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Jun 30, 2021
Visa Q3 2021 Earnings Report
Visa's Q3 2021 earnings were reported, demonstrating strong growth driven by economic recovery and increased spending.
Key Takeaways
Visa Inc. reported a strong third quarter with net revenues of $6.1 billion, a 27% increase year-over-year. GAAP net income was $2.6 billion, or $1.18 per share, while non-GAAP net income was $3.3 billion, or $1.49 per share. The results were driven by growth in payments volume, cross-border volume, and processed transactions, reflecting a recovery in key economies and increased digital payments.
Net revenues increased by 27% to $6.1 billion, driven by growth in payments volume, cross-border volume and processed transactions.
GAAP net income was $2.6 billion, or $1.18 per share, up 9% and 10% respectively.
Non-GAAP net income was $3.3 billion, or $1.49 per share, up 39% and 41% respectively.
Cross-border volume, excluding transactions within Europe, increased by 53%.
Revenue by Segment
Forward Guidance
Due to the continuing impact of COVID-19 and the significant uncertainty in the global economy, Visa is not providing a fiscal full-year 2021 outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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