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Sep 30, 2020
Visa Q4 2020 Earnings Report
Visa's Q4 2020 earnings were impacted by COVID-19, but the company made significant progress in advancing its growth strategy.
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%.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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