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Dec 31, 2021
Visa Q1 2022 Earnings Report
Visa's Q1 2022 financial results were reported, demonstrating strong growth in revenue, net income, and EPS.
Key Takeaways
Visa Inc. reported a strong fiscal first quarter in 2022, with net revenues reaching $7.1 billion, a 24% increase year-over-year. GAAP net income was $4.0 billion, or $1.83 per share, and non-GAAP net income was $3.9 billion, or $1.81 per share. The company saw accelerated growth in payments volume, cross-border volume, and processed transactions. Visa returned $4.9 billion of capital to shareholders through share repurchases and dividends.
Visa's net revenues increased by 24% to $7.1 billion.
GAAP net income reached $4.0 billion, with an EPS of $1.83.
Non-GAAP net income was $3.9 billion, resulting in an EPS of $1.81.
Cross-border volume, excluding intra-Europe transactions, increased by 51%.
Visa
Visa
Visa Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comData Processing Revenue
CapyFin.comIntl. Transaction Revenue
CapyFin.comOther Revenue
CapyFin.comClient Incentives Revenue
CapyFin.com Forward Guidance
Visa anticipates that the current surge in the pandemic will not curtail the recovery, expecting continued improvement in economies worldwide and a recovery in cross-border travel as restrictions are lifted. The company believes it is well-positioned to deliver strong results.
Positive Outlook
- Economies around the world continuing to improve
- Restrictions being lifted
- Cross-border travel will continue to recover
- Well-positioned via multi-pronged growth strategy
- Confident to deliver strong results well into the future
Challenges Ahead
- Impact of global economic, political, market, health and social events or conditions, including the ongoing effects of the COVID-19 pandemic
- Increased oversight and regulation of the global payments industry and our business
- Impact of government-imposed obligations and/or restrictions on international payment systems
- Outcome of tax, litigation and governmental investigation matters
- Increasingly intense competition in the payments industry, including competition for our clients and merchants