Earnings release
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VISA 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 ● In billions , except percentages and per share data . % change is calculated over the comparable prior - year period . Net Revenues GAAP Net Income USD $ 5.7 $ 3.1 $ 1.42 Q1 2021 Key Business Drivers ( YoY increase / ( decrease ) , volume in constant dollars ) Payments Volume Cross - Border Volume Excluding Intra - Europe ( ¹ ) Cross - Border Volume Total GAAP Earnings Per Share Non - GAAP Net Income ( ¹ ) $ 3.1 Non - GAAP Earnings Per Share ( ¹ ) $ 1.42 ( 1 ) Non - GAAP results exclude equity investment gains and losses , amortization of acquired intangible assets and non - recurring acquisition - related costs . Processed Transactions ( 1 ) Cross - border volume excluding transactions within Europe . Q1 2021 Q1 2021 5 % % Change ( 6 % ) ( 4 % ) ( 3 % ) ( 4 % ) ( 3 % ) ( 33 % ) ( 21 % ) 4 % 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 - e - 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 . "