Visa’s 2021 Q4 Results showed Strong Recovery in International Transaction Revenue

Visa (NYSE: V) announced its 2021 fiscal full year financial results on October 26, 2021. According to the announcement, net revenues was up 10% (12 months, YoY). In addition, operating income and net income were up 12% and 13%, respectively. Moreover, EPS was up 15%.

Looking at the segment revenue of the three months ending September 30, 2021, international transaction revenue showed the highest growth of up 41%. In addition, cross border volume was up 38%. Visa has been suffering from its sluggish international transaction revenue since 2020 Q2. However, this quarter’s results following 2021 Q3 results suggest a strong recovery in Visa’s earnings.

Visa has repurchased 8.7 billion USD of Class A common stock in the 12 months ending September 30, 2021. This amount accounts for more than 20% of Visa’s equity at the end of 2020 Q4. According to the announcement, the company had 4.7 billion USD of remaining authorized funds for share repurchase as of September 30, 2021.

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