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Visa Inc Class A V

Morningstar Rating
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Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Cutting Through the Noise, the Trend Is Positive for Visa in Fiscal Second Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

There was significant noise in wide-moat Visa's fiscal second-quarter results, given that the company partially lapped the onset of the COVID-19 pandemic, including some one-time charges. However, stripping that out, the overall trends for the business look steady, with growth continuing to improve as the impact of the pandemic starts to recede. We will maintain our $194 per share fair value estimate.

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Company Profile

Business Description

Visa is the largest payment processor in the world. In fiscal 2020, it processed almost $9 trillion in purchase transactions. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

Contact
P.O. Box 8999
San Francisco, CA, 94128-8999
T +1 650 432-3200
Sector Financial Services
Industry Credit Services
Most Recent Earnings Mar 31, 2021
Fiscal Year End Sep 30, 2021
Stock Type Cyclical
Employees 20,500

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