Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Visa Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016
Cash and cash equivalents	13,842)	13,334)	15,689)	14,047)	12,299)	14,720)	16,487)	18,034)	16,494)	15,032)	16,289)	13,898)	9,740)	8,768)	7,838)	7,912)	7,648)	8,289)	8,162)	8,505)	8,142)	8,138)	9,874)	7,437)	6,427)	5,824)
Restricted cash equivalents, U.S. litigation escrow	1,616)	1,705)	1,449)	1,483)	882)	1,144)	894)	894)	894)	894)	901)	1,148)	1,264)	1,634)	1,205)	902)	899)	1,496)	1,491)	1,487)	884)	883)	1,031)	1,030)	1,029)	1,028)
Investment securities	2,752)	2,785)	2,833)	3,309)	1,230)	1,201)	2,025)	1,206)	2,058)	3,009)	3,752)	2,739)	2,411)	3,902)	4,236)	3,265)	3,876)	3,461)	3,547)	3,396)	3,577)	3,413)	3,564)	2,754)	1,495)	3,697)
Settlement receivable	1,942)	2,127)	1,932)	1,860)	1,632)	1,788)	1,758)	1,663)	1,434)	1,596)	1,264)	2,111)	1,432)	3,273)	3,048)	1,689)	1,574)	3,123)	1,582)	1,615)	2,501)	1,618)	1,422)	1,419)	3,350)	1,333)
Accounts receivable	2,122)	2,113)	2,020)	2,021)	2,135)	2,168)	1,968)	1,852)	1,791)	1,746)	1,618)	1,453)	1,516)	1,661)	1,542)	1,531)	1,404)	1,405)	1,208)	1,220)	1,259)	1,281)	1,132)	1,105)	1,081)	1,120)
Customer collateral	2,739)	2,591)	2,342)	2,261)	2,309)	2,284)	2,260)	2,221)	2,057)	1,993)	1,850)	1,759)	1,698)	1,698)	1,648)	1,668)	1,735)	1,330)	1,324)	1,346)	1,250)	1,155)	1,106)	1,075)	1,043)	1,006)
Current portion of client incentives	1,477)	1,402)	1,272)	1,323)	1,309)	1,334)	1,359)	1,321)	1,324)	1,281)	1,214)	1,150)	957)	803)	741)	690)	589)	547)	340)	377)	331)	295)	344)	308)	292)	265)
Prepaid expenses and other current assets	2,167)	1,802)	2,668)	2,667)	2,295)	1,267)	856)	851)	849)	729)	757)	753)	889)	580)	712)	648)	765)	456)	562)	545)	592)	504)	550)	590)	788)	416)
Current assets	28,657)	27,859)	30,205)	28,971)	24,091)	25,906)	27,607)	28,042)	26,901)	26,280)	27,645)	25,011)	19,907)	22,319)	20,970)	18,305)	18,490)	20,107)	18,216)	18,491)	18,536)	17,287)	19,023)	15,718)	15,505)	14,689)
Investment securities	2,840)	2,735)	2,136)	2,240)	2,296)	2,087)	1,705)	1,111)	110)	161)	231)	547)	1,064)	1,719)	2,157)	2,918)	3,506)	4,132)	4,082)	2,835)	2,602)	2,674)	1,926)	2,117)	2,882)	3,802)
Client incentives	3,737)	3,657)	3,348)	3,321)	3,256)	3,290)	3,245)	3,219)	3,252)	3,192)	3,175)	3,168)	3,110)	2,481)	2,084)	1,854)	1,664)	1,264)	538)	545)	566)	557)	591)	553)	486)	484)
Property, equipment and technology, net	3,359)	3,236)	3,223)	3,146)	3,120)	2,908)	2,715)	2,707)	2,684)	2,713)	2,737)	2,746)	2,776)	2,739)	2,695)	2,549)	2,456)	2,437)	2,472)	2,387)	2,366)	2,238)	2,253)	2,202)	2,133)	2,201)
Goodwill	18,078)	18,024)	17,787)	17,977)	18,143)	16,555)	15,958)	16,021)	15,980)	16,121)	15,910)	15,791)	15,755)	15,767)	15,656)	15,313)	15,088)	15,149)	15,194)	15,204)	15,372)	15,162)	15,110)	15,009)	14,825)	14,892)
Intangible assets, net	26,574)	26,307)	25,065)	26,093)	27,006)	27,272)	27,664)	28,023)	27,823)	28,593)	27,808)	27,188)	27,011)	27,137)	26,780)	27,272)	26,966)	27,301)	27,558)	27,628)	28,537)	28,109)	27,848)	27,322)	26,416)	26,381)
Other assets	3,510)	3,569)	3,737)	3,662)	3,896)	3,911)	4,002)	3,548)	3,445)	3,366)	3,413)	3,433)	3,197)	2,619)	2,232)	2,038)	1,695)	1,265)	1,165)	1,085)	1,063)	1,127)	1,226)	1,079)	980)	921)
Non-current asset	58,098)	57,528)	55,296)	56,439)	57,717)	56,023)	55,289)	54,629)	53,294)	54,146)	53,274)	52,873)	52,913)	52,462)	51,604)	51,944)	51,375)	51,548)	51,009)	49,684)	50,506)	49,867)	48,954)	48,282)	47,722)	48,681)
Total assets	86,755)	85,387)	85,501)	85,410)	81,808)	81,929)	82,896)	82,671)	80,195)	80,426)	80,919)	77,884)	72,820)	74,781)	72,574)	70,249)	69,865)	71,655)	69,225)	68,175)	69,042)	67,154)	67,977)	64,000)	63,227)	63,370)

Cash and Cash Equivalents: The cash position exhibits an overall increasing trend from December 2016 to March 2023, rising from approximately $5.8 billion to $13.8 billion. Notable surges occurred between March 2020 and September 2020, peaking around $16.3 billion in the second quarter of 2020 before stabilizing somewhat in later periods.
Restricted Cash Equivalents, U.S. Litigation Escrow: Values fluctuate within the range of $880 million to $1.7 billion, with considerable volatility. Peaks are observed around December 2019 and again early 2023, indicating changes in litigation-related escrow amounts.
Investment Securities (Current and Non-Current): Current investment securities demonstrate a decline beginning around December 2019 through mid-2021, reducing from over $1.7 billion to as low as $110 million, before recovering slightly by early 2023. Non-current investment securities display a similar pattern with a peak in late 2018 followed by a gradual decrease into mid-2020 and stabilizing thereafter.
Settlement Receivable: The settlement receivable figures show considerable variability. Initial fluctuations are noted, with notable increases in late 2018 and 2019, followed by a downward correction during 2020, and a moderate upward trend resuming towards early 2023.
Accounts Receivable: There is a steady increase in accounts receivable over the period analyzed, growing from around $1.1 billion in late 2016 to over $2.1 billion by early 2023, indicating expanding credit extended to clients.
Customer Collateral: Customer collateral consistently increases from approximately $1 billion in December 2016 to close to $2.7 billion in early 2023, reflecting potentially higher customer transactions or collateral requirements.
Current Portion of Client Incentives: This item shows growth especially from late 2017 onwards, increasing from $547 million to roughly $1.5 billion by early 2023, suggesting enhanced client incentive programs.
Prepaid Expenses and Other Current Assets: The amounts here are marked by volatility, with a significant rise observed in the early 2020 to 2022 periods, peaking in the first quarter of 2022 at over $2.6 billion, before a decline towards early 2023.
Total Current Assets: Total current assets increase overall from about $14.7 billion at the end of 2016 to approaching $28.7 billion in early 2023, with some dips around early 2022 indicating some liquidity fluctuations.
Client Incentives: Client incentives rise markedly from under $500 million in late 2016 to over $3.7 billion by the first quarter of 2023, reflecting aggressive client reward strategies.
Property, Equipment, and Technology, Net: A gradual increase is noted in fixed assets, rising from approximately $2.2 billion in December 2016 to about $3.4 billion in early 2023, indicating ongoing investment in infrastructure.
Goodwill: Goodwill values remain relatively stable around $15 billion to $18 billion, with moderate increments, peaking in the first quarter of 2022, aligned with acquisitions or revaluations.
Intangible Assets, Net: Intangible assets fluctuate somewhat, peaking near $28.5 billion in March 2021 before declining to approximately $26.6 billion by early 2023, reflecting amortization and possible asset write-downs.
Other Assets: These assets increase from about $921 million to over $3.5 billion over the reporting periods, indicating potential growth in miscellaneous or long-term holdings.
Non-current Assets: Non-current assets rise from roughly $48.7 billion at year-end 2016 to about $58.1 billion by the first quarter of 2023, demonstrating substantial asset base growth primarily driven by intangible and goodwill increases.
Total Assets: Total assets experience growth overall, increasing from approximately $63.4 billion at the end of 2016 to about $86.8 billion in early 2023. Although minor fluctuations occur, particularly during 2020-2022, the upward trajectory signals expansion and asset accumulation over the period.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Visa Inc. (NYSE:V)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data