Visa Investor Presentation — April 2021

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Fiscal Second Quarter 2021

Financial ResultsVisa Inc.

April 27, 2021©2021 Visa. All rights reserved. 1 Fiscal Second Quarter 2021 Financial ResultsFiscal Second Quarter 2021 Results

YoY Increase / (Decrease)Net

RevenuesClient Incentives

Gross Revenue Operating Expense Effective Tax RateDiluted Class A

GAAP Nominal -Dollar Basis

(2%)* 25.8%11% 16.6% 0%

Non-GAAP Nominal -Dollar Basis(1) 3% 16.8% (1%)

Foreign Currency Impact (~0.5% ) ~3% ~0.5%

Acquisition Impact ~0% 0% ~0% 0% ~0%

Adjusted Constant -Dollar Basis(2) (3%) 25.8% 6% 16.8% 0%

(1)Non-GAAP results exclude a special item, equity investment gains and losses, amortization of acquired intangible assets for acquisitions in fiscal year 2019 and

subsequent periods, and non -recurring acquisition -related costs.

(2)Adjusted financial results are on a constant-dollar basis and exclude the impact of the non -GAAP items and operating revenues an d expenses of the acquired

entities that were not in the entire quarter of the previous year and the incremental interest expense or forgone interest in come as a result of funding the

acquisition through debt or cash, respectively. Had we recognized service revenues on current quarter payments volume and other revenue components remained unchanged, net revenues would have been

Note: Refer to Non -GAAP and Adjusted Constant -Dollar Results Footnote for further information. *©2021 Visa. All rights reserved. 2 Fiscal Second Quarter 2021 Financial ResultsWe consider non -GAAP measures useful to investors because they provide greater transparency into management ´s view and assessment of