Visa’s Int’l Transaction Revenues was Up 48% in 2022 Q2

Visa (NYSE: V) announced its 2022 Q2 financial results on April 26, 2022. According to the announcement, net revenues, operating income and net income were up 25%, 34% and 21%, respectively (3 months, YoY, GAAP). Thanks to recovery of overseas travel demand, cross border volume was up 38% while cross border volume excluding intra-Europe was up 47% (3 months, YoY, constant-dollar basis).

Looking at revenue growth by segment, the international transaction revenues showed the highest growth of up 48%. This was followed by up 24% of service revenues.

Decorative image of airport. A man bearing a camera is standing in front of information board.
Photo by Erik Odiin on Unsplash

Since 2020, Visa’s business performance has been sluggish due to the stagnation of international transactions. However, in addition to the recovery of international transactions thanks to the recovery of overseas travel demand, the payment volume was also up 17% (3 months, YoY, constant dollar-basis). These indicators show Visa’s superior business performance in this quarter. 

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.
%d bloggers like this: