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V Visa

Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. It was launched in September 1958 by Bank of America as the BankAmericard credit card program. In response to competitor Master Charge , BofA began to license the BankAmericard program to other financial institutions in 1966. By 1970, BofA gave up direct control of the BankAmericard program, forming a consortium with the other various BankAmericard issuer banks to take over its management. It was then renamed Visa in 1976.

Company profile

Ticker
V
Exchange
Website
CEO
Alfred Kelly
Employees
Incorporated
Location
Fiscal year end
Former names
Visa Inc.
SEC CIK
IRS number
260267673

V stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jan 21
8 Mar 21
30 Sep 21
Quarter (USD)
Dec 20 Jun 20 Mar 20 Dec 19
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 Mar 21 Mcinerney Ryan Class A Common Stock Sell Dispose S No Yes 215.07 11,193 2.41M 0
1 Mar 21 Mcinerney Ryan Class A Common Stock Option exercise Aquire M No No 45.0475 11,193 504.22K 11,193
1 Mar 21 Mcinerney Ryan Employee Stock Option Class A Common Stock Option exercise Dispose M No No 45.0475 11,193 504.22K 75,938
26 Feb 21 Alfred F Kelly JR Class A Common Stock Sell Dispose S No Yes 214.05 9,000 1.93M 160,112
26 Feb 21 Alfred F Kelly JR Class A Common Stock Option exercise Aquire M No No 109.82 3,000 329.46K 169,112
26 Feb 21 Alfred F Kelly JR Class A Common Stock Option exercise Aquire M No No 80.82 3,000 242.46K 166,112
26 Feb 21 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 109.82 3,000 329.46K 180,728
26 Feb 21 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 80.82 3,000 242.46K 134,904
18 Feb 21 Cranston Mary B Class A Common Stock Sell Dispose S Yes No 207.51 4,900 1.02M 11,096
15 Feb 21 James H Hoffmeister RSU Class A Common Stock Grant Aquire A No No 0 3,810 0 3,810
92.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2801 2620 +6.9%
Opened positions 348 153 +127.5%
Closed positions 167 97 +72.2%
Increased positions 1277 1160 +10.1%
Reduced positions 914 1006 -9.1%
13F shares
Current Prev Q Change
Total value 345.47B 320.29B +7.9%
Total shares 1.57B 1.56B +0.5%
Total puts 22.91M 21.66M +5.8%
Total calls 25.11M 22.26M +12.8%
Total put/call ratio 0.9 1.0 -6.2%
Largest owners
Shares Value Change
Vanguard 144.09M $31.52B -0.8%
BLK Blackrock 127.16M $27.81B -0.2%
TROW T. Rowe Price 77.97M $17.04B +2.7%
STT State Street 73.68M $16.12B -2.5%
FMR 63.23M $13.83B -13.1%
MS Morgan Stanley 40.79M $8.92B +20.2%
BAC Bank Of America 27M $5.91B +1.3%
Geode Capital Management 26.29M $5.74B +0.2%
Massachusetts Financial Services 23.88M $5.22B -5.3%
Fisher Asset Management 22.22M $4.86B +3.2%
Largest transactions
Shares Bought/sold Change
Norges Bank 15.11M +15.11M NEW
BCS Barclays 3.71M -10.9M -74.6%
FMR 63.23M -9.52M -13.1%
MS Morgan Stanley 40.79M +6.86M +20.2%
Viking Global Investors 4.09M +3.76M +1170.4%
GS Goldman Sachs 12.47M +3.66M +41.6%
Capital World Investors 12.34M -3.42M -21.7%
Credit Agricole S A 3.44M +3.32M +2770.8%
Egerton Capital 4.19M +2.08M +98.4%
TROW T. Rowe Price 77.97M +2.06M +2.7%

Financial report summary

?
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.
  • Net revenues decreased in fiscal 2020 primarily due to the year-over-year changes in payments volume, cross-border volume and processed transactions, which were impacted by COVID-19 starting in the latter part of March 2020.
  • 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. Exchange rate movements in fiscal 2020, as partially mitigated by our hedging program, negatively impacted our net revenues growth by approximately half a percentage point.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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