Fiscal Year 2020 Key Statistics
| Operational Highlights |
12 months ended September 30 (except where noted) |
|
2018 |
2019 |
2020 |
| Total volume, including payments and cash volume1 |
$11.3T |
$11.6T |
$11.3T |
| Payments volume1 |
$8.3T |
$8.8T |
$8.8T |
| Transactions processed on Visa’s networks |
124.3B |
138.3B |
140.8B |
| Cards2 |
3.3B |
3.4B |
3.5B |
| Financial Highlights (GAAP) |
In millions (except for per share data) |
|
FY 2018 |
FY 2019 |
FY 2020 |
| Net revenues |
$20,609 |
$22,977 |
$21,846 |
| Operating expenses |
$7,655 |
$7,976 |
$7,765 |
| Operating income |
$12,954 |
$15,001 |
$14,081 |
| Net income |
$10,301 |
$12,080 |
$10,866 |
| Stockholders' equity |
$34,006 |
$34,684 |
$36,210 |
| Diluted class A common stock earnings per share |
$4.42 |
$5.32 |
$4.89 |
| Financial Highlights (Non-GAAP)3 |
In millions (except for per share data) |
|
FY 2018 |
FY 2019 |
FY 2020 |
| Net revenues |
$20,609 |
$22,977 |
$21,846 |
| Operating expenses |
$6,860 |
$7,596 |
$7,702 |
| Operating income |
$13,749 |
$15,381 |
$14,144 |
| Net income |
$10,656 |
$12,274 |
$11,193 |
| Diluted class A common stock earnings per share |
$4.58 |
$5.40 |
$5.04 |
Stock Performance
The accompanying graph and chart compares the cumulative total return on Visa’s common stock with the cumulative total return on Standard & Poor’s 500 Index and the Standard & Poor’s 500 Data Processing Index from September 30, 2014 through September 30, 2019. The comparison assumes $100 was invested on September 30, 2014, and that dividends were reinvested. Visa Inc.’s class B and C common stock are not publicly traded or listed on any exchange or dealer quotation system.
Revenue Details
Net revenues consist of service revenues, data processing revenues, international transaction revenues, and other revenues minus costs incurred under client incentive arrangements. We have one reportable segment, which is Payment Services.
