Operational Performance Data

The tables below provide information regarding the available operational results for the 3 months ended March 31, 2024, as well as the prior four quarterly reporting periods and the 12 months ended March 31, 2024 and 2023, 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, 2024

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

$579

(2.6%)

2.2%

$501

(2.5%)

2.7%

10,943

$78

(3.7%)

(1.2%)

761

Canada

102

6.2%

5.5%

95

5.7%

5.1%

1,459

7

12.4%

11.8%

12

CEMEA

301

9.3%

13.3%

182

14.5%

19.4%

5,735

119

2.3%

5.1%

809

LAC

346

8.5%

11.9%

213

12.5%

19.2%

8,201

133

2.7%

1.9%

1,156

US

1,709

5.6%

5.6%

1,561

6.2%

6.2%

24,715

148

(0.2%)

(0.2%)

745

Europe

743

13.2%

12.9%

620

14.7%

13.9%

16,870

123

6.1%

8.4%

677

Visa Inc.

3,780

6.2%

7.5%

3,173

7.1%

8.5%

67,922

607

1.8%

2.9%

4,159

Visa Credit Programs

US

$761

6.2%

6.2%

$749

6.3%

6.3%

8,258

$12

1.5%

1.5%

16

International

864

4.5%

9.4%

820

4.6%

9.5%

16,246

44

3.1%

6.9%

177

Visa Inc.

1,625

5.3%

7.9%

1,569

5.4%

7.9%

24,504

57

2.8%

5.7%

194

Visa Debit Programs

US

$948

5.1%

5.1%

$812

6.1%

6.1%

16,457

$136

(0.4%)

(0.4%)

729

International

1,206

8.3%

9.1%

792

11.7%

12.2%

26,960

415

2.4%

3.7%

3,237

Visa Inc.

2,155

6.9%

7.3%

1,604

8.8%

9.0%

43,418

551

1.7%

2.6%

3,965

For the 3 Months Ended December 31, 2023

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

$606

3.3%

4.1%

$525

3.9%

4.9%

11,311

$81

(0.7%)

(0.9%)

791

1,111

1,189

Canada

110

6.0%

5.5%

103

5.8%

5.3%

1,565

7

9.0%

8.5%

11

84

90

CEMEA

305

9.5%

12.9%

182

17.2%

20.3%

5,802

123

(0.2%)

3.3%

859

345

370

LAC

373

12.6%

12.6%

230

18.2%

20.4%

8,661

143

4.7%

2.1%

1,160

669

774

US

1,752

4.8%

4.8%

1,603

5.3%

5.3%

25,655

150

(0.6%)

(0.6%)

762

1,123

1,352

Europe

767

15.5%

12.2%

637

16.7%

13.1%

17,411

131

9.8%

7.7%

723

592

658

Visa Inc.

3,914

7.6%

7.4%

3,280

8.6%

8.4%

70,406

634

2.7%

2.4%

4,307

3,923

4,434

Visa Credit Programs

US

$800

5.6%

5.6%

$789

5.8%

5.8%

8,855

$11

(5.0%)

(5.0%)

14

316

408

International

900

8.9%

10.3%

855

9.2%

10.6%

16,702

45

4.7%

4.7%

187

778

896

Visa Inc.

1,700

7.3%

8.0%

1,644

7.5%

8.2%

25,557

56

2.6%

2.7%

202

1,095

1,305

Visa Debit Programs

US

$953

4.1%

4.1%

$814

4.8%

4.8%

16,800

$139

(0.3%)

(0.3%)

748

807

944

International

1,261

10.8%

9.1%

822

15.0%

12.5%

28,049

439

3.7%

3.3%

3,358

2,022

2,186

Visa Inc.

2,213

7.8%

6.9%

1,636

9.7%

8.6%

44,849

578

2.7%

2.4%

4,105

2,829

3,129

1

For the 3 Months Ended September 30, 2023

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

$586

0.3%

3.3%

$507

0.7%

4.0%

11,044

$78

(2.1%)

(0.9%)

789

1,097

1,171

Canada

108

3.8%

6.9%

101

3.6%

6.7%

1,538

7

5.8%

8.9%

11

81

88

CEMEA

294

11.6%

15.4%

175

21.8%

25.0%

5,496

119

(0.6%)

3.7%

849

332

357

LAC

352

15.5%

12.5%

213

20.7%

19.7%

7,966

138

8.3%

2.9%

1,134

649

755

US

1,724

5.5%

5.5%

1,569

6.1%

6.1%

25,340

155

(0.4%)

(0.4%)

798

1,104

1,313

Europe

769

18.7%

12.7%

637

19.9%

13.6%

17,196

132

13.2%

8.8%

741

583

650

Visa Inc.

3,832

8.3%

7.9%

3,202

9.2%

8.9%

68,580

630

3.8%

2.9%

4,323

3,847

4,333

Visa Credit Programs

US

$779

5.3%

5.3%

$767

5.5%

5.5%

8,655

$11

(10.3%)

(10.3%)

14

311

399

International

875

8.2%

10.4%

831

8.3%

10.6%

16,291

45

7.4%

6.9%

189

774

892

Visa Inc.

1,654

6.8%

8.0%

1,598

6.9%

8.1%

24,946

56

3.3%

2.9%

203

1,085

1,290

Visa Debit Programs

US

$945

5.6%

5.6%

$802

6.6%

6.6%

16,685

$143

0.5%

0.5%

784

793

914

International

1,232

12.6%

9.6%

802

17.1%

13.0%

26,949

430

5.1%

3.8%

3,336

1,970

2,129

Visa Inc.

2,177

9.5%

7.8%

1,604

11.6%

9.7%

43,634

573

3.9%

3.0%

4,120

2,762

3,043

For the 3 Months Ended June 30, 2023

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

$596

2.0%

6.2%

$516

3.1%

7.6%

10,656

$80

(5.0%)

(2.1%)

782

1,082

1,154

Canada

108

2.2%

6.0%

101

2.2%

6.1%

1,487

7

1.5%

5.3%

11

83

89

CEMEA

292

14.2%

20.5%

168

25.3%

30.9%

5,200

124

1.9%

8.8%

872

328

350

LAC

342

13.3%

13.5%

206

19.4%

21.2%

7,544

136

5.3%

3.5%

1,119

638

739

US

1,728

5.0%

5.0%

1,573

5.6%

5.6%

25,025

155

(0.9%)

(0.9%)

796

1,086

1,289

Europe

740

12.3%

11.2%

608

11.4%

10.3%

16,366

132

16.8%

15.3%

756

575

640

Visa Inc.

3,806

7.1%

8.2%

3,171

7.9%

8.9%

66,278

635

3.7%

4.9%

4,336

3,792

4,261

Visa Credit Programs

US

$778

5.2%

5.2%

$767

5.3%

5.3%

8,429

$11

1.3%

1.3%

16

303

389

International

872

8.7%

12.7%

826

8.6%

12.7%

15,518

46

10.8%

12.9%

187

766

884

Visa Inc.

1,650

7.0%

9.0%

1,593

7.0%

9.0%

23,947

57

8.8%

10.4%

203

1,069

1,273

Visa Debit Programs

US

$949

4.8%

4.8%

$806

5.9%

5.9%

16,595

$143

(1.1%)

(1.1%)

780

783

899

International

1,207

9.2%

9.8%

773

11.9%

11.9%

25,735

434

4.7%

6.3%

3,353

1,940

2,088

Visa Inc.

2,156

7.2%

7.6%

1,578

8.8%

8.8%

42,331

577

3.2%

4.4%

4,133

2,723

2,988

For the 3 Months Ended March 31, 2023

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

$594

0.6%

8.8%

$513

1.6%

9.9%

9,997

$81

(5.6%)

2.1%

791

1,071

1,143

Canada

96

6.6%

14.3%

90

7.0%

14.7%

1,338

6

1.1%

8.4%

11

83

89

CEMEA

275

(11.6%)

(11.0%)

159

(7.6%)

(9.6%)

4,850

116

(16.6%)

(12.8%)

823

315

336

LAC

319

15.3%

15.0%

190

22.1%

22.3%

7,176

130

6.5%

6.3%

1,110

625

723

US

1,619

9.4%

9.4%

1,471

10.0%

10.0%

23,190

148

3.4%

3.4%

757

1,084

1,280

Europe

656

3.8%

11.6%

541

3.2%

11.3%

14,695

116

6.7%

13.6%

679

568

635

Visa Inc.

3,560

5.3%

8.4%

2,963

6.7%

9.8%

61,246

597

(1.3%)

2.0%

4,172

3,746

4,206

Visa Credit Programs

US

$717

10.6%

10.6%

$705

10.5%

10.5%

7,675

$12

19.1%

19.1%

17

304

380

International

827

7.1%

14.3%

784

7.1%

14.3%

14,255

43

7.9%

12.8%

176

763

882

Visa Inc.

1,543

8.7%

12.5%

1,488

8.7%

12.4%

21,930

55

10.1%

14.2%

193

1,067

1,262

Visa Debit Programs

US

$902

8.4%

8.4%

$766

9.6%

9.6%

15,514

$136

2.2%

2.2%

741

780

900

International

1,114

(1.4%)

3.3%

709

(0.0%)

4.9%

23,802

405

(3.7%)

0.5%

3,238

1,899

2,045

Visa Inc.

2,016

2.8%

5.5%

1,475

4.7%

7.3%

39,316

541

(2.3%)

1.0%

3,979

2,679

2,945

2

For the 12 Months Ended March 31, 2024

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

$2,366

0.7%

3.9%

$2,049

1.3%

4.8%

43,954

$317

(2.9%)

(1.3%)

3,123

Canada

428

4.5%

6.0%

400

4.3%

5.8%

6,049

28

7.1%

8.6%

45

CEMEA

1,192

11.1%

15.4%

707

19.4%

23.6%

22,232

485

0.8%

5.2%

3,389

LAC

1,413

12.4%

12.6%

862

17.6%

20.1%

32,373

551

5.2%

2.6%

4,570

US

6,913

5.2%

5.2%

6,306

5.8%

5.8%

100,735

607

(0.5%)

(0.5%)

3,101

Europe

3,019

14.9%

12.3%

2,502

15.7%

12.7%

67,843

518

11.4%

10.0%

2,898

Visa Inc.

15,331

7.3%

7.7%

12,826

8.2%

8.7%

273,186

2,505

3.0%

3.3%

17,125

Visa Credit Programs

US

$3,118

5.6%

5.6%

$3,072

5.7%

5.7%

34,197

$46

(3.3%)

(3.3%)

61

International

3,512

7.6%

10.7%

3,332

7.7%

10.8%

64,758

180

6.5%

7.8%

741

Visa Inc.

6,630

6.6%

8.2%

6,404

6.7%

8.3%

98,955

226

4.3%

5.3%

801

Visa Debit Programs

US

$3,795

4.9%

4.9%

$3,234

5.9%

5.9%

66,538

$561

(0.3%)

(0.3%)

3,040

International

4,906

10.2%

9.4%

3,188

13.9%

12.4%

107,693

1,718

4.0%

4.3%

13,283

Visa Inc.

8,701

7.8%

7.4%

6,422

9.7%

9.0%

174,231

2,279

2.9%

3.1%

16,324

For the 12 Months Ended March 31, 2023

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

$2,349

0.1%

10.0%

$2,023

1.0%

11.2%

40,645

$327

(5.2%)

3.5%

3,187

1,071

1,143

Canada

409

9.6%

15.9%

383

10.0%

16.4%

5,534

26

3.5%

9.4%

42

83

89

CEMEA

1,073

(21.5%)

(21.7%)

592

(19.7%)

(21.5%)

17,571

481

(23.7%)

(22.0%)

3,430

315

336

LAC

1,257

16.8%

17.9%

733

25.7%

27.3%

28,154

524

6.2%

7.4%

4,530

625

723

US

6,572

8.9%

8.9%

5,961

10.6%

10.6%

94,157

610

(5.1%)

(5.1%)

3,193

1,084

1,280

Europe

2,627

(0.9%)

12.1%

2,163

(1.2%)

11.4%

60,331

465

0.4%

15.1%

2,896

568

635

Visa Inc.

14,287

3.2%

7.5%

11,856

5.4%

9.7%

246,392

2,432

(6.4%)

(2.0%)

17,278

3,746

4,206

Visa Credit Programs

US

$2,954

14.5%

14.5%

$2,906

14.4%

14.4%

31,928

$48

20.7%

20.7%

66

304

380

International

3,264

5.6%

14.8%

3,095

5.9%

15.1%

57,568

169

0.7%

8.9%

716

763

882

Visa Inc.

6,218

9.6%

14.6%

6,001

9.8%

14.8%

89,495

217

4.5%

11.3%

783

1,067

1,262

Visa Debit Programs

US

$3,618

4.8%

4.8%

$3,055

7.2%

7.2%

62,229

$563

(6.8%)

(6.8%)

3,127

780

900

International

4,451

(5.7%)

1.1%

2,799

(4.7%)

2.9%

94,667

1,652

(7.5%)

(1.9%)

13,368

1,899

2,045

Visa Inc.

8,070

(1.3%)

2.7%

5,855

1.2%

5.1%

156,896

2,215

(7.3%)

(3.2%)

16,496

2,679

2,945

3

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, 2024

17%

16%

16%

Dec 31, 2023

20%

16%

16%

Sep 30, 2023

21%

16%

18%

Jun 30, 2023

18%

17%

22%

Mar 31, 2023

19%

24%

32%

12 Months Ended

Mar 31, 2024

19%

16%

18%

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

3. Visa Processed Transactions

The table below includes payments and cash transactions, and represent 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, 2024

55,456

11%

Dec 31, 2023

57,472

9%

Sep 30, 2023

55,963

10%

Jun 30, 2023

54,034

10%

Mar 31, 2023

50,069

12%

12 Months Ended

Mar 31, 2024

222,926

10%

4

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. Due to Visa's suspension of operations in Russia in March 2022, the data no longer includes volumes and transactions for Russia clients starting the three months ended June 30, 2022 and accounts and cards starting the three months ended March 31, 2022.

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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Visa Inc. published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 20:44:40 UTC.