Visa reported quarterly results last week. The company has a fiscal year that is one quarter ahead of the calendar, which is why they finished the 2Q. For ease of reading and analysis, I’ll compute charts as if Visa followed the calendar year. During the first quarter of 2023, Visa generated 7.98bn in revenue, growing it by 11.1% on a yearly basis and slightly sequentially. The latter is of no concern, given the fact that, generally, Visa’s fourth quarters are the strongest while the first ones are the weakest. Growth is decelerating though, quarter after quarter, but it is still showing some sort of resilience, being at double digits.
Love this company! The margin still amazed me every quarter. Great read, thanks!