Visa continued to show Superior Business Performance

Visa (NYSE: V) announced its 2022 Q4 financial results on October 25, 2022. According to the announcement, net revenues, operating income and net income were up 19%, 18% and 10%, respectively (YoY, 3 months, GAAP). In addition, payment volume was up 10% (YoY, 3 months). Moreover, cross-border volume excluding intra-Europe was up 49%.

As for segments’ revenue growth, international transaction revenues had the highest growth of up 52% (YoY, 3 months). It was thanks to the rebound caused by opening of border after COVID-19 pandemic. In this regard, the international transaction revenues slowed sharply in 2020. We believe that demands of international travels are still supporting Visa’s earning.

In addition, net cash provided by operating activities was up 24% (YoY, 3 months). Furthermore, free cash flow was down 3%.

A man is siting on a chair in an airport lobby while looking an airplane.
Photo by JESHOOTS.COM on Unsplash

Since the opening of the borders, Visa has been showing superior business performance.  We expect that the growth of Visa’s business will be continued in the future.

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.
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