NYSE$V

Visa · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Visa's Q1 2022 financial results were reported, demonstrating strong growth in revenue, net income, and EPS.

Visa Inc. reported a strong fiscal first quarter in 2022, with net revenues reaching $7.1 billion, a 24% increase year-over-year. GAAP net income was $4.0 billion, or $1.83 per share, and non-GAAP net income was $3.9 billion, or $1.81 per share. The company saw accelerated growth in payments volume, cross-border volume, and processed transactions. Visa returned $4.9 billion of capital to shareholders through share repurchases and dividends.

  • Visa's net revenues increased by 24% to $7.1 billion.
  • GAAP net income reached $4.0 billion, with an EPS of $1.83.
  • Non-GAAP net income was $3.9 billion, resulting in an EPS of $1.81.
  • Cross-border volume, excluding intra-Europe transactions, increased by 51%.

Headline financials

Total Revenue

$7.06B

Previous: $5.69B+24.1%
EPS (adj)

$1.81

Previous: $1.42+27.5%
Cross-Border Volume Growth

40.0%

Previous: -21.0%+290.5%
Transactions Processed

47.6B

Previous: 39.2B+21.4%
Free Cash Flow

$3.96B

Previous: $3.13B+26.6%
Net Income

$3.96B

Previous: $3.13B+26.6%
Operating Income

$4.78B

Previous: $3.84B+24.2%
Cash & Equivalents

$14.7B

Previous: $15B-2.1%
Total Assets

$81.9B

Previous: $80.4B+1.9%

Revenue & EPS history

Visa · Revenue · Quarterly

$7.06B

Q1 2022+24.1%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Visa · $11.8B total across 5 segments · Q1 2022

  • Data Processing Revenue
    $3.61B+19.2%
  • Service Revenue
    $3.19B+19.3%
  • Client Incentives
    $2.37B+227.6%
  • International Transactions
    $2.17B+49.8%
  • Other Revenue
    $449M+16.9%

Forward guidance

Visa anticipates that the current surge in the pandemic will not curtail the recovery, expecting continued improvement in economies worldwide and a recovery in cross-border travel as restrictions are lifted. The company believes it is well-positioned to deliver strong results.

Tailwinds

  • Economies around the world continuing to improve
  • Restrictions being lifted
  • Cross-border travel will continue to recover
  • Well-positioned via multi-pronged growth strategy
  • Confident to deliver strong results well into the future

Headwinds

  • Impact of global economic, political, market, health and social events or conditions, including the ongoing effects of the COVID-19 pandemic
  • Increased oversight and regulation of the global payments industry and our business
  • Impact of government-imposed obligations and/or restrictions on international payment systems
  • Outcome of tax, litigation and governmental investigation matters
  • Increasingly intense competition in the payments industry, including competition for our clients and merchants

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 2022

Historical avgQ1 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro