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Visa Inc. (V) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Visa Inc.

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CIK: 1403161 Ticker: V
Visa Inc. Reports Fiscal Third Quarter 2020 Results San Francisco, CA, July 28, 2020 – Visa Inc. (NYSE: V)  GAAP net income of $2.4B or $1.07 per share and non-GAAP net income of $2.3B or $1.06 per share  Net revenues of $4.8B, a decrease of 17%  While the underlying business drivers declined year-over-year due to the continuing impact of COVID-19, they improved each month throughout the quarter – meaningfully for payments volume and processed transactions and marginally for cross-border volume  Returned $1.6B of capital to shareholders in the form of share repurchases and dividends Q3 2020 Results (Ended June 30, 2020) Alfred F. Kelly, Jr., Chairman and Chief Executive Officer, Visa Inc., commented on the results: GAAP Non-GAAP (1) in billions, except “We continue to focus on managing our YoY YoY percentages and business for the medium and long-term per share data USD Change USD Change despite the challenges of the global Net Revenues $4.8 (17%) $4.8 (17%) pandemic. In the quarter, we were pleased to see strong growth in areas that are strategically important, including Net Income $2.4 (23%) $2.3 (24%) eCommerce, tap to pay, new flows and value-added services. We remain committed Earnings Per Share $1.07 (22%) $1.06 (23%) to our strategy and are thoughtfully investing to fuel Visa’s future performance.” (1) Non-GAAP results exclude equity investment gains and losses, amortization of acquired intangible assets and non-recurring acquisition-related costs. Q3 2020 Key Business Drivers (YoY increase / (decrease), volume in constant dollars) Payments Volume Cross-Border Volume Processed Transactions (10%) Excluding Intra-Europe(1): (47%) (13%) Total: (37%) (1) Cross-border volume excluding transactions within Europe.

The following information was filed by Visa Inc. (V) on Tuesday, July 28, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Visa Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Inside Visa Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statement Of Changes In Equity (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Changes In Equity (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Acquisitions
Acquisitions (Details)
Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents
Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents (Details)
Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents (Tables)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Future Principal Payments Of Outstanding Debt (Details)
Debt - Summary Of Debt (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Earnings Per Share - Basic And Diluted Earnings Per Share (Detail)
Fair Value Measurements And Investments
Fair Value Measurements And Investments (Tables)
Fair Value Measurements And Investments - Additional Information (Detail)
Fair Value Measurements And Investments - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements And Investments - Schedule Of Gains And Losses On Marketable And Non-Marketable Equity Securities (Details)
Fair Value Measurements And Investments - Schedule Of Non-Marketable Equity Securities (Details)
Income Taxes
Income Taxes - Additional Information (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Schedule Of Present Value Of Future Minimum Lease Payments (Details)
Legal Matters
Legal Matters (Tables)
Legal Matters - Additional Information (Details)
Legal Matters - Schedule Of Accrued Litigation For Both Covered And Non-Covered Litigation (Detail)
Revenues
Revenues (Details)
Revenues (Tables)
Settlement Guarantee Management
Settlement Guarantee Management (Tables)
Settlement Guarantee Management - Additional Information (Details)
Settlement Guarantee Management - Collateral (Detail)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Awards Granted To Company Employees And Non-Employee Directors Under The 2007 Equity Incentive Compensation Plan (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Effect Of Ve Territory Covered Losses Through Coversion Rate Adjustments (Details)
Stockholders' Equity - Number Of Shares Of Class A Common Shares Outstanding On An As-Converted Basis (Detail)
Stockholders' Equity - Share Repurchases In The Open Market (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
U.S. And Europe Retrospective Responsibility Plan
U.S. And Europe Retrospective Responsibility Plan (Tables)
U.S. And Europe Retrospective Responsibility Plan - Additional Details (Details)
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 - Changes In The U.S. Litigation Escrow Account (Detail)
Ticker: V
CIK: 1403161
Form Type: 10-Q Quarterly Report
Accession Number: 0001403161-20-000048
Submitted to the SEC: Thu Jul 30 2020 9:38:58 PM EST
Accepted by the SEC: Fri Jul 31 2020
Period: Tuesday, June 30, 2020
Industry: Business Services

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