NYSE$V

Visa · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Visa's Q1 2021 results reflected solid performance amidst COVID-19 challenges, marked by sustained strength in debit and eCommerce volumes and resilient domestic spending.

Visa Inc. reported a decrease in net revenues by 6% to $5.7 billion, GAAP net income of $3.1 billion, and GAAP earnings per share of $1.42. Payments volume, cross-border volume, and processed transactions growth all improved compared to the prior quarter. The company returned $2.5 billion of capital to shareholders and authorized a new $8.0 billion share repurchase program.

  • GAAP and non-GAAP net income reached $3.1 billion, translating to $1.42 per share.
  • Net revenues amounted to $5.7 billion, reflecting a 6% decrease.
  • Payments volume, cross-border volume, and processed transactions exhibited improved growth compared to the previous quarter.
  • Capital totaling $2.5 billion was returned to shareholders through share repurchases and dividends.

Headline financials

Total Revenue

$5.69B

Previous: $6.05B-6.1%
EPS (adj)

$1.42

Previous: $1.46-2.7%
Cross-Border Volume Growth

-21.0%

Previous: 9.0%-333.3%
Transactions Processed

39.2B

Previous: 37.8B+3.8%
Free Cash Flow

$3.13B

Previous: $3.27B-4.5%
Net Income

$3.13B

Previous: $3.27B-4.5%
Operating Income

$3.84B

Previous: $4.02B-4.3%
Cash & Equivalents

$15B

Previous: $8.77B+71.4%
Total Assets

$80.4B

Previous: $74.8B+7.5%

Revenue & EPS history

Visa · Revenue · Quarterly

$5.69B

Q1 2021-6.1%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Visa · $5.69B total across 5 segments · Q1 2021

  • Data Processing Revenue
    $3.03B+5.9%
  • Service Revenue
    $2.68B+4.8%
  • International Transactions
    $1.45B-28.1%
  • Other Revenue
    $384M+5.2%
  • Client Incentives
    -$1.86B-206.3%

Forward guidance

Given the continuing impact of COVID-19 and the significant uncertainty in the global economy, it is difficult to reasonably estimate the Company's annual results; therefore we are not providing a fiscal full-year 2021 outlook at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+10.7%

Q1 2022

Best reaction

-7.7%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.6%+5.7%+5.9%
Q1 2026-1.2%-0.6%-3.5%
Q4 2025-2.4%-2.9%-3.6%
Q3 2025-0.1%-2.6%+0.1%
Q2 2025+1.2%+2.1%+6.9%
Q1 2025-0.4%+1.9%+5.7%
Q4 2024+2.1%+2.3%+10.7%
Q3 2024-5.1%-3.1%+0.1%
Q2 2024+1.0%+0.8%+0.7%
Q1 2024-1.4%+2.0%+4.4%
Q4 2023+2.3%-1.0%+9.6%
Q3 2023-1.5%-2.1%-0.5%
Q2 2023-2.0%-0.0%-4.0%
Q1 2023+2.9%+2.4%-2.4%
Q4 2022+6.6%+9.8%+11.0%
Q3 2022-1.8%-1.0%-2.1%
Q2 2022+2.0%+1.5%-0.7%
Q1 2022+10.7%+12.9%+6.5%
Q4 2021-7.7%-9.5%-13.1%
Q3 2021-1.3%-1.5%-7.9%
Q2 2021+1.4%+1.4%-1.5%
Q1 2021-0.9%+3.9%+8.9%
Q4 2020-2.7%-2.8%+11.0%
Q3 2020+0.8%-3.3%+7.2%
Q2 2020-3.4%-1.8%+7.4%
Q1 2020-2.9%-0.6%-11.3%
Q4 2019+3.8%+3.7%+4.8%
Q3 2019+1.5%+1.7%-0.3%
Q2 2019-0.4%+1.5%+0.6%
Q1 2019+0.0%+4.8%+10.7%
Q4 2018+1.0%-3.4%-4.5%
Q3 2018+1.8%-2.5%+3.0%
Q2 2018+4.8%+4.6%+8.3%
Q1 2018-2.7%-3.4%-2.8%
Q4 2017+1.3%+1.5%+3.3%
Q3 2017+1.4%+1.8%+4.3%
Q2 2017+1.6%+2.6%+3.0%
Q1 2017+4.4%+4.1%+7.7%
Q4 2016-0.4%-0.2%-3.4%
Q3 2016+0.7%-1.1%+1.4%
Q2 2016-2.5%
Q1 2016+5.0%
Q4 2015+0.4%
Q3 2015+3.9%
Q2 2015-2.3%
Q1 2015+3.5%
Q4 2014+9.2%
Q3 2014-2.9%
Q2 2014-4.8%
Q1 2014-0.8%
Q4 2013-3.7%
Q3 2013+3.2%
Q2 2013+4.1%
Q1 2013-1.5%
Q4 2012+4.0%
Q3 2012+3.2%
Q2 2012-5.4%
Q1 2012+5.1%
Q4 2011-0.2%
Q3 2011-1.4%
Q2 2011-0.5%
Q1 2010+1.3%
Q4 2010-1.9%
Q3 2010-0.5%
Q2 2010-2.1%

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