Visa Q2 2020 Earnings Report
Key Takeaways
Visa Inc. reported a 7% increase in net revenues to $5.9 billion for the fiscal second quarter of 2020. GAAP net income was $3.08 billion, or $1.38 per share, while non-GAAP net income was $3.10 billion, or $1.39 per share. The company's underlying business drivers slowed during the quarter due to the COVID-19 outbreak, with significant declines in March. Visa returned $3.9 billion of capital to shareholders through share repurchases and dividends.
Net revenues increased by 7% to $5.9 billion.
GAAP net income was $3.08 billion or $1.38 per share.
Non-GAAP net income reached $3.10 billion or $1.39 per share.
COVID-19 outbreak significantly impacted business drivers, especially in March.
Visa
Visa
Visa Revenue by Segment
Forward Guidance
Due to the worldwide spread of COVID-19, Visa is not providing a fiscal full-year 2020 outlook because the extent to which COVID-19 will impact the Company’s future results is difficult to reasonably estimate at this time.