#1Visa Inc. Fiscal Fourth Quarter 2021 Financial Results October 26, 2021 VISA#2Fiscal Fourth Quarter 2021 Results YOY Increase/ (Decrease) GAAP Nominal-Dollar Basis Non-GAAP Nominal-Dollar Basis (1) Net Revenues * 29%* (~0.5%) ~0% 28% Client Incentives as a % of Gross Revenues 26.7% Note: Refer to Non-GAAP and Adjusted Constant-Dollar Results Footnote for further information. 1 Fiscal Fourth Quarter 2021 Financial Results 0% Operating Expenses 15% Foreign Currency Impact Acquisition Impact Adjusted Constant-Dollar Basis (2) Had we recognized service revenues on current quarter's payments volume and other revenue components remained unchanged, net revenues would have increased approximately 22%. 26.7% 15% ~0.5% ~0% Effective Income Tax Rate 15% 16.6% 16.5% 0% Diluted Class A Common Stock Earnings Per Share 70% 16.5% 44% (~0.5%) ~0% 44% (1) Non-GAAP results exclude special items, equity investment gains and losses, amortization of acquired intangible assets for acquisitions in fiscal year 2019 and subsequent periods, non-recurring acquisition-related costs and the related tax impacts. (2) Adjusted financial results are on a constant-dollar basis and exclude the impact of the non-GAAP items and operating revenues and expenses of the acquired entities that were not in the entire quarter of the previous year and the incremental interest expense or forgone interest income as a result of funding the acquisition through debt or cash, respectively. ©2021 Visa. All rights reserved. VISA#3#4Fiscal Fourth Quarter 2021 Results Indexed to 2019, fiscal fourth quarter payments volume, cross-border volume and processed transactions all increased from fiscal third quarter levels Returned $3.7B of capital to shareholders in the form of share repurchases and dividends The board of directors increased Visa's quarterly cash dividend 17% to $0.375 per share ● ● Income Statement Summary In billions, except percentages and per share data. % change is calculated over the comparable prior-year period. 3 Key Business Drivers YoY increase / (decrease), volume in constant dollars Payments Volume Cross-Border Volume Excluding Intra-Europe(1) Cross-Border Volume Total Processed Transactions (1) Cross-border volume excluding transactions within Europe. USD $6.6 $3.6 $1.65 $3.5 $1.62 Net Revenues GAAP Net Income GAAP Earnings Per Share Non-GAAP Net Income(1) Non-GAAP Earnings Per Share(1) (1) Non-GAAP results exclude special items, equity investment gains and losses, amortization of acquired intangible assets, non-recurring acquisition-related costs and the related tax impacts. Fiscal Fourth Quarter 2021 Financial Results Q4 2021 % Change 29% 68% 70% 42% 44% Q4 2021 17% 46% 38% 21% ©2021 Visa. All rights reserved. VISA#5Operational Performance Metrics Monthly Growth 2021 U.S. Payments Volume Growth 100% 80% 60% 4 40% 20% 0% (20%) Jan Feb Total Credit Mar Apr May Jun Debit Jul Aug Sep Oct 1-21 100% 80% 60% 40% 20% 0% (20%) Note: February growth rate for total U.S. payments volume would have been 9% in 2021 if the impact of February 29, 2020 was excluded. Results are calculated over the comparable prior-year period. Refer to Operational Performance Data footnote for further information on these metrics. Fiscal Fourth Quarter 2021 Financial Results Jan Total Feb Card Present Mar Apr Card Not Present May Jun Jul Card Not Present, Excluding Travel Aug Sep Oct 1-21 ©2021 Visa. All rights reserved. VISA#6#7#8#9#10#11#12#13#14#15#16#17#18#19#20