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%.
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
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