The Strategist

Visa's net profit adds 21.5 percent for fiscal year



10/26/2022 - 10:09



Visa's net income grew to $15 billion in the fiscal year 2021–2022.



2018 Advantus Media, Inc. and QuoteInspector.com
2018 Advantus Media, Inc. and QuoteInspector.com
One of the two biggest bank card businesses in the world, U.S. Visa Inc., reported a 21.5 percent increase in net income to $14.957 billion for the fiscal year 2021–2022 compared to the prior year.

The company's diluted earnings were $7 per common share, up from $5.63 in the prior year. Visa's revenue also added 21.5 percent, reaching to $29.31 billion.

The company's net income for the fourth quarter of the fiscal year grew by over 10% from the same period the previous year to $3.94 billion. Diluted earnings per share rose to $1.86 from $1.65 in the prior year. The firm's quarterly revenue increased 18.7% to $7.787 billion.

source: bloomberg.com

 




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