VISA INC. V Income Statement

Visa inc. (V)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	7,627	7,314	7,020	6,747	6,616	6,531	6,409	6,302	6,164	6,031	5,916	5,797	5,683	5,564	5,471	5,352	5,231	5,149	5,021	4,872	4,713	4,552	4,404	4,261	4,068	3,886	3,678	3,497	3,393	3,289	3,208	3,174	3,115	0	0	0
Data processing revenues
-	-	-	-	-	-	-	-	-	-	-	7,498	7,055	6,685	6,272	5,922	5,781	5,648	5,552	5,471	5,392	5,286	5,167	5,005	4,875	4,791	4,642	4,518	4,367	4,139	3,975	3,838	3,684	3,585	3,478	3,393	3,299	3,204	3,125	3,012	2,825	2,641	2,430	2,242	0	0	0
International transaction revenues
-	-	-	-	-	-	-	-	-	-	-	6,018	5,531	5,107	4,649	4,251	4,206	4,125	4,064	3,911	3,732	3,639	3,560	3,521	3,515	3,475	3,389	3,286	3,180	3,082	3,025	2,987	2,901	2,792	2,674	2,535	2,447	2,368	2,290	2,178	2,062	1,963	1,916	1,858	0	0	0
Other revenue, net
-	-	-	-	-	-	-	-	-	-	-	833	833	828	823	821	811	817	823	819	815	794	770	741	725	717	716	705	701	705	704	703	695	672	655	651	667	684	713	709	684	659	625	612	0	0	0
Client incentives
-	-	-	-	-	-	-	-	-	-	-	4,212	3,904	3,662	3,409	3,218	3,049	2,936	2,861	2,827	2,795	2,706	2,592	2,504	2,387	2,367	2,321	2,204	2,297	2,227	2,155	2,168	2,002	1,956	1,880	1,725	1,670	1,591	1,560	3,281	2,544	1,877	1,234	-1,182	0	0	0
Net revenues
23,885	23,525	22,977	22,274	21,674	21,253	20,609	20,030	19,355	18,759	18,358	17,764	16,829	15,978	15,082	14,392	14,280	14,063	13,880	13,538	13,175	12,929	12,702	12,446	12,292	12,087	11,778	11,536	11,100	10,720	10,421	10,073	9,830	9,497	9,188	8,922	8,629	8,343	8,065	7,827	7,444	7,132	6,911	6,645	0	0	0
Operating Expenses
Personnel
3,665	3,619	3,444	3,388	3,368	3,298	3,170	3,010	2,856	2,736	2,628	2,663	2,474	2,298	2,226	2,057	2,114	2,069	2,079	2,054	1,951	1,914	1,875	1,878	1,908	1,948	1,932	1,904	1,846	1,791	1,726	1,643	1,571	1,491	1,459	1,424	1,346	1,305	1,222	1,224	1,221	1,203	1,228	1,183	0	0	0
Marketing
1,097	1,103	1,105	1,063	1,021	1,041	988	1,014	995	927	922	932	900	893	869	822	857	861	872	860	864	919	900	895	919	869	876	911	901	876	873	841	850	863	870	864	890	945	964	1,014	966	924	918	906	0	0	0
Network and processing
741	729	721	716	701	699	686	665	654	635	620	614	579	555	538	511	505	488	474	468	478	489	507	501	491	490	468	457	442	426	414	409	398	375	357	370	382	400	425	417	411	405	393	366	0	0	0
Professional fees
471	469	454	439	438	445	446	456	446	421	409	378	414	397	389	383	327	338	336	323	323	323	328	364	385	399	412	416	412	403	385	366	351	346	337	330	323	296	286	264	249	263	268	290	0	0	0
Depreciation, Depletion and Amortization, Nonproduction
711	679	656	647	634	627	613	597	577	555	556	550	538	528	502	480	490	494	494	487	466	448	435	429	421	412	397	380	363	345	333	321	311	301	288	289	278	270	265	248	242	236	226	222	0	0	0
General and administrative
1,238	1,233	1,196	1,312	1,227	1,185	1,145	926	926	1,110	1,060	1,052	1,068	826	796	709	600	577	547	557	546	525	507	483	465	453	451	453	457	455	451	415	417	406	414	436	409	391	359	355	364	353	338	310	0	0	0
Litigation provision (Note 14)
379	393	400	37	636	614	607	602	2	4	19	18	18	17	2	1	4	0	-	0	0	-	-	0	0	-	3	5	4,104	4,103	4,100	4,098	-6	0	-	0	0	-	-45	40	0	0	-	0	-	0	0
Visa Europe Framework Agreement loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
8,302	8,225	7,976	7,602	8,025	7,909	7,655	7,270	6,456	6,388	6,214	6,207	7,868	7,391	7,199	6,851	4,905	4,841	4,816	5,205	5,084	5,071	5,005	4,550	4,588	4,571	4,539	4,526	8,525	8,399	8,282	8,094	3,899	3,789	3,732	3,715	3,630	3,605	3,476	3,482	3,414	3,343	3,373	3,328	0	0	0
Operating income
15,583	15,300	15,001	14,672	13,649	13,344	12,954	12,760	12,899	12,371	12,144	11,557	8,961	8,587	7,883	7,541	9,375	9,222	9,064	8,333	8,091	7,858	7,697	7,896	7,704	7,516	7,239	7,010	2,575	2,321	2,139	1,979	5,931	5,708	5,456	5,207	4,999	4,738	4,589	4,345	4,030	3,789	3,538	3,317	0	0	0
Non-operating Income (Expense)
Interest expense, net
-477	-499	-533	-563	-590	-603	-612	-610	-595	-577	-563	-550	-541	-538	-427	-313	-174	-35	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	110	108	92	72	-262	-219	-161	-115	120	0	0	0
Equity in earnings of unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Investment income, net (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127	40	54	49	47	550	561	575	654	0	0	0
Investment income and other
274	427	416	602	598	456	464	217	165	160	113	98	193	303	556	537	310	179	-66	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	197	73	72	72	-4	0	5	2	0	0	0	0
Total non-operating income (expense)
-203	-72	-117	39	8	-147	-148	-393	-430	-417	-450	-452	-348	-235	129	244	156	150	-69	-71	33	45	27	44	39	23	18	69	64	70	68	-6	192	183	200	290	77	74	49	-39	451	466	462	534	0	0	0
Income before income taxes
15,380	15,228	14,884	14,711	13,657	13,197	12,806	12,367	12,469	11,954	11,694	11,105	8,613	8,352	8,012	7,785	9,531	9,372	8,995	8,262	8,124	7,903	7,724	7,940	7,743	7,539	7,257	7,079	2,639	2,391	2,207	1,973	6,123	5,891	5,656	5,497	5,076	4,812	4,638	4,306	4,481	4,255	4,000	3,851	0	0	0
Income tax provision (Note 13)
2,898	2,853	2,804	2,811	2,529	2,441	2,505	2,771	3,143	4,803	4,995	4,615	3,770	2,232	2,021	2,213	2,674	2,672	2,667	2,373	2,572	2,303	2,286	2,383	2,321	2,445	2,277	1,629	253	-17	65	615	1,922	2,102	2,010	1,956	1,823	1,727	1,674	1,601	1,763	1,714	1,648	1,591	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
12,482	12,375	12,080	11,900	11,128	10,756	10,301	9,596	9,326	7,151	6,699	6,490	4,843	6,120	5,991	5,572	6,857	6,700	6,328	5,889	5,552	5,600	5,438	5,557	5,422	5,094	4,980	5,450	2,386	2,408	2,142	1,358	4,201	3,789	3,646	3,484	3,192	0	-	0	0	-	2,352	2,260	0	0	0
Loss attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-4	-5	-6	-4	-3	0	0	-	-	0	-	-1	0	0	0	0
Net income attributable to Visa Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,144	1,362	4,206	3,795	3,650	3,544	3,255	3,087	2,966	2,706	2,719	2,542	2,353	2,261	0	0	0
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-