Visa recorded Double-Digit Growth in 2023 Q2

Visa (NYSE: V) announced its 2023 Q2 financial results on April 25, 2023. According to the announcement, net revenues were up 11% (YoY, 3 months). In addition, operating income and net income were up 11% and 17%, respectively (YoY, 3 months, GAAP).

Among revenues, international transaction revenues recorded the highest growth of up 24% (YoY, 3 months). On the other hand, services revenues showed the slowest of up 7%. It was followed by data processing revenues of up 10%.

Payment Volume was up 10%, recorded double-digit growth (YoY, 3 months). Cross-border Volume also showed prominent growth of up 24%.

Net cash provided by operating activities was up 4% (YoY, 6 months). However, free cash flow grew significantly, up 34%. 

A medical stuff is conducting antibody testing.
Photo by Mufid Majnun on Unsplash

Despite the challenging economic environment, Visa showed superior business performance. It was reflected by its double-digit growth in all of net revenues, operating income and net income. In particular, the WHO announced that COVID-19 no longer constitutes a public health emergency of international concern. Under such circumstances, improvements in Visa’s international transaction revenues could be expected to be continued. 

Accordingly, Watanabe & Brothers’ Investment will continuously invest in Visa from a medium- to long-term perspective.

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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