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Visa Inc Class A V

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Visa Continues to Bounce Back in Fiscal First Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Visa’s fiscal first-quarter results largely maintained the trends we’ve seen in recent quarters, and were roughly in line with what we saw from peer Mastercard this quarter. We think the relatively quick recovery supports our wide moat rating and a positive view on the long-term secular trend for Visa. While some near-term uncertainty remains given the rise of new variants and the fact that cross-border volumes have yet to completely recover, we think the company should be able to continue to achieve outsize growth in the near term as headwinds abate. We will maintain our $221 fair value estimate.

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Company Profile

Business Description

Visa is the largest payment processor in the world. In fiscal 2021, it processed over $10 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 Sep 30, 2021
Fiscal Year End Sep 30, 2022
Stock Type Cyclical
Employees 21,500

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