Visa Q1 2021 Earnings Report
Key Takeaways
Visa Inc. reported a decrease in net revenues by 6% to $5.7 billion, GAAP net income of $3.1 billion, and GAAP earnings per share of $1.42. Payments volume, cross-border volume, and processed transactions growth all improved compared to the prior quarter. The company returned $2.5 billion of capital to shareholders and authorized a new $8.0 billion share repurchase program.
GAAP and non-GAAP net income reached $3.1 billion, translating to $1.42 per share.
Net revenues amounted to $5.7 billion, reflecting a 6% decrease.
Payments volume, cross-border volume, and processed transactions exhibited improved growth compared to the previous quarter.
Capital totaling $2.5 billion was returned to shareholders through share repurchases and dividends.
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Visa Revenue by Segment
Forward Guidance
Given the continuing impact of COVID-19 and the significant uncertainty in the global economy, it is difficult to reasonably estimate the Company's annual results; therefore we are not providing a fiscal full-year 2021 outlook at this time.