Loading...
Docoh

Visa (V)

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
Alfred Kelly
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
4 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$100.93M 12.44M 12.44M 0
$4.16M 836.01K 836.01K 0
$2.98M 1.18M 1.18M 0
$2.51M 328.03K 328.03K 0
Holdings list only includes long positions. Only includes long positions.

Calendar

28 Jul 22
1 Oct 22
30 Sep 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19B 19B 19B 19B 19B 19B
Cash burn (monthly) (no burn) 189.83M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 580.33M n/a n/a n/a n/a
Cash remaining n/a 18.42B n/a n/a n/a n/a
Runway (months of cash) n/a 97.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

My notes
No notes yet
My annotations
No annotations yet
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Sep 22 Alfred F Kelly JR Class A Common Stock Sell Dispose S No Yes 180 6,000 1.08M 153,887
29 Sep 22 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 109.82 3,000 329.46K 159,887
29 Sep 22 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 80.82 3,000 242.46K 156,887
29 Sep 22 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 109.82 3,000 329.46K 123,728
29 Sep 22 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 80.82 3,000 242.46K 77,904
31 Aug 22 Alfred F Kelly JR Class A Common Stock Sell Dispose S No Yes 201 9,000 1.81M 153,887
31 Aug 22 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 109.82 3,000 329.46K 162,887
31 Aug 22 Alfred F Kelly JR Class A Common Stock Option exercise Acquire M No No 80.82 3,000 242.46K 159,887
31 Aug 22 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 109.82 3,000 329.46K 126,728
31 Aug 22 Alfred F Kelly JR Employee Stock Option Class A Common Stock Option exercise Dispose M No No 80.82 3,000 242.46K 80,904
93.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 3044 3116 -2.3%
Opened positions 133 190 -30.0%
Closed positions 205 178 +15.2%
Increased positions 1308 1404 -6.8%
Reduced positions 1256 1200 +4.7%
13F shares Current Prev Q Change
Total value 300.05B 338.62B -11.4%
Total shares 1.52B 1.53B -0.4%
Total puts 10.73M 17.38M -38.2%
Total calls 12.99M 18.96M -31.5%
Total put/call ratio 0.8 0.9 -9.9%
Largest owners Shares Value Change
Vanguard 144.32M $28.42B +0.6%
BLK Blackrock 124.17M $24.45B -2.3%
STT State Street 70.76M $13.93B -3.3%
TROW T. Rowe Price 51.26M $10.09B +0.4%
FMR 48.59M $9.57B -2.5%
MS Morgan Stanley 44.6M $8.78B +13.3%
Geode Capital Management 31.08M $6.11B +2.6%
BAC Bank Of America 26.41M $5.2B +0.5%
Alliancebernstein 25.36M $4.99B -0.7%
Massachusetts Financial Services 24.41M $4.81B +0.1%
Largest transactions Shares Bought/sold Change
Parametric Portfolio Associates 0 -7.42M EXIT
Capital World Investors 7.2M +7.05M +4757.3%
MUFG Securities EMEA 19.45M +5.59M +40.3%
MS Morgan Stanley 44.6M +5.24M +13.3%
Edgewood Management 13.13M -3.8M -22.4%
Generation Investment Management 0 -3.2M EXIT
BLK Blackrock 124.17M -2.87M -2.3%
STT State Street 70.76M -2.42M -3.3%
Aaron Wealth Advisors 11.1K -2.23M -99.5%
GS Goldman Sachs 9.84M +1.83M +22.8%

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.
  • 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 develop.
  • 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, payment facilitators, ecommerce platforms, fintechs 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.
  • 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 increased during the three and nine-month comparable periods primarily due to the growth in nominal cross-border volume, nominal payments volume and processed transactions, partially offset by higher client incentives.
  • 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, 2022, exchange rate movements and our hedging program negatively impacted our net revenues growth by approximately three percentage points and two percentage points, respectively.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: accumulated, anniversary, apportionment, automatically, Central, certified, combined, compliance, component, comprehensive, deed, eligible, equal, equally, Euro, fractional, hold, instrument, lieu, mentioned, occurrence, order, person, ranking, redeemed, redemption, refinancing, translation, unsecured, unsubordinated
Removed: continued, delay, globally, health, remain, remotely, speed, transmissibility, voluntarily