Visa (V) FY2022 results: revenue $29.3 billion, up 21.6% on the year
Visa Inc. (V) reported revenue of $29.3 billion for fiscal 2022, the year ended 30 September 2022, up 21.6% on the year before. Net income was $15.0 billion, up 21.5%, and diluted earnings per share $7.00. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2022.
Revenue
$29.3 billion
+21.6% on the year
FY2015FY2022
Operating margin
64.2%
65.6% a year earlier
FY2015FY2022
Net income
$15.0 billion
+21.5% on the year
FY2015FY2022
Diluted EPS
$7.00
+24.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
18,849
15,227
10,440
+23.8%
Capital expenditure
970
705
736
+37.6%
Free cash flow
17,879
14,522
9,704
+23.1%
Free cash flow margin
61.0%
60.2%
44.4%
Cash from investing
-4,288
-152
1,427
Cash from financing
-12,696
-14,410
-3,968
Depreciation and amortisation
861
804
767
+7.1%
Share-based compensation
602
542
416
+11.1%
Buybacks
11,589
8,676
8,114
+33.6%
Dividends paid
3,203
2,798
2,664
+14.5%
Dividend per share
$0.38
$0.32
$0.30
+17.2%
Diluted shares, weighted
2,136m
2,188m
2,223m
-2.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
35,581
37,589
36,210
-5.3%
Debt
22,450
20,977
24,070
+7.0%
Operating lease liabilities
422
471
473
-10.4%
Other liabilities
27,048
23,859
20,166
+13.4%
Total liabilities and equity
85,501
82,896
80,919
+3.1%
Fixed assets
3,223
2,715
2,737
+18.7%
Goodwill
17,787
15,958
15,910
+11.5%
Intangible assets
25,065
27,664
27,808
-9.4%
Investments
2,136
1,705
3,835
+25.3%
Cash and equivalents
15,689
16,487
16,289
-4.8%
Receivables
2,020
1,968
1,618
+2.6%
Other assets
19,581
16,399
12,722
+19.4%
Total assets
85,501
82,896
80,919
+3.1%
10-K for the year ended 30 September 2022, filed 16 November 2022: the filing.