Visa Inc. (NYSE: V) reported its Q2 earnings on Tuesday and confirmed a solid 33% rise in quarterly profits, beating analysts’ estimates. Payments representing the dollar amount of purchases made with a Visa card rose by 8.7% to $2.23 trillion. The number of transactions rose 11.7% to $35.43 billion. The quarter ending June 30 reported a net income of $3.10 at $1.37 per Class A share in comparison to $2.33 billion a year earlier and analysts’ expectations of $1.32 per share. Net revenue increased to $5.84 billion revealing an increase of 11.5% and beating expectations at $5.70 billion.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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