V Q2 2016 Earnings Report — Visa Inc. Revenue & Financial Results | Market Cap Arena

Q2 2016 Earnings

Reported April 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$3.6B	—	—	—	—
Op. Income	$2.4B	—	—	—	—
Gross Margin	82.0%	—	—	—	—
Net Margin	47.1%	—	—	—	—
EPS (Diluted)	$0.71	—	—	—	—
Free Cash Flow	$716M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$654M
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$186M
General & Administrative	$230M
SG&A Expenses	$416M
Other Expenses	$122M
Operating Expenses	$538M
Cost & Expenses	$1.2B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$132M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$734M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$1.7B
D&A	$121M
EBIT	$2.6B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$654M
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$186M
General & Administrative	$230M
SG&A Expenses	$416M
Other Expenses	$122M
Operating Expenses	$538M
Cost & Expenses	$1.2B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$132M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$734M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	-$4M
BOTTOM LINE NET INCOME	$1.7B
D&A	$121M
EBIT	$2.6B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$121M
Stock-Based Compensation	$58M
Deferred Income Tax	-$74M
Other Non-Cash Items	$794M
Change in Working Capital	-$1.8B
OPERATING CASH FLOW	$840M
Capital Expenditure	-$124M
Acquisitions (Net)	$124M
Purchases of Investments	-$10.6B
Sales/Maturities of Investments	$15.1B
Other Investing Activities	-$138M
NET CASH FROM INVESTING	$4.3B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$336M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$716M
Net Change in Cash	$3.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$15.9B
Short-Term Investments	$4.0B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$2.4B
TOTAL CURRENT ASSETS	$24.3B
PP&E (Net)	$1.9B
Goodwill	$11.8B
Intangible Assets	$11.3B
Long-Term Investments	$3.6B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$30.0B
TOTAL ASSETS	$54.3B
Account Payables	$90M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$15.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.3B
Other Non-Current Liabilities	$938M
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$25.2B
Common Stock	$0
Additional Paid-In Capital	$17.6B
Retained Earnings	$11.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$29.1B
Minority Interest	$0
TOTAL EQUITY	$29.1B
TOTAL LIABILITIES & EQUITY	$54.3B
Total Debt	$15.9B
Net Debt	-$67M