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Visa Inc. (V) SEC Filing 10-Q Quarterly report for the period ending Thursday, December 31, 2020

Visa Inc.

CIK: 1403161 Ticker: V
In billions, except percentages and per share data. % change is calculated over the comparable prior-year period. Q1 2021 USD % Change Net Revenues $5.7 (6%) GAAP Net Income $3.1 (4%) GAAP Earnings Per Share $1.42 (3%) Non-GAAP Net Income(1) $3.1 (4%) Non-GAAP Earnings Per Share(1) $1.42 (3%) (1) Non-GAAP results exclude equity investment gains and losses, amortization of acquired intangible assets and non-recurring acquisition-related costs. Q1 2021 Key Business Drivers (YoY increase / (decrease), volume in constant dollars) Q1 2021 Payments Volume 5% Cross-Border Volume Excluding Intra-Europe(1) (33%) Cross-Border Volume Total (21%) Processed Transactions 4% (1) Cross-border volume excluding transactions within Europe. Visa Inc. Reports Fiscal First Quarter 2021 Results San Francisco, CA, January 28, 2021 – Visa Inc. (NYSE: V)  GAAP and non-GAAP net income of $3.1B or $1.42 per share  Net revenues of $5.7B, a decrease of 6%  Payments volume, cross-border volume and processed transactions growth all improved versus the prior quarter  Returned $2.5B of capital to shareholders in the form of share repurchases and dividends  The board of directors authorized a new $8.0 billion share repurchase program, bringing total funds available for share repurchase to over $11 billion Alfred F. Kelly, Jr., Chairman and Chief Executive Officer, Visa Inc., commented on the results: “Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment. We saw sustained strength of debit and eCommerce volumes as well as resilient domestic spending in most countries. We continued to deliver robust Visa Direct transaction growth and accelerated our value added services revenue – all reflective of our progress in the enablement of money movement globally. Looking ahead, I remain confident that Visa will exit the pandemic with strengthened prospects for our long- term growth.”


The following information was filed by Visa Inc. (V) on Thursday, January 28, 2021 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 2021 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
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 - 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 Non-Marketable Equity Securities (Details)
Income Taxes
Income Taxes - Additional Information (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 (Tables)
Revenues - Additional Information (Details)
Revenues - Schedule Of Net Revenues (Details)
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 - Additional Information (Details)
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: 0001403161-21-000012
Submitted to the SEC: Fri Jan 29 2021 4:02:28 PM EST
Accepted by the SEC: Fri Jan 29 2021
Period: Thursday, December 31, 2020
Industry: Business Services

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