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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%.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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