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VISA, INC.

(V)
  Report
Delayed Nyse  -  04:00 2022-09-26 pm EDT
180.59 USD   -1.83%
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09/23Visa on Track for Lowest Close Since October 2020 -- Data Talk
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Visa's profits jump 32% as consumers start traveling again

07/26/2022 | 06:21pm EDT

NEW YORK (AP) — Visa Inc. said Tuesday that its fiscal third quarter profits rose 32% from a year earlier, helped by yet another double-digit rise in the amount of money processed on its credit and debit card network.

The payment processing company said it earned a profit of $3.4 billion, or $1.60 a share, compared to a profit of $2.57 billion, or $1.18 a share, in the same period a year earlier. Excluding one-time costs, Visa earned $1.98 per share this quarter, which was much better than the $1.75 a share that analysts had been expecting, according to FactSet.

San Francisco-based Visa has been benefiting from a worldwide migration from cash to digital forms of payments, either through online shopping or through the increased use of contactless payments. The company processed $2.939 trillion on its network last quarter, up 12% from a year earlier. Visa earns a small fee from every transaction that crosses its network, depending on the type of transaction and the merchant who used it.

Most notably cross-border payments were up 40% from a year earlier, a signal that consumers are returning to their pre-pandemic traveling habits.

“Consumers are back on the road, visiting various corners of the world, resulting in cross-border travel volume surpassing 2019 levels for the first time since the pandemic began in early 2020,” said Al Kelly, chairman and CEO of Visa, in a statement.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Financials (USD)
Sales 2022 29 096 M - -
Net income 2022 14 982 M - -
Net Debt 2022 5 065 M - -
P/E ratio 2022 25,7x
Yield 2022 0,82%
Capitalization 374 B 374 B -
EV / Sales 2022 13,0x
EV / Sales 2023 11,6x
Nbr of Employees 21 500
Free-Float 78,7%
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Mean consensus BUY
Number of Analysts 34
Last Close Price 180,59 $
Average target price 258,48 $
Spread / Average Target 43,1%
EPS Revisions
Managers and Directors
Alfred F. Kelly Chairman & Chief Executive Officer
Ryan McInerney President
Vasant M. Prabhu Vice Chairman & Chief Financial Officer
Rajat Taneja President-Technology
Kelly Mahon Tullier Vice Chairman, Secretary & Chief People Officer
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