Visa Q2 2021 Earnings Report
Key Takeaways
Visa Inc. reported a decrease in net revenues by 2% to $5.7 billion. GAAP net income was $3.0 billion, with an EPS of $1.38. Payments volume increased by 11%, and processed transactions grew by 8%.
GAAP and non-GAAP net income reached $3.0B or $1.38 per share.
Net revenues totaled $5.7B, a 2% decrease, but would have been approximately flat if service revenues were recognized on the current quarter’s payments volume.
Key business driver growth rates are beginning to ramp up, reflecting the depressed levels in 2020 due to COVID-19.
Payments volume and processed transactions were higher than fiscal second quarter 2019 levels, while cross-border volumes excluding intra-Europe remained lower.
Visa
Visa
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.