Wed, Apr 30, 10:07 AM (23 days ago)
**Visa Inc. (V) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $9.594 billion (up 9% YoY) for Q1 2025, driven by growth in processed transactions, nominal cross-border volume, and nominal payments volume. - **Net Income:** $4.577 billion (down 2% YoY) for Q1 2025, primarily due to higher litigation provision. - **Operating Expenses:** $4.159 billion (up 22% YoY) for Q1 2025, driven by higher litigation provision and personnel expenses. - **Profit Margins:** Operating margin was 56.6% for Q1 2025, down from 61.0% in Q1 2024. - **Cash Flow:** Operating cash flow was $10.091 billion for the first half of 2025, up from $8.152 billion in the same period last year. **Key Metrics & Trends:** - **Processed Transactions:** Up 9% YoY for Q1 2025. - **Payments Volume:** Up 7% YoY for Q1 2025. - **Share Repurchases:** $8.4 billion in the first half of 2025, with $4.7 billion remaining in the current program. - **Dividends:** $2.3 billion declared and paid in the first half of 2025. - **Litigation:** Recorded additional accruals of $1.0 billion for interchange multidistrict litigation and deposited $375 million into the U.S. litigation escrow account. **Future Operations & Uncertainties:** - Visa continues to invest in technology and processing networks to support growth and acquisitions. - The company is monitoring developments related to the OECD's global minimum tax (Pillar Two) and its potential impact on future years. - Visa faces various legal and regulatory proceedings, which could have a material adverse effect on its financial position, results of operations, or cash flows. - The company's future obligations under its settlement risk guarantee are not determinable as they depend on future events.