Visa 2013 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2013 Visa annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

$350
$300
$250
$200
$150
$100
$50
9/30/08 9/30/09 9/30/10 9/30/11 9/30/139/30/12
Financial Highlights ADJUSTED1 In millions (except for per share data)
F Y 2011 FY 2012 FY 2013
Operating revenues $9,188 $10,421 $11,7 78
Operating expenses $3,732 $4,184 $4,539
Operating income $5,456 $6,237 $7, 2 39
Net income $3,528 $4,203 $4,980
Diluted class A common stock earnings per share $4.99 $6.20 $7.59
Financial Highlights GAAP In millions (except for per share data)
F Y 2011 FY 2012 FY 2013
Operating revenues $9,188 $10,421 $11,7 78
Operating expenses $3,732 $8,282 $4,539
Operating income $5,456 $2,139 $7,2 39
Net income $3,650 $2,144 $4,980
Stockholders' equity $26,437 $27, 630 $26,870
Diluted class A common stock earnings per share $5.16 $3.16 $7. 59
Operational Highlights 12 months ended September 30 (except where noted)
2011 2012 2013
Total volume, including payments and cash volume2$5.9 trillion $6.3 trillion $6.9 trillion
Payments volume2$3.7 trillion $3.9 trillion $4.3 trillion
Transactions processed on Visa's networks 50.9 billion 53.3 billion 58.5 billion
Cards31.9 billion 2.0 billion 2.2 billion
Stock Performance
The accompanying graph and chart compare the cumulative total return on
Visa’s common stock with the cumulative total return on Standard & Poor’s 500
Index and Standard & Poor’s 500 Data Processing Index from September 30,
2008, through September 30, 2013. The comparison assumes $100 was invested
on September 30, 2008, 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 9/30/08 9/30/09 9/30/10 9/30/11 9/30/12 9/30/13
Visa Inc. 100.00 113.35 122.60 142.60 225.13 322.97
S&P 500 Index 100.00 93.09 102.55 103.73 135.05 161.18
S&P 500 Data
Processing Index
100.00 98.59 99.68 110.10 156.34 218.33
Visa Inc.
S&P 500 Index
S&P 500 Data Processing Index
1 For further discussion of fiscal years 2012 and 2011 non-GAAP adjusted 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, 2013, June 30, 2012 and June 30, 2011.