#1VISA Fiscal Second Quarter 2022 Financial Results April 26, 2022 Ⓒ2022 Visa. All rights reserved.#2Fiscal Second Quarter 2022 Results YOY Increase/ (Decrease) GAAP Nominal-Dollar Basis Non-GAAP Nominal-Dollar Basis(1) Foreign Currency Impact Acquisition Impact Adjusted Constant-Dollar Basis(¹) VISA Net Revenues 25% Fiscal Second Quarter 2022 Financial Results N/A ~1% (-0.5%) 26% Client Incentives as a % of Gross Revenues 25.8% N/A 0% 25.8% Operating Expenses 11% 16% -3% (-1.5%) 17% Effective Income Tax Rate 19.7% 19.6% 0% 19.6% Diluted Class A Common Stock Earnings Per Share 23% 30% -0% ~0% (1) Refer to Non-GAAP and Adjusted Constant-Dollar Results Footnote and GAAP to Non-GAAP Operating Expenses Results for further information. 30% Ⓒ2022 Visa. All rights reserved. 1#3Non-GAAP and Adjusted Constant-Dollar Results Footnote We use non-GAAP and adjusted constant-dollar financial measures of our performance which exclude certain items which we believe are not representative of our continuing operations, as they may be non-recurring or have no cash impact, and may distort our longer-term operating trends. We consider non-GAAP and adjusted constant-dollar measures useful to investors because they provide greater ransparency into management's view and assessment of our ongoing operating performance. Non-GAAP and adjusted constant-dollar financial measures should not be relied upon as substitutes for, or considered in isolation from, measures calculated in accordance with GAAP. We exclude the following to arrive at our adjusted constant-dollar financial results: impact of non-GAAP items (refer to the financial tables in the earnings release for further details); impact of foreign currency to provide currency-neutral growth rates which management believes are a better reflection of the underlying performance of our business. Our results are denominated in U.S. dollars and are calculated each quarter by applying an established U.S. dollar/foreign currency exchange rate for each local currency. To eliminate the impact of foreign currency fluctuations against the U.S. dollar in measuring financial performance, Visa Inc. reports year-over-year growth using a fixed current year U.S. dollar/foreign currency exchange rate for the current and prior year periods; and impact of acquisitions, which include 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, which management believes enhances the comparability of our results. These amounts will be adjusted until we lap the quarter that the entity was acquired in, at which time there will be comparable results within each reported period. ● VISA Fiscal Second Quarter 2022 Financial Results Ⓒ2022 Visa. All rights reserved. 2#4#5#6#7Operational Performance Metrics Monthly Growth 60% 50% 40% 30% 20% 10% 0% 2021 2022 Processed Transactions Growth Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Note: February growth rate would have been 2% 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 Second Quarter 2022 Financial Results VISA Feb Mar Apr 1-21 Ⓒ2022 Visa. All rights reserved. 6#8#9#10#11#12#13#14#15#16#17#18#19#20#21