The tables below provide information regarding the available operational results for the 3 months ended September 30, 2017, as well as the prior four quarterly reporting periods and the 12 months ended September 30, 2017 and 2016, for cards carrying the Visa, Visa Electron, V PAY and Interlink brands. Sections 1-3 below reflect the acquisition of Visa Europe, with Europe included in Visa Inc. results effective the 3 months ended September 30, 2016. 1. Branded and The 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, 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, 2017 Accounts Asia Pacific $557 4.0% 4.2% $441 8.5% 9.3% 6,126 $117 (9.9%) (11.4%) 886 3 4 Canada 69 11.7% 7.0% 64 12.2% 7.5% 841 5 6.5% 2.0% 11 - - CEMEA 263 10.7% 7.5% 85 24.3% 19.6% 3,446 178 5.2% 2.5% 1,256 3 3 LAC 254 7.5% 6.8% 102 11.6% 11.9% 3,033 152 4.9% 3.7% 1,149 2 2 US 977 8.2% 8.2% 836 8.9% 8.9% 15,997 141 4.3% 4.3% 1,008 4 4 Europe 555 9.3% 8.0% 402 11.6% 10.1% 8,248 152 3.5% 3.0% 1,100 18 22 Visa Inc. 2,675 7.8% 7.1% 1,930 10.2% 9.8% 37,690 745 2.0% 0.7% 5,410 29 35 US $463 9.1% 9.1% $449 9.7% 9.7% 5,649 $14 (7.0%) (7.0%) 17 - - International 700 6.8% 6.7% 646 7.5% 7.7% 9,127 54 (1.3%) (3.7%) 231 928 1,088 Visa Inc. 1,162 7.7% 7.7% 1,095 8.4% 8.5% 14,775 68 (2.6%) (4.4%) 248 928 1,088 US $515 7.5% 7.5% $388 8.0% 8.0% 10,348 $127 5.7% 5.7% 991 - - International 998 8.1% 6.2% 447 17.1% 14.7% 12,566 550 1.7% 0.2% 4,171 1,930 2,128 Visa Inc. 1,512 7.9% 6.7% 835 12.7% 11.5% 22,915 677 2.4% 1.2% 5,162 1,930 2,128 For the 3 Months Ended June 30, 2017 Accounts Asia Pacific $532 0.1% 1.9% $414 5.2% 7.6% 5,912 $118 (14.2%) (14.1%) 867 835 943 Canada 64 3.5% 7.6% 59 3.8% 7.9% 818 5 0.2% 4.2% 11 50 57 CEMEA 261 12.2% 7.6% 81 26.5% 19.6% 3,244 181 6.9% 3.0% 1,288 342 330 LAC 248 10.9% 8.1% 99 16.3% 13.4% 2,919 148 7.5% 4.9% 1,161 425 458 US 981 11.1% 11.1% 840 12.1% 12.1% 15,938 141 5.6% 5.6% 1,003 701 867 Europe 511 372 7,951 140 1,098 481 533 Visa Inc. 2,598 34.4% 34.1% 1,864 38.2% 38.8% 36,783 734 25.6% 23.6% 5,428 2,836 3,188 US $460 18.0% 18.0% $446 18.9% 18.9% 5,522 $14 (3.9%) (3.9%) 16 261 337 International 658 28.3% 30.4% 607 27.5% 29.8% 8,796 51 39.6% 38.1% 233 659 732 Visa Inc. 1,119 23.9% 25.0% 1,053 23.7% 24.9% 14,318 65 27.1% 26.1% 250 920 1,069 US $521 5.6% 5.6% $393 5.3% 5.3% 10,416 $127 6.8% 6.8% 986 440 530 International 959 78.6% 74.6% 417 238.3% 229.7% 12,049 541 30.9% 28.1% 4,192 1,476 1,588 Visa Inc. 1,479 43.7% 42.0% 811 63.1% 62.1% 22,465 668 25.5% 23.4% 5,178 1,916 2,118
For the 3 Months Ended March 31, 2017 Accounts Asia Pacific $517 1.1% 2.2% $400 6.3% 7.6% 5,575 $117 (13.4%) (12.8%) 857 817 924 Canada 58 13.3% 8.9% 53 14.0% 9.6% 723 5 5.9% 1.8% 10 49 55 CEMEA 236 15.2% 6.9% 73 28.5% 16.7% 2,907 163 10.1% 3.0% 1,213 341 331 LAC 240 17.9% 11.3% 96 21.4% 13.4% 3,021 144 15.7% 9.9% 1,142 419 455 US 908 10.4% 10.4% 776 11.8% 11.8% 14,588 133 3.0% 3.0% 931 711 859 Europe 461 339 7,271 123 1,005 481 533 Visa Inc. 2,420 35.0% 33.2% 1,736 38.6% 37.7% 34,085 684 26.5% 22.9% 5,158 2,819 3,156 US $418 20.0% 20.0% $404 20.8% 20.8% 4,857 $14 0.4% 0.4% 16 274 334 International 622 31.0% 29.9% 575 29.1% 28.5% 8,374 48 59.5% 50.6% 222 651 726 Visa Inc. 1,040 26.3% 25.7% 978 25.5% 25.2% 13,231 62 40.3% 34.9% 238 925 1,060 US $490 3.4% 3.4% $372 3.4% 3.4% 9,731 $118 3.4% 3.4% 915 437 525 International 889 79.6% 72.4% 386 240.6% 222.4% 11,123 504 31.9% 27.2% 4,006 1,457 1,571 Visa Inc. 1,380 42.3% 39.4% 757 60.2% 58.1% 20,854 622 25.3% 21.8% 4,921 1,894 2,096 For the 3 Months Ended December 31, 2016 Accounts Asia Pacific $538 2.8% 3.7% $419 8.2% 9.4% 5,662 $119 (12.6%) (12.5%) 920 802 908 Canada 63 5.6% 5.2% 58 5.8% 5.4% 779 5 3.5% 3.1% 10 49 56 CEMEA 246 7.8% 8.7% 72 19.8% 19.9% 2,823 174 3.5% 4.7% 1,302 334 322 LAC 250 5.5% 8.6% 98 9.5% 11.9% 3,155 152 3.1% 6.6% 1,215 418 453 US 938 11.4% 11.4% 804 12.6% 12.6% 15,346 134 4.5% 4.5% 936 718 862 Europe 491 356 7,690 136 1,086 476 531 Visa Inc. 2,525 33.7% 34.6% 1,806 38.4% 39.1% 35,455 719 23.1% 24.5% 5,469 2,798 3,132 US $444 19.6% 19.6% $430 20.4% 20.4% 5,349 $14 0.0% 0.0% 16 282 335 International 648 28.5% 29.9% 598 27.2% 28.6% 8,706 50 46.7% 47.4% 243 653 728 Visa Inc. 1,093 24.7% 25.5% 1,028 24.2% 25.0% 14,055 64 32.9% 33.3% 259 935 1,063 US $493 4.9% 4.9% $374 4.9% 4.9% 9,997 $119 5.1% 5.1% 919 437 527 International 939 72.9% 75.4% 404 234.0% 236.7% 11,403 535 26.8% 28.8% 4,291 1,426 1,543 Visa Inc. 1,433 41.4% 42.5% 778 62.9% 63.3% 21,400 655 22.2% 23.7% 5,210 1,863 2,070 For the 3 Months Ended September 30, 2016 Accounts Asia Pacific $536 5.1% 3.9% $406 9.4% 7.8% 5,244 $129 (6.4%) (6.6%) 997 786 891 Canada 62 5.9% 5.8% 57 5.9% 5.7% 763 5 6.3% 6.2% 12 48 56 CEMEA 237 2.4% 7.6% 68 11.9% 16.9% 2,583 169 (1.0%) 4.2% 1,242 329 318 LAC 236 3.7% 9.7% 91 7.2% 12.7% 2,995 145 1.6% 7.9% 1,165 408 444 US 903 9.9% 9.9% 768 10.8% 10.8% 14,925 135 5.1% 5.1% 957 697 835 Europe 507 360 7,193 147 1,107 470 532 Visa Inc. 2,482 34.2% 35.7% 1,751 38.5% 39.0% 33,703 731 24.9% 28.3% 5,479 2,738 3,076 US $424 18.3% 18.3% $409 18.8% 18.8% 5,122 $15 6.2% 6.2% 18 276 329 International 655 33.4% 33.2% 601 31.8% 31.3% 8,452 54 54.3% 57.9% 262 655 731 Visa Inc. 1,079 27.0% 26.9% 1,010 26.2% 25.9% 13,574 70 40.4% 43.0% 280 931 1,060 US $479 3.5% 3.5% $359 3.0% 3.0% 9,803 $120 5.0% 5.0% 939 421 506 International 923 72.1% 78.1% 382 230.9% 239.9% 10,326 541 28.5% 33.0% 4,260 1,386 1,510 Visa Inc. 1,402 40.3% 43.2% 741 59.7% 61.7% 20,129 661 23.5% 26.9% 5,199 1,807 2,016 Page 2
For the 12 Months Ended September 30, 2017 Accounts Asia Pacific $2,144 2.0% 3.0% $1,673 7.1% 8.5% 23,274 $471 (12.6%) (12.7%) 3,531 3 4 Canada 254 8.3% 7.1% 234 8.7% 7.5% 3,162 20 4.0% 2.8% 42 - - CEMEA 1,006 11.4% 7.7% 310 24.7% 19.0% 12,419 695 6.3% 3.3% 5,060 3 3 LAC 991 10.2% 8.7% 395 14.5% 12.6% 12,128 596 7.5% 6.2% 4,667 2 2 US 3,805 10.3% 10.3% 3,255 11.3% 11.3% 61,869 549 4.4% 4.4% 3,877 4 4 Europe (1) 2,019 1,468 31,161 551 4,289 1,457 1,618 Visa Inc. 10,218 26.2% 25.7% 7,336 29.7% 29.6% 144,013 2,882 18.1% 16.8% 21,465 1,467 1,631 US $1,786 16.4% 16.4% $1,729 17.1% 17.1% 21,376 $57 (2.7%) (2.7%) 65 - - International 2,628 22.4% 22.9% 2,426 21.8% 22.5% 35,002 202 30.6% 27.8% 929 928 1,088 Visa Inc. 4,414 19.9% 20.2% 4,155 19.8% 20.2% 56,379 259 21.5% 19.6% 994 928 1,088 US $2,019 5.4% 5.4% $1,527 5.4% 5.4% 40,493 $492 5.3% 5.3% 3,812 - - International 3,785 51.5% 49.0% 1,654 123.7% 118.7% 47,141 2,131 21.1% 19.5% 16,659 1,930 2,128 Visa Inc. 5,804 31.5% 30.3% 3,181 45.4% 44.3% 87,634 2,623 17.8% 16.5% 20,471 1,930 2,128 (1) Europe payments volume growth was 10% Constant USD and 2% Nominal USD when including Europe in the prior periods before the Visa Inc. acquisition For the 12 Months Ended September 30, 2016 Accounts Asia Pacific $2,102 3.8% 7.4% $1,563 8.7% 11.7% 19,945 $539 (8.2%) (3.0%) 4,031 786 891 Canada 234 (2.5%) 5.7% 215 (2.7%) 5.5% 2,886 19 (0.2%) 7.9% 45 48 56 CEMEA 903 (4.4%) 8.3% 249 3.5% 16.6% 9,282 654 (7.1%) 5.5% 4,894 329 318 LAC 900 (9.4%) 9.0% 345 (8.0%) 12.6% 11,573 555 (10.2%) 6.8% 4,545 408 444 US 3,450 9.5% 9.5% 2,924 10.2% 10.1% 57,197 526 6.0% 6.0% 3,797 697 835 Europe (2) 507 360 7,193 147 1,107 470 532 Visa Inc. 8,096 10.1% 15.9% 5,656 14.7% 18.5% 108,076 2,440 0.6% 10.4% 18,419 2,738 3,076 US $1,535 12.3% 12.2% $1,476 12.4% 12.4% 18,159 $59 8.4% 8.4% 68 276 329 International 2,147 9.8% 16.8% 1,992 10.4% 17.0% 27,843 155 3.1% 15.0% 742 655 731 Visa Inc. 3,682 10.8% 14.9% 3,468 11.2% 15.0% 46,002 214 4.5% 13.1% 810 931 1,060 US $1,916 7.4% 7.4% $1,448 7.9% 7.9% 39,038 $467 5.7% 5.7% 3,730 421 506 International 2,499 11.2% 25.1% 740 57.5% 76.2% 23,035 1,759 (1.1%) 11.4% 13,880 1,386 1,510 Visa Inc. 4,414 9.5% 16.8% 2,188 20.8% 24.5% 62,073 2,226 0.3% 10.2% 17,609 1,807 2,016 (2) Europe includes volumes and transactions for the 3 months ended September 30, 2016 only Page 3
2. Cross-Border The table below represents cross-border volume growth for cards 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. Period (1) Normalized (2) 3 Months Ended September 30, 2017 12% 10% NA June 30, 2017 142% 147% 11% March 31, 2017 129% 132% 11% December 31, 2016 135% 140% 12% September 30, 2016 146% 149% 10% 12 Months Ended September 30, 2017 79% 80% 11% (1) Europe is included as part of Visa Inc. effective with the 3 months ended September 30, 2016. (2) Europe volumes and transactions were first included as part of Visa Inc. starting in the quarter ended September 30, 2016. Normalized includes Europe activity in prior year periods before Visa Inc. acquired Visa Europe. 3. Visa Processed The table below represents transactions involving Visa, Visa Electron, V PAY, Interlink and PLUS cards processed on Visa s networks. Period (1) Processed Normalized (2) 3 Months Ended September 30, 2017 29,180 13% NA June 30, 2017 28,450 44% 13% March 31, 2017 26,256 42% 12% December 31, 2016 27,329 44% 13% September 30, 2016 25,921 41% 12% 12 Months Ended September 30, 2017 111,215 34% 13% (1) Europe is included as part of Visa Inc. effective with the 3 months ended September 30, 2016. (2) Europe volumes and transactions were first included as part of Visa Inc. starting in the quarter ended September 30, 2016. Normalized includes Europe activity in prior year periods before Visa Inc. acquired Visa Europe. Page 4
Footnote volume represents the aggregate dollar amount of purchases made with cards carrying the Visa, Visa Electron, V PAY 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. 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 results reported quarterly 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. Europe is reported and included in Visa Inc. results effective with the 3 months ended September 2016. 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. Effective June 9, 2016, Article 8 of the EU Interchange Fee Regulation states that payment card networks cannot impose reporting requirements or the obligation to pay fees on payment transactions where their payment brand is present but their network is not used. Prior to this regulation, Visa collected a small service fee in a few countries, particularly France, on domestic payment transactions where Visa cards are co-badged with a domestic network. Clients in Europe continued to report co-badged volume through the quarter ended September 2016; however, Europe co-badged volume and transactions have been excluded from all periods. Page 5