Visa announced 2021 Q2 Earning Results on April 27th

Visa (NYSE: V) announced its 2021 Q2 earning results on April 27th, 2021. According to the announcement, the net revenues, operating income and net income were down 2%, 9% and 2%, respectively (YoY, 3 months).

Reviewing the revenues by segments, the service segment providing client support was up 8% (YoY, 3 months). In addition, the data processing segment was up 11% (YoY, 3 months). However, the international transaction segment was still down 19% due to the COVID-19 pandemic (YoY, 3 months). Nominal payments volume was up 14% (YoY, 3 months).

Visa’s overall revenues are on a recovery trend. However, its performance in the international transaction segment remains low. 

According to some reports, some European countries will accept vaccinated US travelers this summer. Such movement may bring significant improve in Visa’s business performance.

Visa also announced repurchase of $ 1.7 billion common stocks in 2021 Q2. This amount corresponds to about 0.3% of Visa’s total market value.

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