International Transaction Revenues were Up 50% in Visa’s 2022 Q1 Financial Results

Visa (NYSE: V) announced 2022 Q1 financial results on January 27th, 2022. According to the announcement, net revenues, operating income, and net income were up 24%, 24%, and 27%, respectively (GAAP, YoY, 3 months). In addition, EPS was up 29% (GAAP, YoY, 3 months). 

Visa’s revenues growth was primarily driven by international transaction revenues. According to the announcement, the international transaction revenues were up 50% (YoY, 3 months). In this regard, cross-border volume excluding intra-Europe was up 51% over prior year’s results. It suggests that opening of borders in lots of countries has led to the increase in Visa’s revenues.

In addition, Visa repurchased 4.1 billion USD of class A common Stocks during the three months ending on December 31st, 2021. Visa’s board of directors has also authorized a new $12.0 billion class A common stock share repurchase program. As of December 31, 2021, remaining authorized funds for share repurchase were 12.6 billion USD, accounting for approximately 3% of Visa’s market capitalization value as of February 4, 2022.

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