Visa 2014 Annual Report Download - page 3

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9/30/09 9/30/10 9/30/11 9/30/12 9/30/1
4
9/30/13
Financial Highlights ADJUSTED1 In millions (except for per share data)
FY 2012 FY 2013 FY 2014
Operating revenues $10,421 $11,778 $12,702
Operating expenses $4,184 $4,539 $4,555
Operating income $6,237 $7,239 $8,147
Net income $4,203 $4,980 $5,721
Diluted class A common stock earnings per share $6.20 $7.59 $9.07
Financial Highlights GAAP In millions (except for per share data)
FY 2012 FY 2013 FY 2014
Operating revenues $10,421 $11,778 $12,702
Operating expenses $8,282 $4,539 $5,005
Operating income $2,139 $7,239 $7,697
Net income $2,144 $4,980 $5,438
Stockholders' equity $27,630 $26,870 $27,413
Diluted class A common stock earnings per share $3.16 $7.59 $8.62
Operational Highlights 12 months ended September 30 (except where noted)
2012 2013 2014
Total volume, including payments and cash volume2$6.3 trillion $6.9 trillion $7.3 trillion
Payments volume2$3.9 trillion $4.3 trillion $4.7 trillion
Transactions processed on Visa's networks 53.3 billion 58.5 billion 64.9 billion
Cards32.0 billion 2.1 billion 2.3 billion
Stock Performance
The accompanying graph and chart compares the cumulative total return on
Visa’s common stock with the cumulative total return on Standard & Poor’s 500
Index and the Standard & Poor’s 500 Data Processing Index from September 30,
2009, through September 30, 2014. The comparison assumes $100 was invested
on September 30, 2009, and that dividends were reinvested. Visa Inc.’s class B
and C common stock are not publicly traded or listed on any exchange or dealer
quotation system.
Base
period
Indexed Returns
(Fiscal Year Ended)
Company/Index 9/30/09 9/30/10 9/30/11 9/30/12 9/30/13 9/30/14
Visa Inc. 100.00 108.16 125.80 198.61 284.93 320.52
S&P 500 Index 100.00 110.16 111.42 145. 0 8 173 .14 207. 3 0
S&P 500 Data
Processing Index
100.00 101.11 111.67 158 . 58 221.45 252. 32
Visa Inc.
S&P 500 Index
S&P 500 Data Processing Index
1 For further discussion of fiscal years 2014 and 2012 non-GAAP adjusted operating expenses, net income and diluted earnings per share, see Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview -
Adjusted financial results in this Annual Report.
2 Total volume is the sum of payments volume and cash volume. Payments volume is the total monetary value of transactions for goods and services that are purchased on Visa-branded cards and payment products. Cash volume generally consists of
cash access transactions, balance access transactions, balance transfers and convenience checks. Payments volume for the 12 months ended June 30 is the basis for service revenue for the 12 months ended September 30. For further discussion, see
Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview - Nominal payments volume and transaction counts in this Annual Report.
3 These figures represent data for the quarters ended June 30, 2014, June 30, 2013 and June 30, 2012.