Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of Visa (V) Q2 2022 earnings report
Credit card giant Visa Inc. (NYSE: V) has reported a double-digit increase in net profit and revenues for the second quarter of 2022. The results also exceeded Wall Street’s estimates, driving the company’s stock higher.
At $7.2 billion, second-quarter revenues were up 25% year-over-year and above analysts’ consensus forecast. Cross-border volume, excluding transactions within Europe, increased 47% on a constant-dollar basis for the three-month period.
Second-quarter earnings moved up to $3.65 billion or $1.70 per share from $3.03 billion or $1.38 per share in the same period of 2021. Adjusted earnings, excluding special items, rose to $1.79 per share from $1.38 per share in the prior-year quarter.
Check this space to read management/analysts’ comments on Visa’s Q2 2022 earnings
“We had a very strong quarter amidst the invasion of Ukraine and our decision to suspend operations in Russia, with GAAP EPS up 23% and non-GAAP EPS up 30%. The Omicron variant impacts were short-lived and the global economic recovery that began in the middle of last year continued,” said Alfred Kelly, Jr., CEO of Visa.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Autodesk (ADSK) is expected to report higher Q3 revenue and profit
Autodesk, Inc. (NASDAQ: ADSK) is all set to publish third-quarter financial results next week, amid expectations of a year-over-year increase in revenue and profit. The shift to a cloud-based model
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
