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V Visa

Visa Inc. (NYSE: V) is the world's leader in digital payments. Company's mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Its 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 digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

Company profile

Ticker
V
Exchange
Website
CEO
Charles Scharf
Employees
Incorporated
Location
Fiscal year end
Former names
Visa Inc.
SEC CIK
Subsidiaries
Visa Europe Limited • Visa International Holdings, Inc. • Visa International Holdings Limited • Visa International • Visa U.S.A. Inc. • Visa Worldwide Pte. Limited ...
IRS number
260267673

V stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jul 21
23 Sep 21
30 Sep 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Visa earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 21 Mcinerney Ryan Class A Common Stock Sell Dispose S No Yes 229.1 11,193 2.56M 0
1 Sep 21 Mcinerney Ryan Class A Common Stock Option exercise Acquire M No No 45.0475 11,193 504.22K 11,193
1 Sep 21 Mcinerney Ryan Employee Stock Option Class A Common Stock Option exercise Dispose M No No 45.0475 11,193 504.22K 8,778
31 Aug 21 Alfred F Kelly JR Class A Common Stock Sell Dispose S No Yes 230.91 9,000 2.08M 142,112
31 Aug 21 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 109.82 3,000 329.46K 151,112
31 Aug 21 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 80.82 3,000 242.46K 148,112
31 Aug 21 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 109.82 3,000 329.46K 162,728
31 Aug 21 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 80.82 3,000 242.46K 116,904
12 Aug 21 Swainson John A Class A Common Stock Gift Acquire G Yes No 0 3,263 0 3,263
12 Aug 21 Swainson John A Class A Common Stock Gift Dispose G No No 0 3,263 0 16,253

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2857 2847 +0.4%
Opened positions 148 154 -3.9%
Closed positions 138 163 -15.3%
Increased positions 1296 1349 -3.9%
Reduced positions 1046 1041 +0.5%
13F shares
Current Prev Q Change
Total value 364.94B 332B +9.9%
Total shares 1.56B 1.57B -0.4%
Total puts 17.69M 19.64M -9.9%
Total calls 23.6M 29.3M -19.5%
Total put/call ratio 0.7 0.7 +11.8%
Largest owners
Shares Value Change
Vanguard 143.19M $33.48B +0.0%
BLK Blackrock 124.22M $29.05B -1.8%
TROW T. Rowe Price 82.51M $19.29B -1.8%
STT State Street 73.46M $17.18B +0.9%
FMR 57.67M $13.48B +1.7%
MS Morgan Stanley 41.71M $9.75B +1.3%
Geode Capital Management 28.01M $6.53B +4.5%
BAC Bank Of America 27.52M $6.44B +1.2%
Massachusetts Financial Services 24.26M $5.67B +1.8%
Fisher Asset Management 23.65M $5.53B +3.4%
Largest transactions
Shares Bought/sold Change
Amundi Pioneer Asset Management 0 -6.01M EXIT
Amundi 4.67M +4.67M NEW
Capital World Investors 5.42M -4.52M -45.5%
BLK Blackrock 124.22M -2.25M -1.8%
WDR Waddell & Reed Financial 0 -2.12M EXIT
BNP Paribas Arbitrage 2.27M -2.08M -47.8%
Alliancebernstein 20.74M +2.01M +10.7%
Rokos Capital Management 100 -1.95M -100.0%
Viking Global Investors 2.22M -1.82M -45.0%
BMO Bank of Montreal 6.75M +1.77M +35.5%

Financial report summary

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Risks
  • We are subject to complex and evolving global regulations that could harm our business and financial results.
  • Increased scrutiny and regulation of the global payments industry, including with respect to interchange reimbursement fees, merchant discount rates, operating rules, risk management protocols and other related practices, could harm our business.
  • Government-imposed obligations and/or restrictions on international payment systems may prevent us from competing against providers in certain countries, including significant markets such as China, India and Russia.
  • We may be subject to tax examinations or disputes, or changes in tax laws.
  • We may be adversely affected by the outcome of litigation or investigations, despite certain protections that are in place.
  • The extent to which the COVID-19 outbreak and measures taken in response thereto impact our business, results of operations and financial condition will depend on future developments, which are highly uncertain and are difficult to predict.
  • We face intense competition in our industry.
  • Our revenues and profits are dependent on our client and merchant base, which may be costly to win, retain, and maintain.
  • Merchants’ and processors’ continued push to lower acceptance costs and challenge industry practices could harm our business.
  • We depend on relationships with financial institutions, acquirers, processors, merchants, and other third parties.
  • Our business could be harmed if we are not able to maintain and enhance our brand, if events occur that have the potential to damage our brand or reputation, or if we experience brand disintermediation.
  • Our indemnification obligation to fund settlement losses of our clients exposes us to significant risk of loss and may reduce our liquidity.
  • The United Kingdom’s withdrawal from the European Union could harm our business and financial results.
  • Failure to anticipate, adapt to, or keep pace with, new technologies in the payments industry could harm our business and impact future growth.
  • A disruption, failure or breach of our networks or systems, including as a result of cyber-attacks, could harm our business.
  • We may not achieve the anticipated benefits of our acquisitions or strategic investments, and may face risks and uncertainties as a result.
  • We may be unable to attract, hire, and retain a highly qualified and diverse workforce, including key management.
  • The conversions of our class B and class C common stock or series A, B and C preferred stock into shares of class A common stock would result in voting dilution to, and could impact the market price of, our existing class A common stock.
  • Holders of our class B and C common stock and series A, B and C preferred stock may have different interests than our class A common stockholders concerning certain significant transactions.
  • Delaware law, provisions in our certificate of incorporation and bylaws, and our capital structure could make a merger, takeover attempt, or change in control difficult.
Management Discussion
  • (1)Figures in the table may not recalculate exactly due to rounding. Percentage changes are calculated based on unrounded numbers.
  • During the three-month comparable periods, net revenues increased primarily due to the growth in nominal payments volume, processed transactions and nominal cross-border volume, driven by fewer COVID-19 restrictions, partially offset by higher client incentives. During the nine-month comparable periods, net revenues increased primarily due to the growth in nominal payments volume and processed transactions, partially offset by higher client incentives and lower nominal cross-border volume.
  • Our net revenues are impacted by the overall strengthening or weakening of the U.S. dollar as payments volume and related revenues denominated in local currencies are converted to U.S. dollars. During the three and nine months ended June 30, 2021, exchange rate movements, which are partially mitigated by our hedging program, positively impacted our net revenues by approximately one percentage point and one half of a percentage point, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: AB, build, California, Camp, cardholder, Cloud, Coffee, Currencycloud, disgorgement, enrichment, Fraud, Group, hear, inclusive, jurisdiction, lapped, nationwide, Northern, Olympic, outset, platform, postponed, Protection, remeasured, remeasurement, restitution, resurgence, scheduled, speed, strength, summer, tailored, Tink, Unfair, unjust, Washington
Removed: development, hiring, improve, modify, restricting, scaling