Stock Analysis on Net

Visa Inc. (NYSE:V)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Visa Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
Service revenues
Data processing revenues
International transaction revenues
Other revenues
Client incentives
Net revenues

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).


Service Revenues
Service revenues showed a consistent upward trend from 2017 through 2022. Starting at 7,975 million USD in 2017, the revenues increased each year, reaching 13,361 million USD in 2022. The growth accelerated notably between 2020 and 2022.
Data Processing Revenues
Data processing revenues also exhibited steady growth over the period, rising from 7,786 million USD in 2017 to 14,438 million USD in 2022. The increase was relatively smooth, with no declines, reflecting consistent expansion in this revenue category. The largest increments occurred in the last two years.
International Transaction Revenues
International transaction revenues displayed variability rather than steady growth. From 6,321 million USD in 2017, revenues climbed to 7,804 million USD by 2019 before experiencing a sharp decline in 2020 to 6,299 million USD. This was followed by a partial recovery to 9,815 million USD in 2022, indicating volatility likely influenced by external factors affecting international transactions.
Other Revenues
Other revenues steadily increased from 841 million USD in 2017 to 1,991 million USD in 2022. The growth was consistent year-over-year, suggesting continuous diversification or incremental gains in smaller revenue streams.
Client Incentives
Client incentives, recorded as negative values, increased in magnitude from -4,565 million USD in 2017 to -10,295 million USD in 2022. This indicates a significant rise in incentives offered to clients, which could impact net profitability despite revenue gains.
Net Revenues
Net revenues demonstrated an overall upward trajectory, increasing from 18,358 million USD in 2017 to 29,310 million USD in 2022. However, there was a slight dip in 2020 to 21,846 million USD, likely reflecting the impact of reduced international transaction revenues and increased client incentives. Post-2020, net revenues recovered strongly, surpassing previous highs.