AP currency has remained weak as well and has continued to remain weak across a number of markets in AP, and that's impacting travel there as well.

Jul 29, 2025 / receipt, needs a key / Speaker (unnamed, presumably executive), other | earnings call 2025-07-29 | transcript cf043918-0682-47ba-9ebc-718050dea110 | chars 52330-52477 | segment 54

James Forrest, Norcal PTAC, he, him, hi guys thanks for the question, I want to talk a little more about cross border trends, especially travel and then you get some color in the prepared remarks, but looks like we've had a couple of soft ones here in June, maybe a little bit of recovery in July month to date.

Jul 29, 2025 / receipt, needs a key / James Forrest, other | earnings call 2025-07-29 | transcript cf043918-0682-47ba-9ebc-718050dea110 | chars 49576-49887 | segment 51

James Forrest, Norcal PTAC, he, him, hoping, you can give an update on what you're seeing specifically in international travel in your book of business, maybe what bookings look like what impact recent FX moves are doing to consumer demand, etc.

Jul 29, 2025 / receipt, needs a key / James Forrest, other | earnings call 2025-07-29 | transcript cf043918-0682-47ba-9ebc-718050dea110 | chars 49888-50133 | segment 51

You know, I mentioned some travel and entertainment, but also offset by retail goods as an example. You know, there are puts and takes. There are some moving parts within that. But overall, healthy, stable volumes, whether it's discretionary or non-discretionary.

Apr 29, 2025 / receipt, needs a key / Ryan, other | earnings call 2025-04-29 | transcript d5cb276e-a6e4-4caf-8565-f92ff08710bc | chars 44619-44882 | segment 45

It also helped discretionary categories, retail, travel, entertainment, and then the lapping of reg. That was really the step up that we saw in the US.

Jan 30, 2025 / receipt, needs a key / Ryan, CEO | earnings call 2025-01-30 | transcript 35131263-2721-4452-9019-ae4085db589c | chars 24331-24482 | segment 24

And soon, we will be expanding to new geographies across our use cases in expense cards and B2B travel.

Jan 30, 2025 / receipt, needs a key / Ryan McInerney, CEO | earnings call 2025-01-30 | transcript 35131263-2721-4452-9019-ae4085db589c | chars 11323-11426 | segment 11

We are very focused on growing B2B in new verticals, such as travel. We are pleased to announce that we signed a virtual card issuing deal with JPMorgan Chase in Europe. This is a significant opportunity for Visa to further build on our strong issuing relationship in North America, as well as further grow in the B2B travel vertical.

Oct 29, 2024 / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-10-29 | transcript cab1a559-c303-42f8-9a0e-3cb837acc513 | chars 8845-9179 | segment 9

And that really is based on the travel circumstances and situation in Asia that we've talked about extensively, with outbound travel in Asia in particular being impacted and recovering slower than we anticipated at the beginning of the year.

Jul 23, 2024 / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 52582-52823 | segment 53

In addition, since its launch in 2022, our Visa Infinite Fast Pass in Brazil, which allows cardholders to get through airport security more quickly, has screened over 1 million travelers.

Jul 23, 2024 / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 14530-14717 | segment 14

On the travel side, we extended our relationship with Malaysia Airlines from a prepaid co-brand card targeting Millennials and Gen Z customers to also launch a new co-brand credit card for the travel-minded affluent.

Jul 23, 2024 / receipt, needs a key / Ryan McInerney, CEO | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 6805-7021 | segment 7

Cross-border volume grew 13% year over year. Below Q3 levels, with travel-related volume growing slightly less, which continued to be impacted by Asia Pacific, and card not present X travel volume growing at similar levels to Q3.

Jul 23, 2024 / receipt, needs a key / Chris, other | earnings call 2024-07-23 | transcript 2e8235df-91e6-43c6-8122-93d894e44028 | chars 22577-22806 | segment 22

Travel volume into Asia indexed at 142% of 2019 levels for the quarter, up eight points from Q1, while travel volume out of Asia was up two points to 124% of 2019.

Apr 23, 2024 / receipt, needs a key / Chris Suh, CFO | earnings call 2024-04-23 | transcript 4f017834-79f1-4ea0-882b-6edc8c22c1cd | chars 18940-19103 | segment 18

Adjusted Operating Expenses - Q4 2015

ir_statement / Sep 17, 2026 / receipt

Annual net revenue growth Low double digits

ir_statement / Sep 17, 2026 / receipt

Annual operating margin About 60%

ir_statement / Sep 17, 2026 / receipt

Under $1 billion Marketing expenses

ir_statement / Sep 17, 2026 / receipt

Continued positive secular trends and spending momentum contributed to growth in key underlying business drivers

ir_statement / Sep 17, 2026 / receipt

Strong operating revenues of $3.2 billion, up 11% over prior year

ir_statement / Sep 17, 2026 / receipt

Restructuring costs associated with workforce consolidation and elimination of overlapping functions.

ir_statement / Sep 16, 2026 / receipt

Adjusted Operating Expenses - Q2 2009

ir_statement / Sep 16, 2026 / receipt

Restructuring costs associated with workforce consolidation and elimination of overlapping functions.

ir_statement / Sep 16, 2026 / receipt

Asset step-up amortization

ir_statement / Sep 16, 2026 / receipt

Litigation Reserve

ir_statement / Sep 16, 2026 / receipt

Restructuring costs associated with workforce consolidation and elimination of overlapping functions.

ir_statement / Sep 16, 2026 / receipt