International Transaction Revenues were Up 51% in 2022 Q3

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).

A decorative image of "airport". A airplane staying in the dock is shown in the photo.
Photo by Iwan Shimko on Unsplash

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.

Visa Inc. (NYSE: V) Stock Chart

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Visa.
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
  4. This report was originally prepared in English, and translated into the other languages with plugin utilizing Google Translation API. We hereby notify that the translations are provided only for the sake of reference, and any opinions or statements in this report should be interpreted in original English. We ask any investors reading this report to refer to the original financial statements issued by the company.
Translate »
%d bloggers like this: