Stock Analysis on Net
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.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Visa Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net revenues
Personnel
Marketing
Network and processing
Professional fees
Depreciation and amortization
General and administrative
Litigation provision
Operating expenses
Operating income
Interest expense
Investment income (expense) and other
Non-operating income (expense)
Income before income taxes
Income tax provision
Net income

Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).

Net Revenues
Net revenues show a general upward trend over the periods, increasing from 4,461 million USD at the end of 2016 to a high point of around 7,985 million USD in March 2023. There are minor fluctuations, including a decline in mid-2020, likely reflecting external challenges, but the recovery thereafter is strong and continuous.
Personnel Expenses
Personnel expenses rise notably from -571 million USD in late 2016 to peaks above -1,500 million USD by early 2023. The data shows steady growth in expenditures in this category, with a marked increase beginning around early 2018 and persisting through to 2023, indicating expanding workforce costs or increased compensation.
Marketing Expenses
Marketing costs fluctuate considerably, showing peaks and troughs across quarters. Initial values near -218 million USD vary but trend upward sporadically, with a significant peak around -457 million USD in late 2021. This suggests periods of intensified marketing activity possibly related to product launches or competitive positioning.
Network and Processing Expenses
Expenses for network and processing remain relatively stable, hovering between -145 million and -192 million USD over the periods. Minor variability indicates consistent investment in core infrastructure without major disruptions or expansions.
Professional Fees
Professional fees exhibit variability, with values typically ranging from about -80 million to -163 million USD. Peaks in fees may correspond to specific consulting or advisory activities, with elevated levels around 2017 and 2022-2023.
Depreciation and Amortization
There's a steady increase in depreciation and amortization expenses, rising from approximately -146 million USD in 2016 to around -234 million USD by early 2023. This pattern reflects ongoing capital investment and asset base growth over time.
General and Administrative Expenses
These expenses show considerable variability, with spikes such as -406 million USD in early 2017 and -457 million USD in late 2018. Generally fluctuating between -180 million and -360 million USD, elevated values may indicate occasional higher administrative costs or restructuring activities.
Litigation Provision
Litigation provisions are inconsistent and often missing, with occasional large negative spikes such as -600 million USD in mid-2018 and -717 million USD in late 2022, indicating notable legal or regulatory charges in those periods.
Operating Expenses
Operating expenses exhibit growth over time, increasing from approximately -1,361 million USD at the end of 2016 to peaks exceeding -3,100 million USD in late 2022. This reflects both the rise in personnel costs and other operating components, though the increase is not perfectly linear and includes some quarters with expense reductions.
Operating Income
Operating income generally trends upwards, moving from 3,100 million USD in late 2016 to over 5,300 million USD in early 2023. Notable dips occur in 2020, possibly related to broader economic factors, but the subsequent rebound demonstrates improved operating performance.
Interest Expense
Interest expenses decrease slightly over the timeframe, moving from around -140 million USD to approximately -142 million USD with minor fluctuations. The relative stability suggests controlled financing costs.
Investment Income (Expense) and Other
This category shows considerable variability, with some significant positive spikes such as 282 million USD in late 2017 and 456 million USD in late 2021, despite some negative values in 2022. The overall pattern suggests occasional gains from investments or other activities that impact non-operating income.
Non-operating Income (Expense)
Non-operating income and expenses alternate between negatives and positives, with notable income spikes in late 2017 (132 million USD) and late 2021 (325 million USD). Periods of negative non-operating impacts also exist, suggesting episodic non-core financial results.
Income Before Income Taxes
Income before taxes follows operating income trends, increasing from 2,979 million USD in 2016 to a peak of 5,278 million USD in early 2023, with moderate fluctuations. The data indicates steady pre-tax profitability growth over the entire interval.
Income Tax Provision
Income tax provisions fluctuate dramatically, with unusually high values at times, for example -2,272 million USD in early 2017 and -1,814 million USD in late 2021. Some quarters show relatively lower tax provisions, indicating variability likely due to tax planning, adjustments, or differing effective tax rates.
Net Income
Net income presents a clear growth trajectory overall, rising from around 2,070 million USD in late 2016 to over 4,257 million USD by early 2023. Temporary declines occur in 2020, aligning with global economic disruptions, followed by a consistent recovery and growth trend thereafter.