Categories AlphaGraphs, Finance

Visa Inc. (V) Earnings: 1Q21 Key Numbers

Visa Inc. (NYSE: V) reported first quarter 2021 earnings results today.

Net revenues fell 6% year-over-year to $5.7 billion mainly due to the year-over-year decline in cross-border volume. Revenues decreased approx. 6% on a constant dollar basis.

Net income decreased 4% to $3.1 billion while EPS dropped 3% to $1.42 both on a GAAP and adjusted basis.

Due to the prevailing uncertainty over the COVID-19 pandemic and the state of the global economy, the company did not provide an outlook for the full year of 2021.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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