Summary
Visa Inc. filed this Form 8-K on May 30, 2012, to provide investors with updated operational data ahead of discussions at the Cowen and Company 40th Annual Technology, Media and Telecom Conference. The report offers a glimpse into key performance indicators for April and the early part of May 2012, specifically focusing on payments volume, cross-border transactions, and processed transactions. While the data indicates some divergence, particularly a notable decline in U.S. debit payments volume, it also shows robust growth in U.S. credit volume and consistent strength in global cross-border volume. The prepared remarks aim to offer context to investors regarding Visa's performance trends during this period, helping them assess the company's ongoing business momentum.
Key Highlights
- 1Visa provided selected operational data for April and the first 28 days of May 2012.
- 2U.S. aggregate payments volume showed a negative 3% growth in April 2012 but recovered to 0% growth year-to-date through May 28, 2012.
- 3U.S. credit payments volume demonstrated positive growth, increasing by 8% in April and 10% through May 28, 2012.
- 4U.S. debit payments volume experienced a significant decline, with negative 12% growth in April and negative 8% growth through May 28, 2012.
- 5Global cross-border volume growth remained strong, at a positive 13% on a constant dollar basis for both April and the period through May 28, 2012.
- 6Processed transactions growth was negative 1% globally in April but turned positive at 1% through May 28, 2012.
- 7This information was provided in anticipation of investor discussions at the Cowen and Company 40th Annual Technology, Media and Telecom Conference.