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Mar 31, 2022
Visa Q2 2022 Earnings Report
Visa's Q2 2022 financial results were reported, marked by strong growth in net revenue, GAAP net income, and non-GAAP net income, amidst geopolitical challenges.
Key Takeaways
Visa Inc. reported a strong fiscal second quarter with net revenues of $7.2 billion, a 25% increase year-over-year. GAAP net income was $3.6 billion, up 21%, and non-GAAP net income was $3.8 billion, up 27%. The results reflect robust growth in payments volume, cross-border volume, and processed transactions, despite the suspension of operations in Russia and the ongoing impacts of the global economic recovery.
Net revenues increased by 25% to $7.2 billion, driven by growth in payments volume, cross-border volume, and processed transactions.
GAAP net income rose by 21% to $3.6 billion, or $1.70 per share.
Non-GAAP net income increased by 27% to $3.8 billion, or $1.79 per share.
Visa suspended operations in Russia due to the invasion of Ukraine, impacting revenue.
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
The press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our future operations, prospects, developments, strategies, business growth and anticipated timing and benefits of our acquisitions.
Positive Outlook
- Future operations
- Prospects
- Developments
- Strategies
- Business growth
Challenges Ahead
- Impact of global economic, political, market, health and social events or conditions, including Russia's invasion of Ukraine and the sanctions and other measures being imposed in response, and the ongoing impacts of the COVID-19 pandemic, including the reopening of borders and resumption of international travel
- 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