Visa (NYSE: V) announced its 2022 Q3 financial results on July 26, 2022. According to the announcement, net revenues, operating income and net income were up 19%, up 2% and up 32%, respectively (YoY, GAAP, 3 months). Net cash provided by operating activities was up 15% (YoY, 9 months). However, free cash flow was down 33%.
Looking by segment, international transaction revenues recorded the highest growth of up 51%. It was followed by service revenues of up 13% (YoY, 3 months). In addition, Cross Border Volume was up 40% (YoY, 3 months).
Currently, due to rebound of demands for overseas travels after the opening of borders, Visa’s earnings are rapidly recovering. Visa is expected to show the solid growth in their business performance in the coming quarters.
- Watanabe & Brothers’ Investment is holding shares of Visa.
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