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.

Statement of Comprehensive Income

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Visa Inc., consolidated statement of comprehensive income

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
Net income
Net unrealized gain (loss), net of tax
Reclassification adjustments, net of tax
Investment securities
Net unrealized actuarial gain (loss) and prior service credit (cost), net of tax
Reclassification adjustments, net of tax
Defined benefit pension and other postretirement plans
Net unrealized gain (loss), net of tax
Reclassification adjustments, net of tax
Derivative instruments
Foreign currency translation adjustments
Other comprehensive income (loss), net of tax
Comprehensive income

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).


Net Income
The net income exhibited a consistent upward trend from 2017 to 2022, increasing from $6,699 million to $14,957 million. There was steady growth year-over-year, with a minor decline in 2020 corresponding potentially to external economic factors or operational challenges. The recovery post-2020 was strong, reaching the highest value in 2022.
Net Unrealized Gain (Loss), Net of Tax
This item showed considerable volatility over the years. Starting at a modest gain of $36 million in 2017, it peaked at $75 million in 2018 before declining to a slight gain of $1 million in 2020, turning into losses by 2021 and 2022. The loss deepened substantially in 2022 to $105 million, indicating increased market fluctuations or investment depreciation during this period.
Reclassification Adjustments, Net of Tax (Investment Securities)
Reclassification adjustments for investment securities fluctuated without a clear trend. Notably, there was a significant negative adjustment in 2018 (-$165 million), while other years showed small positive or negative amounts, implying irregular reclassification activity or accounting changes affecting this line.
Investment Securities
Values under investment securities revealed negative figures in several years, with sharp decreases in 2018 and 2022 (-$90 million and -$105 million respectively). This suggests periods of devaluation or write-downs in the investment portfolio during these years.
Net Unrealized Actuarial Gain (Loss) and Prior Service Credit (Cost), Net of Tax
This metric showed fluctuating values from a high of $129 million in 2017 to significant negative values in 2019 (-$138 million) and 2022 (-$130 million). The data suggest volatility in actuarial assessments and service cost adjustments for employee benefit plans.
Reclassification Adjustments, Net of Tax (Defined Benefit Pension and Other Postretirement Plans)
The adjustments remained relatively small and consistent, ranging between $4 million and $20 million annually, indicating stable reclassifications in this category over time.
Defined Benefit Pension and Other Postretirement Plans
The figures varied notably, with positive values in 2017 ($149 million), 2020 ($9 million), and 2021 ($147 million), contrasted by negative values in 2019 (-$131 million) and 2022 (-$120 million). This volatility denotes fluctuations in pension valuations and associated plans.
Net Unrealized Gain (Loss), Net of Tax (Derivative Instruments)
Substantial variability is present in derivative instruments, ranging from positive gains of $208 million in 2019 to a significant loss in 2020 (-$428 million). Gains surged again in 2022 to $740 million, illustrating high sensitivity of derivative holdings to market conditions during this period.
Reclassification Adjustments, Net of Tax (Derivative Instruments)
These adjustments displayed variability, mostly small gains with some notable negative adjustments in 2019 and 2020 (-$69 million and -$62 million), indicating sporadic reclassification activity impacting derivative instruments.
Foreign Currency Translation Adjustments
This line showed high volatility with a peak gain of $1,511 million in 2020, contrasting with substantial negative values in 2018 (-$352 million), 2019 (-$1,228 million), and a significant decrease in 2022 (-$3,255 million). These swings suggest considerable impact from foreign exchange rate fluctuations on the reported financial results.
Other Comprehensive Income (Loss), Net of Tax
Other comprehensive income/loss mirrored the volatility in foreign currency translation adjustments and other components, swinging from a gain of $1,336 million in 2017 to a large loss of $2,805 million in 2022. This indicates significant swings in comprehensive income components outside of net income.
Comprehensive Income
Comprehensive income showed growth from $8,035 million in 2017 to a peak in 2020 of $11,895 million, followed by a slight decline in subsequent years, ending at $12,152 million in 2022. Despite fluctuations in other comprehensive income, overall comprehensive income remained positive and relatively stable.