,587

$12
47

12.6%
1.7%

12.6%
2.1%

15
179

697

8.1%

10.2%

638

8.5%

10.8%

7,429

59

3.7%

4.0%

193

$381
529

-0.2%
2.7%

-0.2%
6.2%

$285
102

0.3%
19.7%

0.3%
24.4%

7,523
2,192

$96
427

-1.6%
-0.6%

-1.6%
2.6%

815
2,467

910

1.5%

3.4%

387

4.7%

5.7%

9,715

523

-0.8%

1.8%

3,282

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

For the 3 Months Ended December 31, 2012

Growth
Payments
Growth
Growth
Payments
Cash
(Constant
Volume
(Nominal (Constant Transactions Volume
USD)
($ billions)
USD)
USD)
(millions)
($ billions)

Growth
(Nominal
USD)

Growth
Cash
(Constant Transactions Accounts Cards
USD)
(millions) (millions) (millions)

$459
67
261
255
654

12.1%
10.4%
18.3%
-3.0%
2.9%

11.7%
6.6%
19.8%
4.5%
2.9%

$313
62
51
103
545

13.5%
11.1%
29.8%
10.7%
3.0%

12.6%
7.3%
32.3%
20.7%
3.0%

3,264
561
917
2,355
10,636

$145
5
211
152
109

9.2%
2.1%
15.8%
-10.6%
2.6%

9.7%
-1.4%
17.1%
-4.2%
2.6%

755
11
1,148
938
863

570
28
273
402
548

670
38
272
431
716

Visa Inc.

1,695

6.7%

7.9%

1,074

8.1%

8.6%

17,734

621

4.4%

6.8%

3,713

1,822

2,128

Visa Credit Programs

US
Rest of World

$274
477

10.5%
10.8%

10.5%
11.0%

$262
424

10.8%
12.0%

10.8%
12.4%

3,130
4,843

$12
52

4.5%
2.3%

4.5%
0.9%

16
196

217
460

277
518

751

10.7%

10.8%

687

11.5%

11.8%

7,974

64

2.7%

1.6%

212

677

795

$379
564

-2.0%
8.0%

-2.0%
11.6%

$282
105

-3.4%
22.9%

-3.4%
27.2%

7,506
2,254

$97
460

2.3%
5.1%

2.3%
8.6%

847
2,655

331
813

439
893

944

3.7%

5.7%

387

2.6%

3.3%

9,760

557

4.6%

7.5%

3,502

1,145

1,333

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Operational Performance Data

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

For the 3 Months Ended September 30, 2012

Payments Growth
Growth
Payments
Cash
Growth
Volume
(Nominal (Constant Transactions Volume
(Constant
($ billions)
USD)
USD)
(millions) ($ billions)
USD)

Growth
(Nominal
USD)

Growth
Cash
(Constant Transactions Accounts Cards
USD)
(millions) (millions) (millions)

$429
62
238
239
631

6.7%
2.3%
11.9%
-4.1%
0.8%

9.2%
3.7%
18.9%
9.8%
0.8%

$290
57
47
92
521

6.5%
2.8%
27.0%
3.5%
0.9%

8.2%
4.3%
35.6%
19.8%
0.9%

3,115
528
805
2,165
10,335

$139
5
191
147
110

7.3%
-3.7%
8.8%
-8.3%
0.6%

11.5%
-2.3%
15.4%
4.2%
0.6%

693
11
1,070
909
886

558
27
264
395
535

659
35
265
424
698

Visa Inc.

1,599

3.2%

6.9%

1,008

3.8%

5.9%

16,947

591

2.1%

8.5%

3,569

1,778

2,081

Visa Credit Programs

US
Rest of World

$261
441

8.2%
4.9%

8.2%
8.9%

$250
392

9.2%
6.2%

9.2%
10.1%

2,977
4,593

$11
49

-10.1%
-3.9%

-10.1%
0.1%

16
190

213
455

273
515

703

6.1%

8.6%

642

7.3%

9.8%

7,570

61

-5.1%

-2.0%

206

669

788

$370
526

-3.8%
4.6%

-3.8%
13.2%

$272
95

-5.8%
11.4%

-5.8%
20.2%

7,358
2,019

$98
432

2.0%
3.2%

2.0%
11.8%

870
2,493

322
788

426
868

896

0.9%

5.5%

366

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

-1.8%
-0.2%
9,376
530
3.0%
9.9%
3,364
1,110
1,293
For the 3 Months Ended June 30, 2012
Growth
Payments Growth
Growth
Payments
Cash
Growth
Growth
Cash
(Constant
Volume
(Nominal (Constant Transactions Volume
(Nominal (Constant Transactions Accounts Cards
USD)
($ billions)
USD)
USD)
(millions) ($ billions)
USD)
USD)
(millions) (millions) (millions)

$413
61
234
244
619

8.8%
1.8%
14.4%
-0.3%
-0.6%

11.2%
6.3%
23.4%
15.4%
-0.6%

$277
56
45
88
513

11.5%
1.9%
28.4%
3.2%
-1.1%

13.0%
6.4%
39.2%
19.9%
-1.1%

3,001
513
751
2,055
10,024

$136
5
189
155
107

3.6%
0.8%
11.5%
-2.1%
1.5%

7.6%
5.2%
20.2%
13.0%
1.5%

651
11
1,088
961
861

537
25
256
385
524

645
33
258
415
682

Visa Inc.

1,570

3.9%

8.1%

978

3.9%

6.2%

16,344

592

3.9%

11.5%

3,572

1,726

2,032

Visa Credit Programs

US
Rest of World

$256
426

9.2%
6.7%

9.2%
11.2%

$246
378

9.7%
8.5%

9.7%
12.9%

2,887
4,437

$11
49

-0.4%
-5.6%

-0.4%
0.0%

15
192

209
451

265
511

683

7.6%

10.5%

623

9.0%

11.6%

7,324

59

-4.7%

-0.1%

207

660

776

$363
525

-6.6%
7.5%

-6.6%
17.7%

$267
88

-9.3%
16.9%

-9.3%
28.3%

7,137
1,883

$96
437

1.7%
5.8%

1.7%
15.8%

846
2,519

315
752

417
839

888

1.2%

6.4%

355

-3.9%
-2.2%
9,020
533
For the 3 Months Ended March 31, 2012
Growth
Payments Growth
Growth
Payments
Cash
(Constant
Volume
(Nominal (Constant Transactions Volume
USD)
($ billions)
USD)
USD)
(millions) ($ billions)

5.0%

13.0%

3,364

1,067

1,256

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

Growth
(Nominal
USD)

Growth
Cash
(Constant Transactions Accounts Cards
USD)
(millions) (millions) (millions)

$408
56
211
251
616

16.0%
6.8%
19.1%
13.2%
7.0%

14.0%
8.8%
24.2%
18.6%
7.0%

$269
51
40
90
508

16.6%
6.9%
33.3%
16.9%
6.5%

14.1%
8.9%
40.3%
22.8%
6.5%

2,874
463
665
2,016
10,119

$139
5
171
161
108

14.7%
5.6%
16.1%
11.2%
9.3%

13.9%
7.5%
20.9%
16.4%
9.3%

637
10
1,015
953
880

530
24
250
391
521

631
32
251
420
676

Visa Inc.

1,541

11.8%

12.7%

958

11.1%

11.1%

16,138

584

13.0%

15.6%

3,495

1,716

2,009

Visa Credit Programs

US
Rest of World

$234
411

11.8%
13.1%

11.8%
12.8%

$223
365

12.1%
14.9%

12.1%
14.4%

2,599
4,229

$10
47

5.5%
0.8%

5.5%
1.9%

15
182

205
453

265
513

645

12.6%

12.4%

588

13.8%

13.5%

6,828

57

1.6%

2.6%

197

658

778

$382
515

4.2%
17.1%

4.2%
20.7%

$284
85

2.4%
26.0%

2.4%
29.7%

7,520
1,790

$97
429

9.7%
15.5%

9.7%
19.1%

865
2,433

315
742

410
820

897

11.2%

12.9%

370

7.0%

7.5%

9,310

527

14.4%

17.2%

3,299

1,058

1,231

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Page 2

Operational Performance Data

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US
Visa Inc.
Visa Credit Programs
US
Rest of World
Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

For the 12 Months Ended March 31, 2013

Growth
Payments Growth
Growth
Payments
Cash
(Constant
Volume
(Nominal (Constant Transactions Volume
USD)
($ billions)
USD)
USD)
(millions) ($ billions)

Growth
(Nominal
USD)

Growth
Cash
(Constant Transactions
USD)
(millions)

$1,749
246
975
961
2,540

9.4%
3.9%
14.8%
-4.6%
1.6%

11.1%
4.5%
19.6%
6.0%
1.6%

$1,176
227
193
382
2,107

10.4%
4.5%
27.5%
6.8%
1.7%

11.7%
5.1%
33.6%
19.9%
1.7%

12,504
2,093
3,404
8,809
41,359

$573
20
782
578
433

7.6%
-2.4%
12.1%
-10.9%
1.1%

9.8%
-1.8%
16.7%
-1.5%
1.1%

2,868
43
4,368
3,612
3,440

6,471

4.5%

7.3%

4,085

5.7%

7.4%

68,169

2,386

2.5%

7.1%

14,330

$1,047
1,787

9.3%
7.5%

9.3%
10.5%

$1,001
1,588

9.7%
8.7%

9.7%
11.8%

11,835
18,461

$46
198

1.1%
-1.5%

1.1%
0.8%

62
756

2,833

8.2%

10.0%

2,590

9.1%

11.0%

30,297

244

-1.0%

0.8%

818

$1,493
2,144

-3.2%
5.7%

-3.2%
12.0%

$1,106
389

-4.6%
17.8%

-4.6%
24.9%

29,523
8,349

$387
1,755

1.1%
3.3%

1.1%
9.5%

3,378
10,134

3,638

1.9%

5.2%

1,495

0.4%

1.7%

37,872

2,142

2.9%

7.9%

13,512

Total
Volume
($ billions)
All Visa Credit & Debit
Asia Pacific
Canada
CEMEA
LAC
US

Growth
(Nominal
USD)

Growth
(Nominal
USD)

For the 12 Months Ended March 31, 2012

Growth
Payments Growth
Growth
Payments
Cash
(Constant
Volume
(Nominal (Constant Transactions Volume
USD)
($ billions)
USD)
USD)
(millions) ($ billions)

Growth
(Nominal
USD)

Growth
Cash
(Constant Transactions Accounts Cards
USD)
(millions) (millions) (millions)

$1,598
237
849
1,007
2,500

18.5%
9.7%
24.9%
19.4%
8.4%

13.2%
7.4%
25.8%
19.2%
8.4%

$1,066
217
151
358
2,072

21.0%
10.0%
35.3%
23.8%
8.3%

14.6%
7.7%
37.4%
23.7%
8.3%

11,469
1,924
2,409
7,807
41,640

$533
20
698
649
428

13.8%
6.6%
22.9%
17.2%
8.8%

10.4%
4.3%
23.5%
16.9%
8.8%

2,483
41
4,071
3,792
3,568

530
24
250
391
521

631
32
251
420
676

Visa Inc.

6,191

14.8%

13.3%

3,863

13.9%

12.0%

65,248

2,328

16.2%

15.4%

13,954

1,716

2,009

Visa Credit Programs

US
Rest of World

$958
1,662

10.5%
18.4%

10.5%
13.9%

$913
1,461

10.5%
19.3%

10.5%
14.6%

10,643
16,855

$45
201

11.1%
12.4%

11.1%
9.4%

65
732

205
453

265
513

2,620

15.4%

12.6%

2,374

15.7%

12.9%

27,498

246

12.1%

9.7%

797

658

778

$1,542
2,029

7.1%
20.5%

7.1%
19.7%

$1,159
331

6.6%
30.0%

6.6%
28.6%

30,997
6,753

$383
1,699

8.5%
18.8%

8.5%
18.1%

3,503
9,654

315
742

410
820

3,571

14.3%

13.7%

1,490

11.1%

10.6%

37,750

2,082

16.8%

16.1%

13,157

1,058

1,231

Visa Inc.
Visa Debit Programs
US
Rest of World
Visa Inc.

Page 3

Operational Performance Data

Footnote
The preceding tables present regional total volume, payments volume and cash volume, and the
number of payments transactions, cash transactions, accounts and cards for cards carrying the Visa,
Visa Electron and Interlink brands. Card counts include PLUS proprietary cards. Nominal and
constant dollar growth rates over prior years are provided for volume-based data.
Payments volume represents the aggregate dollar amount of purchases made with cards carrying the
Visa, Visa Electron and Interlink brands 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 volume plus 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 Visas signature based and Interlink (PIN) debit
programs.
The data presented is reported quarterly by Visas members on their operating certificates and is subject
to verification by Visa. On occasion, members may update previously submitted information.
Visas 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. Rest of World includes Asia
Pacific, Canada, CEMEA 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 Visas historical methodology which may be subject to review and refinement.

Page 4

Operational Performance Data

2. Cross Border Volume

The table below represents cross border volume growth for cards carrying the Visa, Visa Electron,
Interlink and PLUS brands. Cross border volume refers to payments and cash volume where the
issuing country is different from the merchant country.
Growth
(Nominal
USD)

Growth
(Constant
USD)

3 Months Ended
Mar 31, 2013
Dec 31, 2012
Sep 30, 2012
Jun 30, 2012
Mar 31, 2012

10%
11%
7%
10%
15%

10%
11%
10%
14%
16%

12 Months Ended
Mar 31, 2013
Mar 31, 2012

9%
16%

11%
15%

Period

3. Visa Processed Transactions

The table below represents transactions involving Visa, Visa Electron, Interlink and PLUS cards
processed on Visas networks. CyberSource transactions are not included in this table, and are reported
in the next section.

Period

Processed
Transactions
(millions)

Growth

3 Months Ended
Mar 31, 2013
Dec 31, 2012
Sep 30, 2012
Jun 30, 2012
Mar 31, 2012

13,850
14,159
13,573
13,113
13,038

6%
4%
2%
1%
8%

12 Months Ended
Mar 31, 2013
Mar 31, 2012

54,695
52,939

3%
9%

Page 5

Operational Performance Data

4. CyberSource Transactions
The table below represents billable transactions processed on Visa Inc.s CyberSource network.

Period

Billable
Transactions
(millions)

Growth

3 Months Ended
Mar 31, 2013
Dec 31, 2012
Sep 30, 2012
Jun 30, 2012
Mar 31, 2012

1,608
1,581
1,363
1,303
1,281

25%
28%
25%
25%
26%

12 Months Ended
Mar 31, 2013
Mar 31, 2012

5,854
4,649

26%
29%

Page 6