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Visa Inc Class A V

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Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Visa Hit Hard by Coronavirus in Fiscal Third Quarter, but Some Positive Trends

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

As expected, the coronavirus pandemic had a major impact on Visa’s fiscal third-quarter results. However, the company’s disclosures on weekly trends suggest the situation is improving. We remain comfortable with our full-year projections, and will maintain our $166 fair value estimate and wide moat rating.

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Company Profile

Business Description

Visa is the largest payment processor in the world. In fiscal 2019, 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 Jun 30, 2020
Fiscal Year End Sep 30, 2020
Stock Type Cyclical
Employees 19,500

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