Visa (V) investor relations material

Consumer and payment trends

• U.S. payment volume rose 8% in January, with credit up 9% and debit up 6%, reflecting stable and resilient consumer spending patterns.

• Processed transaction volume growth remains consistent globally, with no significant shifts in consumer behavior despite economic and geopolitical volatility.

• Growth rates are positive across all consumer segments, with affluent consumers spending at a slightly faster rate, but the gap between segments remains stable.

• Cross-border and energy-related impacts are closely monitored, but diversification limits exposure to regional volatility.

Agentic commerce and AI opportunities

• Agentic commerce is seen as the largest growth opportunity since the rise of e-commerce, enabling new business models, increased transaction velocity, and reduced payment friction.

• Payment density is increasing, with average transaction size dropping and transaction count tripling since 2015, driven by subscriptions, streaming, and micro-payments.

• AI agents are expected to further digitize B2B payments, streamline onboarding, invoicing, and reconciliation, and drive massive efficiency gains.

• The company is investing in standards and protocols to support agentic commerce, including Visa Intelligent Commerce and Trusted Agent Protocol.

Competitive positioning and security

• The platform's scale, security, and trust are highlighted as key differentiators, with 14,500 financial institutions and 175 million merchants connected.

• Tokenization, fraud detection, and real-time transaction evaluation are core strengths, with AI used to screen hundreds of variables per transaction.

• Stripe and OpenAI's recent moves to integrate Visa's standards reinforce the platform's central role in agentic commerce.