#1VISA Fiscal First Quarter 2023 Financial Results January 26, 2023 ©2023 Visa. All rights reserved.#2Fiscal First Quarter 2023 Results (¹) YOY Increase / (Decrease) GAAP Nominal-Dollar Basis Non-GAAP Nominal-Dollar Basis(²) Foreign Currency Impact Acquisition Impact Adjusted Constant-Dollar Basis (2) Adjusted Constant-Dollar Basis excluding Russia-Related Results s(2) VISA Net Revenues 12.4% Fiscal First Quarter 2023 Financial Results N/A ~3.0% (-0.5%) 14.7% 19.2% Client Incentives as a % of Gross Revenues 26.0% N/A 0.1% 26.1% 26.1% Operating Expenses 24.7% 15.3% -1.5% (-3.0%) 14.1% 17.4% Effective Income Tax Rate 16.0% 16.5% 0.0% 16.5% 16.5% Diluted Class A Common Stock Earnings Per Share 8.4% 20.6% -3.5% ~1.0% 25.0% (1) As previously disclosed, in March 2022, we suspended our operations in Russia and therefore our financial highlights from April 2022 through December 2022 do not include Russia-related results. (2) Refer to the Non-GAAP and Adjusted Constant-Dollar Results Footnote for further information. 30.6% Ⓒ2023 Visa. All rights reserved. 1#3Fiscal First Quarter 2023 Results and Other Highlights Payments volume and processed transaction growth remained stable while cross-border travel continued to recover Returned $4.0B of capital to shareholders in the form of share repurchases and dividends ● Income Statement Summary In billions, except percentages and per share data. % change is calculated over the comparable prior-year period. Net Revenues GAAP Net Income GAAP Earnings Per Share Non-GAAP Net Income(¹) Non-GAAP Earnings Per Share(¹) (1) Refer to the Non-GAAP and Adjusted Constant-Dollar Results Footnote for further details. Key Business Drivers YoY increase / (decrease), volume in constant dollars Payments Volume Cross-Border Volume Excluding Intra-Europe (²) Cross-Border Volume Total Processed Transactions (2) Cross-border volume excluding transactions within Europe. VISA Fiscal First Quarter 2023 Financial Results USD $7.9 $4.2 $1.99 $4.6 $2.18 Q1 2023 Q1 2023 7% 31% 22% 10% % Change 12% 6% 8% 17% 21% Ⓒ2023 Visa. All rights reserved. 2#4#530% 20% 10% 0% Operational Performance Metrics Monthly Growth Total Credit Debit Fiscal First Quarter 2023 Financial Results 2022 2023 U.S. Payments Volume Growth Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 1-21 30% 20% 10% 0% Total Card Present Jan Feb Mar Note: Results are calculated over the comparable prior-year period. Refer to Operational Performance Data footnote for further information on these metrics. VISA Apr Card Not Present May Jun Jul Card Not Present, Excluding Travel Aug Sep Oct Nov Dec Jan 1-21 Ⓒ2023 Visa. All rights reserved. 4#6Operational Performance Metrics Monthly Index vs. 3 years ago 200 190 180 170 160 150 140 130 120 110 100 Total Credit 2022 2023 U.S. Payments Volume Index vs. 3 years ago Fiscal First Quarter 2023 Financial Results Debit Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 1-21 200 190 180 170 160 150 140 130 120 110 100 Total Card Present Jan Feb Mar Apr Note: The charts reflect a comparison of volume indexed to three years ago, with January - December 2022 indexed to 2019, and January 2023 indexed to 2020. Refer to Operational Performance Data footnote for further information on these metrics. VISA Card Not Present Card Not Present, Excluding Travel May Jun Jul Aug Sep Oct Nov Dec Jan 1-21 Ⓒ2023 Visa. All rights reserved. 5#7#8#9#10#11#12#13#14#15#16#17#18#19#20#21#22#23#24