Categories AlphaGraphs, Earnings, Finance

Infographic: Visa Q3 2022 revenue up 19%; earnings beat

Credit card giant Visa Inc. (NYSE: V) reported a sharp increase in net profit and revenues for the third quarter of 2022. The bottom line also exceeded Wall Street’s estimates.

At $7.3 billion, third-quarter revenues were up 19% year-over-year. Cross-border volume, excluding transactions within Europe, increased 48% during the three-month period.

Third-quarter earnings moved up to $3.4 billion or $1.60 per share from $2.58 billion or $1.18 per share in the same period of 2021. Adjusted earnings, excluding special items, advanced 33% year-over-year to $1.98 per share, which is well above the consensus forecast.

Check this space to read management/analysts’ comments on Visa’s Q3 2022 earnings

“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. While the economic outlook is unclear, we remain confident in our ability to execute with discipline and expand Visa’s role at the center of money movement.,” said Alfred Kelly, Jr., CEO of Visa.

Prior Performance

  • Visa Q2 2022 earnings infographic
  • Visa Q1 2022 earnings infographic
  • Visa Q4 2021 earnings results


Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock


Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Add Comment
Viewing Highlight