Visa (V) FY2012 results: revenue $10.4 billion, up 13.4% on the year
Visa Inc. (V) reported revenue of $10.4 billion for fiscal 2012, the year ended 30 September 2012, up 13.4% on the year before. Net income was $2.1 billion, down 41.3%. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.
Revenue
$10.4 billion
+13.4% on the year
FY2007FY2012
Operating margin
20.5%
59.4% a year earlier
FY2007FY2012
Net income
$2.1 billion
-41.3% on the year
FY2007FY2012
Diluted EPS
n/a
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
10,421
9,188
8,065
+13.4%
Operating income
2,139
5,456
4,589
-60.8%
Operating margin
20.5%
59.4%
56.9%
Interest expense
-29.0
32.0
72.0
Pre-tax income
n/a
5,656
4,638
Income tax
65.0
2,010
1,674
-96.8%
Effective tax rate
n/a
35.5%
36.1%
Net income
2,144
3,650
2,966
-41.3%
Net margin
20.6%
39.7%
36.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
5,009
3,872
2,691
+29.4%
Capital expenditure
376
353
241
+6.5%
Free cash flow
4,633
3,519
2,450
+31.7%
Free cash flow margin
44.5%
38.3%
30.4%
Cash from investing
-2,414
-2,299
-1,904
Cash from financing
-2,655
-3,304
-1,542
Depreciation and amortisation
333
288
265
+15.6%
Share-based compensation
147
154
131
-4.5%
Buybacks
710
2,024
1,000
-64.9%
Dividends paid
595
423
368
+40.7%
Dividend per share
$0.22
$0.15
$0.12
+46.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
27,630
26,437
25,011
+4.5%
Non-controlling interest
n/a
n/a
3.0
Debt
n/a
0.0
44.0
Other liabilities
12,383
8,323
8,350
+48.8%
Total liabilities and equity
40,013
34,760
33,408
+15.1%
Fixed assets
1,634
1,541
1,357
+6.0%
Goodwill
11,681
11,668
11,447
+0.1%
Intangible assets
11,420
11,436
11,478
-0.1%
Investments
3,960
1,925
148
+105.7%
Cash and equivalents
2,074
2,127
3,867
-2.5%
Receivables
723
560
476
+29.1%
Other assets
8,521
5,503
4,635
+54.8%
Total assets
40,013
34,760
33,408
+15.1%
10-K for the year ended 30 September 2012, filed 16 November 2012: the filing.