V FY 2021 Earnings Report — Visa Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported November 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$24.1B	—	$21.8B	—	10.3%
Op. Income	$15.8B	—	$14.1B	—	12.2%
Gross Margin	79.4%	—	79.3%	—	0.0pp
Net Margin	51.1%	—	49.7%	—	1.3pp
EPS (Diluted)	$5.63	—	$4.89	—	15.1%
Free Cash Flow	$14.5B	—	$9.7B	—	49.6%

Revenue Flow

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$5.0B
GROSS PROFIT	$19.1B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$1.4B
SG&A Expenses	$2.5B
Other Expenses	$807M
Operating Expenses	$3.3B
Cost & Expenses	$8.3B
OPERATING INCOME	$15.8B
Interest Income	$0
Interest Expense	$513M
Other Income/Expenses	$259M
INCOME BEFORE TAX	$16.1B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$12.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12.3B
D&A	$804M
EBIT	$16.6B
EBITDA	$17.4B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$24.1B
Cost of Revenue	$5.0B
GROSS PROFIT	$19.1B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$1.4B
SG&A Expenses	$2.5B
Other Expenses	$807M
Operating Expenses	$3.3B
Cost & Expenses	$8.3B
OPERATING INCOME	$15.8B
Interest Income	$0
Interest Expense	$513M
Other Income/Expenses	$259M
INCOME BEFORE TAX	$16.1B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$12.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12.3B
D&A	$804M
EBIT	$16.6B
EBITDA	$17.4B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$12.3B
Depreciation & Amortization	$804M
Stock-Based Compensation	$542M
Deferred Income Tax	$873M
Other Non-Cash Items	$7.4B
Change in Working Capital	-$6.7B
OPERATING CASH FLOW	$15.2B
Capital Expenditure	-$705M
Acquisitions (Net)	-$75M
Purchases of Investments	-$5.2B
Sales/Maturities of Investments	$5.7B
Other Investing Activities	$109M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	-$3.0B
Common Stock Repurchased	-$8.7B
Common Dividends Paid	-$2.8B
Other Financing Activities	-$144M
NET CASH FROM FINANCING	-$14.4B
FREE CASH FLOW	$14.5B
Net Change in Cash	$628M

Balance Sheet

Item	Amount
Cash & Equivalents	$16.5B
Short-Term Investments	$2.0B
Net Receivables	$3.7B
Inventory	$0
Other Current Assets	$4.5B
TOTAL CURRENT ASSETS	$27.6B
PP&E (Net)	$2.7B
Goodwill	$16.0B
Intangible Assets	$27.7B
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$7.2B
TOTAL NON-CURRENT ASSETS	$55.3B
TOTAL ASSETS	$82.9B
Account Payables	$266M
Short-Term Debt	$999M
Deferred Revenue	$0
Other Current Liabilities	$8.7B
TOTAL CURRENT LIABILITIES	$15.7B
Long-Term Debt	$20.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.1B
Other Non-Current Liabilities	$3.5B
TOTAL NON-CURRENT LIABILITIES	$29.6B
TOTAL LIABILITIES	$45.3B
Common Stock	$21.9B
Additional Paid-In Capital	$18.9B
Retained Earnings	$15.4B
Treasury Stock	$0
Accum. Other Comp. Income	$436M
Other Equity	-$22.1B
TOTAL STOCKHOLDERS' EQUITY	$37.6B
Minority Interest	$0
TOTAL EQUITY	$37.6B
TOTAL LIABILITIES & EQUITY	$82.9B
Total Debt	$21.0B
Net Debt	$4.5B