Last10K.com

Visa Inc. (V) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 30, 2017

Visa Inc.

HISTORY TOOLS
CIK: 1403161 Ticker: V

Exhibit 99.1
vbm_blugrad01.gif
Visa Inc. Reports Strong Fiscal Fourth Quarter and Full-Year 2017 Results
San Francisco, CA, October 25, 2017 - Visa Inc. (NYSE: V) today announced financial results for the Company’s fiscal fourth quarter and full year 2017, ended September 30, 2017. 

Fiscal Fourth Quarter:
•
GAAP net income of $2.1 billion or $0.90 per share
•
Net operating revenues of $4.9 billion, an increase of 14%, driven by continued growth in payments volume, cross-border volume and processed transactions
•
Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 10% over the prior year
•
Cross-border volume growth, on a constant dollar basis, was 10% over the prior year
•
Total Visa processed transactions increased 13% over the prior year
•
Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends

Fiscal Full Year:
•
GAAP 2017 net income of $6.7 billion or $2.80 per share and adjusted full-year net income of $8.3 billion or $3.48 per share
•
2017 net operating revenues of $18.4 billion, an increase of 22%, driven by inclusion of Visa Europe and continued growth in payments volume, cross-border volume and processed transactions
•
Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 30% over the prior year, or 11% inclusive of Visa Europe in prior year's results
•
Cross-border volume growth, on a constant dollar basis, was 80% or 11% inclusive of Visa Europe in prior year's results
•
Total Visa processed transactions increased 34% over the prior year, or 13% inclusive of Visa Europe in prior year's results
•
Returned approximately $8.5 billion of capital to shareholders in the form of share repurchases and dividends

“Visa ended our fiscal year as we began, with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe,” said Alfred F. Kelly, Jr., Chief Executive Officer of Visa Inc.  “We’re very pleased with our progress in Europe and will continue to make strategic investments that will further strengthen our franchise there and globally.  As we look ahead to fiscal 2018, we are positioned for sustained growth and remain confident in our ability to continue delivering strong shareholder value.”

1
The following information was filed by Visa Inc. (V) on Wednesday, October 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Visa Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Visa Inc..

Continue

Assess how Visa Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Visa Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
Legal
M & A
Other
Filter Subcategory:
All
Geography
Expense
Product
Earnings
Income
Cash Flow
Other
Inside Visa Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Accrued And Other Liabilities
Accrued And Other Liabilities (tables)
Accrued Liabilities (detail)
Amortized Cost, Unrealized Gains And Losses, And Fair Value Of Available-for-sale Securities (detail)
Amounts From Accumulated Other Comprehensive Income To Be Amortized Into Net Periodic Benefit Cost (detail)
Amounts Recognized In Accumulated Comprehensive Income Before Tax (detail)
Assets And Liabilities Measured At Fair Value On A Recurring Basis (detail)
Assumptions Used To Estimate The Fair Value Of Each Stock Option On The Date Of Grant Using A Black-scholes Option Pricing Model (detail)
Basic And Diluted Earnings Per Share (detail)
Benefit Obligations In Excess Of Plan Assets Related To The Company's U.s. Non-qualified Plan And The Non-u.s. Pension Plans (detail)
Cash Flows - Employer Contributions (detail)
Change In Benefit Obligation (detail)
Changes In The U.s. Litigation Escrow Account (detail)
Collateral (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Contractual Maturity Of Available-for-sale Debt Securities (detail)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt - Debt Maturities (details)
Debt - Senior Notes (details)
Derivative Financial Instruments
Derivative Financial Instruments - Additional Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Enterprise-wide Disclosures And Concentration Of Business
Enterprise-wide Disclosures And Concentration Of Business (tables)
Enterprise-wide Disclosures And Concentration Of Business - Additional Information (detail)
Estimated Future Amortization Expense On Finite-lived Intangible Assets (detail)
Estimated Future Amortization Expense On Technology Placed In Service (detail)
Expected Reduction Of Revenue For Volume And Support Incentive Agreements (detail)
Fair Value Measurements And Investments
Fair Value Measurements And Investments - Additional Information (detail)
Fair Value Measurements And Investments (tables)
Fair Value Measurements And Investments Carrying Amount And Estimated Fair Value Of Debt (details)
Fair Value Of Intangible Assets And Related Accumulated Amortization Expense (detail)
Future Minimum Payments On Leases And Marketing And Sponsorship Agreements (detail)
Income Before Taxes By Fiscal Year (detail)
Income Tax Expense By Fiscal Year (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Information That Causes The Income Tax Expense To Differ From The Amount Of Income Tax Determined By Applying The Applicable U.s. Federal Statutory Rate Of 35% To Pretax Income (detail)
Intangible Assets, Net
Intangible Assets, Net (tables)
Intangible Assets, Net - Additional Information (detail)
Investment Income, Net (detail)
Legal Matters
Legal Matters (tables)
Legal Matters - Additional Information (detail)
Legal Matters Legal Matters - Accrued Litigation (details)
Long-lived Net Property, Equipment And Technology Assets Classified By Major Geographic Area (detail)
Net Periodic Pension And Other Postretirement Plan Cost (detail)
Number Of Shares Of Class A Common Shares Outstanding On An As-converted Basis (detail)
Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (detail)
Other Long-term Liabilities (detail)
Pension, Postretirement And Other Benefits
Pension, Postretirement And Other Benefits (tables)
Pension, Postretirement And Other Benefits - Additional Information (detail)
Plan's Investments At Fair Value (detail)
Property, Equipment And Technology, Net
Property, Equipment And Technology, Net (detail)
Property, Equipment And Technology, Net (tables)
Property, Equipment And Technology, Net - Additional Information (detail)
Reconciliation Of Beginning And Ending Unrecognized Tax Benefits By Fiscal Year (detail)
Related Parties
Related Parties Related Parties (details)
Settlement Guarantee Management
Settlement Guarantee Management (tables)
Settlement Guarantee Management - Additional Information (detail)
Share-based Compensation
Share-based Compensation (tables)
Share-based Compensation - Additional Information (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity Effect Of Ve Territory Covered Losses Recovery On The Company Repurchasing Its Common Stock (details)
Stockholders' Equity Share Repurchases In The Open Market (details)
Summary Of Option Activity (detail)
Summary Of Performance-based Shares Activity (detail)
Summary Of Rsa And Rsu Activity (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (detail)
Tax Effect Of Temporary Differences That Give Rise To Significant Portions Of Deferred Tax Assets And Liabilities (detail)
U.s. And Europe Retrospective Responsibility Plan
U.s. And Europe Retrospective Responsibility Plan (tables)
U.s. And Europe Retrospective Responsibility Plan Changes In Preferred Stock And Right To Recover Covered Losses (details)
U.s. And Europe Retrospective Responsibility Plan U.s. And Europe Retrospective Responsibility Plan Additional Details (details)
Visa Europe
Visa Europe (tables)
Visa Europe - Additional Information (detail)
Visa Europe - Purchase Price Allocation (details)
Weighted Average Actuarial Assumptions (detail)
Ticker: V
CIK: 1403161
Form Type: 10-K Annual Report
Accession Number: 0001403161-17-000044
Submitted to the SEC: Thu Nov 16 2017 8:07:25 PM EST
Accepted by the SEC: Fri Nov 17 2017
Period: Saturday, September 30, 2017
Industry: Business Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/v/0001403161-17-000044.htm