Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 8.9B | 2.4% |
| Gross Profit | 6.3B | 4.2% |
| Cost of Revenue | 2.6B | 1.7% |
| Operating expense | 1.02B | 1.4% |
| Net Income | 4.87B | 4.5% |
| EBITDA | 6.2B | 10.7% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 91B | 1.5% |
| Total Liabilities | 51.3B | 1.2% |
| Total Equity | 39.7B | 1.9% |
| Shares Outstanding | 1.84B | 0.4% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 5.13B | 13.1% |
| Cash from investing | 555M | 147.2% |
| Cash from financing | -5.31B | 37.1% |
EPS
Financial Highlights for Visa in Q2 '24
Visa reported a revenue of 8.9B, which is a 2.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.3B, marking a 4.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.6B, a -1.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.02B, showing a -1.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 4.87B, showing a 4.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 6.2B, showing a 10.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Visa with growth in revenue, gross profit, and net income.
