Visa Inc. Earnings Cheat Sheet: Double-Digit Profit and Sales Growth

S&P 500 (NYSE:SPY) component Visa Inc. (NYSE:V) reported its results for the second quarter. Visa Inc. is a global payments technology company that connects consumers, businesses, banks and governments around the world.

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Visa Earnings Cheat Sheet for the Second Quarter

Results: Net income for Visa Inc. rose to $881 million ($1.23/share) vs. $713 million (96 cents/share) in the same quarter a year earlier. A rise of 23.6% from the year earlier quarter.

Revenue: Rose 14.6% to $2.25 billion YoY.

Actual vs. Wall St. Expectations: V beat the mean analyst estimate of $1.20/share. Estimates ranged from $1.14 per share to $1.30 per share.

Quoting Management: “Visa delivered a solid financial performance in our fiscal second quarter with double-digit growth in payments volume, cross border volume and Visa-processed transactions from across the globe,” said Joseph Saunders, Chairman and Chief Executive Officer of Visa Inc. “With a strong first half of our fiscal 2011 year behind us, we remain focused on driving continued transaction growth, maintaining strong financial performance and expense control discipline, and delivering value to our shareholders through share repurchase programs and dividend payments.”

Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 16.7%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 23.3% from the year earlier quarter.

The company has now seen net income rise in three-straight quarters. In the first quarter, net income rose 15.9% and in the fourth quarter of the last fiscal year, the figure rose 50.6%.

Competitors to Watch: MasterCard Incorporated (NYSE:MA), Fidelity National Information Services (NYSE:FIS), American Express Company (NYSE:AXP), Discover Financial Services (NYSE:DFS), Bank of America (NYSE:BAC), Citigroup (NYSE:C), JP Morgan (NYSE:JPM) Green Dot Corporation (NYSE:GDOT), NetSpend Holdings Inc (NASDAQ:NTSP), CompuCredit Holdings Corp (NASDAQ:CCRT), Alliance Data Systems Corp. (NYSE:ADS), Fiserv, Inc. (NASDAQ:FISV), and MoneyGram Intl., Inc. (NYSE:MGI)

Stock Performance: Shares of V down 1.42% after hours from the today’s closing price of $78.70.


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