Visa Inc. is a global leader in digital payments, facilitating commerce and money movement across over 200 countries and territories. Connecting consumers, merchants, financial institutions, and governments through innovative technologies, Visa operates VisaNet, a proprietary advanced transaction processing network. Visa's core business involves providing transaction processing services (authorization, clearing, and settlement) to its clients. The company offers a wide range of payment products, including credit, debit, and prepaid cards, enabling nearly 14,500 financial institutions to provide payment solutions. Visa is actively expanding its network of networks strategy, aiming to unify the complex payments ecosystem by enabling money movement across various networks. The company also provides value-added services such as issuing solutions, acceptance solutions, risk and identity solutions, and advisory services. Visa invests in strategic partnerships and sponsorships to promote its brand and payment innovations.

• Employees: ~31,600 (as of September 30, 2024)
• Geographic Footprint: ~80 countries and territories
• Headquarters: San Francisco, California
• Founded: 1958
• Number of locations/facilities: 135 office locations, including 4 data centers
• Revenue: $35.9 billion (FY2024)
• Market Capitalization: $439.3 billion (as of March 28, 2024)
• Key Subsidiaries/Brands: Visa, VisaNet, Visa/PLUS, Cybersource, Authorize.net

Information related to company leadership will be available in the company's Proxy Statement, to be filed no later than 120 days after September 30, 2024.

• Annual Revenue: $35.9 billion (FY2024)
• Net Income: $19.7 billion (FY2024)
• Market Cap: $439.3 billion (as of March 28, 2024)
• Total Assets: $94.5 billion (FY2024)
• Number of Employees: ~31,600 (as of September 30, 2024)
• Key Financial Highlights (FY2024):
  • Net revenue increased 10% year-over-year, driven by growth in cross-border volume, processed transactions, and payments volume, partially offset by higher client incentives.
  • GAAP operating expenses increased 6% year-over-year.
  • Completed acquisition of Pismo and entered into definitive agreements to acquire Prosa and Featurespace.
  • Released $2.7 billion of as-converted value from series B and C preferred stock.
  • Accepted 241 million shares of class B-1 common stock in an exchange offer.
  • Repurchased 64 million shares of class A common stock for $17.0 billion.

Visa offers a wide range of products and services related to consumer payments, new flows, and value-added services.

• Consumer Payments:
  • Credit cards and digital credentials
  • Debit cards and digital credentials
  • Prepaid cards and digital credentials
  • Tap to Pay technology
  • Tokenization services (Visa Token Service)
  • Click to Pay online checkout
• New Flows:
  • Person-to-person (P2P)
  • Business-to-consumer (B2C)
  • Business-to-business (B2B), including Visa Commercial Solutions and Visa B2B Connect
  • Government-to-consumer (G2C)
  • Visa Direct platform
• Value-Added Services:
  • Issuing solutions (including Visa DPS and Pismo)
  • Acceptance solutions (including Cybersource and Authorize.net)
  • Risk and Identity solutions (including Visa Protect suite)
  • Open Banking solutions (including Tink)
  • Advisory Services (including Visa Consulting and Analytics and Visa Marketing Services)

Visa operates as a single reportable segment: Payment Services.

Visa's strategy focuses on accelerating revenue growth in consumer payments, new flows, and value-added services, while fortifying key foundations of its business model, including network of networks, technology platforms, security, brand, and talent. Visa aims to convert cash and other payment forms into cards and digital accounts on its network, focusing on expanding credentials, acceptance points, and consumer engagement. The company's network of networks strategy aims to enable money movement across various networks, unifying the payments ecosystem and facilitating diverse payment flows (P2P, B2C, B2B, G2C, and C2B). Visa also prioritizes value-added services, offering over 200 products and services to help clients optimize performance and enhance customer experiences.

Visa operates in the highly competitive and rapidly changing global payments industry. Competitors include global and multi-regional networks (e.g., American Express, Mastercard), local and regional networks, alternative payment providers, real-time payment (RTP) networks, and digital wallet providers. Technological advancements and evolving consumer habits are driving growth in areas like e-commerce, mobile payments, and digital currencies, leading to increased competition from both established and emerging players. Regulatory changes, such as interchange fee regulations and data privacy laws, also shape the competitive landscape. Visa leverages its brand recognition, global acceptance footprint, and focus on security and innovation to compete in this dynamic market. The company actively collaborates with fintechs and other partners to expand its reach and offer new payment solutions.

• Regulatory Changes: Complex and evolving global regulations could impact Visa's operations, requiring adjustments to rules, contracts, and technology, potentially increasing compliance costs and reducing revenue opportunities. Varying regulations across jurisdictions pose challenges for adapting products and services.
• Competition: Intense competition from existing and emerging players, including traditional card networks, alternative payment providers, and new technologies, could negatively impact Visa's market share and profitability. Competitors may develop superior technology, offer more attractive pricing, or benefit from government support.
• Data Security and Privacy: Increasingly complex data regulations and the risk of cyberattacks or data breaches could lead to financial losses, reputational damage, and legal liabilities. Visa's reliance on third-party service providers for data processing and security adds to these risks.
• Dependence on Clients and Merchants: Visa's revenue and profits rely on its client and merchant base, which may be costly to win, retain, and develop. Clients and merchants have the flexibility to switch to competitors or develop their own payment solutions, potentially impacting Visa's transaction volumes and revenue.
• Technology and Innovation: Failure to anticipate, adapt to, or keep pace with new technologies in the payments industry could harm Visa's business and impact future growth. The rapid pace of technological change requires continuous investment and adaptation to remain competitive.