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.
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.
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