Visa Inc. Reports Fiscal Fourth Quarter and Full-Year 2020 Results San Francisco, CA, October 28, 2020 – Visa Inc. (NYSE: V) Fiscal Fourth Quarter Results:  GAAP net income of $2.1B or $0.97 per share and non-GAAP net income of $2.5B or $1.12 per share  Net revenues of $5.1B, a decrease of 17% or approximately 11% with service revenues recognized on current quarter payments volume Fiscal Full-Year Results:  GAAP net income of $10.9B or $4.89 per share and non-GAAP net income of $11.2B or $5.04 per share  Net revenues of $21.8B, a decrease of 5% Other Highlights:  Payments volume, cross-border volume and processed transactions growth all improved through the quarter and were at varying stages of recovery. Full-year business drivers were all impacted by COVID-19 starting in March, with an improving trend exiting September.  Returned $2.3B and $10.8B of capital to shareholders for Q4 and full-year, respectively, in the form of share repurchases and dividends  The board of directors increased Visa’s quarterly cash dividend to $0.32 per share Q4 and Full-Year 2020 Results (Ended September 30, 2020) Q4 2020 Full-Year 2020 Alfred F. Kelly, Jr., Chairman In billions, except percentages and per share data. % change is and Chief Executive Officer, calculated over the comparable prior-year period. USD % Change USD % Change Visa Inc., commented on the Net Revenues $5.1 (17%) $21.8 (5%) results: GAAP Net Income $2.1 (29%) $10.9 (10%) “While our business drivers and financial results were impacted by GAAP Earnings Per Share $0.97 (28%) $4.89 (8%) COVID-19 in 2020, we’ve made significant progress in advancing Non-GAAP Net Income(1) $2.5 (25%) $11.2 (9%) our growth strategy. Visa drove the adoption of eCommerce and (1) Non-GAAP Earnings Per Share $1.12 (23%) $5.04 (7%) tap to pay to accelerate cash (1) Non-GAAP results exclude special items, equity investment gains and losses, amortization of digitization, successfully unlocked acquired intangible assets and non-recurring acquisition-related costs. new flows by expanding Visa Direct and B2B partnerships, and Q4 and Full-Year 2020 Key Business Drivers facilitated client innovation (YoY increase / (decrease), volume in constant dollars) through our value added services. Q4 2020 Full-Year 2020 As the world turns increasingly to digital payments, we see tremendous opportunity for Payments Volume 4% 2% growth. We’ll remain thoughtful in (1) Cross-Border Volume Excluding Intra Europe (41%) (22%) our investments as we advance our strategy to enable the Cross-Border Volume Total (29%) (16%) movement of money for everyone, everywhere.” Processed Transactions 3% 2% (1) Cross-border volume excluding transactions within Europe.


The following information was filed by Visa Inc. (V) on Wednesday, October 28, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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