Visa 2013 Annual Report Download - page 46

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Fiscal 2011
(in millions, except for percentages and per share data)
Operating
Expenses
Operating
Margin(1)
Net Income
Attributable to
Visa Inc.
Diluted
Earnings
Per
Share(2)
As reported ................................... $3,732 59% $ 3,650 $ 5.16
Revaluation of Visa Europe put option ............. — — (122) (0.17)
Adjusted ..................................... $3,732 59% $ 3,528 $ 4.99
Diluted weighted-average shares outstanding (as
reported) 707
(1) Operating margin is calculated as operating income divided by total operating revenues.
(2) Figures in the table may not recalculate exactly due to rounding. Diluted earnings per share figures
are calculated based on whole numbers, not the rounded numbers presented.
(3) The litigation provision adjustment to net income attributable to Visa Inc. is shown net of tax. The
tax impact is determined by applying applicable federal and state tax rates to the litigation provision.
Nominal payments volume and transaction counts. Payments volume is the primary driver for our
service revenues, and the number of processed transactions is the primary driver for our data
processing revenues. Compared to the prior year, overall payments volume grew in all categories
worldwide except U.S. consumer debit, which has been negatively impacted by the Dodd-Frank Act
beginning April 1, 2012. The number of processed transactions continues to increase at a healthy rate,
reflecting the continuing worldwide shift to electronic currency.
The following tables present nominal payments volume.(1)
United States International Visa Inc.
12 months
ended
June 30,
2013 (2)
12 months
ended
June 30,
2012 (2)
%
Change
12 months
ended
June 30,
2013 (2)
12 months
ended
June 30,
2012 (2)
%
Change
12 months
ended
June 30,
2013 (2)
12 months
ended
June 30,
2012 (2)
%
Change
(in billions, except percentages)
Nominal Payments
Volume
Consumer credit .... $ 789 $ 710 11% $ 1,498 $ 1,375 9% $ 2,287 $ 2,085 10%
Consumer debit(3) . . . 1,046 1,045 —% 392 329 19% 1,438 1,375 5%
Commercial and
other(3) ............ 331 311 7% 140 130 8% 472 440 7%
Total Nominal
Payments
Volume ........... $ 2,166 $ 2,066 5% $ 2,030 $ 1,834 11% $ 4,197 $ 3,900 8%
Cash volume ...... 446 437 2% 2,083 1,920 8% 2,529 2,357 7%
Total Nominal
Volume(4) ......... $ 2,612 $ 2,503 4% $ 4,114 $ 3,754 10% $ 6,726 $ 6,257 7%
38