VISA INC. V Income Statement

Visa inc. (V)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Jun'08
Revenues
Service revenues
-	-	-	-	-	-	-	-	-	-	-	1,948	1,993	1,918	1,768	1,635	1,699	1,645	1,637	1,550	1,577	1,538	1,499	1,417	1,462	1,419	1,385	1,298	1,369	1,300	1,264	1,216	1,241	1,151	1,105	1,055	1,093	1,008	912	873	885	827	808	769	804	793	749
Data processing revenues
-	-	-	-	-	-	-	-	-	-	-	1,984	1,843	1,892	1,779	1,541	1,473	1,479	1,429	1,400	1,340	1,383	1,348	1,321	1,234	1,264	1,186	1,191	1,150	1,115	1,062	1,040	922	951	925	886	823	844	840	792	728	765	727	605	544	554	539
International transaction revenues
-	-	-	-	-	-	-	-	-	-	-	1,571	1,469	1,489	1,489	1,084	1,045	1,031	1,091	1,039	964	970	938	860	871	891	899	854	831	805	796	748	733	748	758	662	624	630	619	574	545	552	507	458	446	505	449
Other revenue, net
-	-	-	-	-	-	-	-	-	-	-	209	203	203	218	209	198	198	216	199	204	204	212	195	183	180	183	179	175	179	172	175	179	178	171	167	156	161	167	183	173	190	163	158	148	156	150
Client incentives
-	-	-	-	-	-	-	-	-	-	-	1,147	1,031	1,041	993	839	789	788	802	670	676	713	768	638	587	599	680	521	567	553	563	614	497	481	576	448	451	405	421	393	372	374	2,142	-344	-295	-269	-274
Net revenues
5,854	6,054	6,137	5,840	5,494	5,506	5,434	5,240	5,073	4,862	4,855	4,565	4,477	4,461	4,261	3,630	3,626	3,565	3,571	3,518	3,409	3,382	3,229	3,155	3,163	3,155	2,973	3,001	2,958	2,846	2,731	2,565	2,578	2,547	2,383	2,322	2,245	2,238	2,117	2,029	1,959	1,960	1,879	1,646	1,647	1,739	1,613
Operating Expenses
Personnel
940	982	871	872	894	807	815	852	824	679	655	698	704	571	690	509	528	499	521	566	483	509	496	463	446	470	499	493	486	454	471	435	431	389	388	363	351	357	353	285	310	274	355	282	292	299	310
Marketing
235	274	306	282	241	276	264	240	261	223	290	221	193	218	300	189	186	194	253	224	190	205	241	228	245	186	236	252	195	193	271	242	170	190	239	251	183	197	233	277	238	216	283	229	196	210	271
Network and processing
183	181	193	184	171	173	188	169	169	160	167	158	150	145	161	123	126	128	134	117	109	114	128	127	120	132	122	117	119	110	111	102	103	98	106	91	80	80	119	103	98	105	111	97	92	93	84
Professional fees
103	106	149	113	101	91	134	112	108	92	144	102	83	80	113	138	66	72	107	82	77	70	94	82	77	75	130	103	91	88	134	99	82	70	115	84	77	61	108	77	50	51	86	62	64	56	108
Depreciation, Depletion and Amortization, Nonproduction
192	182	172	165	160	159	163	152	153	145	147	132	131	146	141	120	121	120	119	130	125	120	112	109	107	107	106	101	98	92	89	84	80	80	77	74	70	67	78	63	62	62	61	57	56	52	57
General and administrative
269	313	341	315	264	276	457	230	222	236	238	230	406	186	230	246	164	156	143	137	141	126	153	126	120	108	129	108	108	106	131	112	106	102	95	114	95	110	117	87	77	78	113	96	66	63	85
Litigation provision (Note 14)
8	0	370	1	22	7	7	600	0	0	2	0	2	15	1	0	1	0	-	0	3	-	-	0	0	-	0	-1	1	3	2	4,098	0	0	-	0	-6	-	-86	0	-2	43	-	-1	-	0	50
Visa Europe Framework Agreement loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,877	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,930	2,038	2,402	1,932	1,853	1,789	2,028	2,355	1,737	1,535	1,643	1,541	1,669	1,361	1,636	3,202	1,192	1,169	1,288	1,256	1,128	1,144	1,677	1,135	1,115	1,078	1,222	1,173	1,098	1,046	1,209	5,172	972	929	1,021	977	862	872	1,004	892	837	743	1,010	824	766	773	965
Operating income
3,924	4,016	3,735	3,908	3,641	3,717	3,406	2,885	3,336	3,327	3,212	3,024	2,808	3,100	2,625	428	2,434	2,396	2,283	2,262	2,281	2,238	1,552	2,020	2,048	2,077	1,751	1,828	1,860	1,800	1,522	-2,607	1,606	1,618	1,362	1,345	1,383	1,366	1,113	1,137	1,122	1,217	869	822	881	966	648
Non-operating Income (Expense)
Interest expense, net
-118	-111	-120	-128	-140	-145	-150	-155	-153	-154	-148	-140	-135	-140	-135	-131	-132	-29	-21	8	7	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-12	4	129	-13	-28	-16	-205	30	30	30	30
Equity in earnings of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-1	0
Investment income, net (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	9	10	20	1	23	5	18	504	34	19	97
Investment income and other
23	69	96	86	176	58	282	82	34	66	35	30	29	19	20	125	139	272	1	-102	8	27	-	-	-	-	-	-	-	-	-	-	-	-	-	121	-3	2	77	-3	-4	2	1	1	1	-1	-1
Total non-operating income (expense)
-95	-42	-24	-42	36	-87	132	-73	-119	-88	-113	-110	-106	-121	-115	-6	7	243	0	-94	1	24	-2	10	13	6	15	5	-3	1	66	0	3	-1	-8	198	-6	16	82	-15	-9	-9	-6	475	6	-13	66
Income before income taxes
3,829	3,974	3,711	3,866	3,677	3,630	3,538	2,812	3,217	3,239	3,099	2,914	2,702	2,979	2,510	422	2,441	2,639	2,283	2,168	2,282	2,262	1,550	2,030	2,061	2,083	1,766	1,833	1,857	1,801	1,588	-2,607	1,609	1,617	1,354	1,543	1,377	1,382	1,195	1,122	1,113	1,208	863	1,297	887	953	714
Income tax provision (Note 13)
745	702	686	765	700	653	693	483	612	717	959	855	2,272	909	579	10	734	698	771	471	732	693	477	670	463	676	574	608	587	508	-74	-768	317	590	476	539	497	498	422	406	401	445	349	568	352	379	292
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
3,084	3,272	3,025	3,101	2,977	2,977	2,845	2,329	2,605	2,522	2,140	2,059	430	2,070	1,931	412	1,707	1,941	1,512	1,697	1,550	1,569	1,073	1,360	1,598	1,407	1,192	1,225	1,270	1,293	1,662	-1,839	1,292	1,027	878	1,004	880	884	-	716	712	-	514	729	535	574	422
Loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2	-2	-1	-1	0	-	-	-1	-	0	0	-1	0	0
Net income attributable to Visa Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,662	-1,839	1,292	1,029	880	1,005	881	884	774	716	713	763	514	729	536	574	422
Class A common stock
Earnings Per Share, Basic
1.39	1.46	1.34	1.37	1.31	1.30	1.24	1.00	1.12	1.07	0.89	0.87	0.18	0.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
1,703	1,713	1,725	1,735	1,748	1,760	1,775	1,784	1,798	1,811	1,826	1,840	1,854	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
1.38	1.46	1.34	1.37	1.31	1.30	1.24	1.00	1.11	1.07	0.90	0.86	0.18	0.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
2,228	2,240	2,253	2,265	2,279	2,291	2,305	2,321	2,337	2,353	2,368	2,385	2,406	2,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B common stock
Earnings Per Share, Basic
2.25	2.37	2.20	2.23	2.13	2.12	2.01	1.66	1.84	1.77	1.48	1.43	0.30	1.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
245	245	245	245	245	245	245	245	245	245	245	245	245	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
2.25	2.37	2.18	2.23	2.13	2.12	2.01	1.65	1.84	1.77	1.49	1.42	0.29	1.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
245	245	245	245	245	245	245	245	245	245	245	245	245	245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class C common stock
Earnings Per Share, Basic
5.54	5.85	5.39	5.48	5.23	5.20	4.94	4.02	4.46	4.30	3.60	3.46	0.72	3.43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
11	11	12	12	12	12	11	12	12	13	10	14	15	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
5.54	5.84	5.35	5.48	5.23	5.20	4.93	4.01	4.46	4.29	3.60	3.45	0.72	3.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
11	11	12	12	12	12	11	12	12	13	10	14	15	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-