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1、2025 Visa.All rights reserved.Fiscal Fourth Quarter 2025Financial ResultsOctober 28,2025Fiscal Fourth Quarter 2025 Financial Results2025 Visa.All rights reserved.1YoY increase/(decrease)except for Effective Income Tax RateNetRevenueOperatingExpensesEffective IncomeTax RateDiluted Class ACommon Stock

2、Earnings Per ShareGAAP Nominal-Dollar Basis12%40%18.2%(1%)Non-GAAP Nominal-Dollar Basis(1)12%13%18.8%10%Foreign Currency Impact(2)(0.5%)(1.0%)N/A0%Acquisition Impact(2)0%(1.0%)0.0%0%Non-GAAP Adjusted Constant-Dollar Basis(1)11%11%18.8%10%Fiscal Fourth Quarter 2025 Results(1)Refer to Non-GAAP Financi

3、al Measures within the appendix for further information on our non-GAAP adjustments.There were no non-GAAP adjustments made to net revenue.(2)Foreign currency and acquisition impacts,if applicable,are rounded to the nearest half point,except for effective income tax rate.Fiscal Fourth Quarter 2025 F

4、inancial Results2025 Visa.All rights reserved.2Income Statement SummaryIn billions,except percentages and per share data.%change is calculated over the comparable prior-year period.Q4 2025USD%ChangeNet Revenue$10.712%GAAP Net Income$5.1(4%)GAAP Earnings Per Share$2.62(1%)Non-GAAP Net Income(1)$5.87%

5、Non-GAAP Earnings Per Share(1)$2.9810%(1)Refer to Non-GAAP Financial Measures within the appendix for further information.Key Business DriversYoY increase/(decrease),volume in constant dollarsQ4 2025Payments Volume9%Cross-Border Volume Excluding Intra-Europe(2)11%Cross-Border Volume Total12%Processe

6、d Transactions10%(2)Cross-border volume excluding transactions within Europe.Fiscal Fourth Quarter 2025 Results and Other HighlightsFiscal fourth quarter growth in payments volume,cross-border volume and processed transactions remained strongShare repurchases and dividends of$6.1B for fiscal fourth