Visa Q4 2020 Earnings Report
Key Takeaways
Visa Inc. reported a decrease in net revenues by 17% to $5.1 billion for the fiscal fourth quarter. GAAP net income decreased by 29% to $2.1 billion, with earnings per share of $0.97. Non-GAAP net income also decreased by 25% to $2.5 billion, with earnings per share of $1.12. Payments volume increased by 4%, while cross-border volume excluding Intra Europe decreased by 41%.
GAAP net income was $2.1 billion, or $0.97 per share, a decrease of 29%.
Non-GAAP net income was $2.5 billion, or $1.12 per share, a decrease of 25%.
Net revenues were $5.1 billion, a decrease of 17%.
Payments volume increased 4%, while cross-border volume excluding Intra Europe decreased 41%.
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.