The Biggest Number From Visa's Latest Quarter: 62%
's (NYSE: V) reported net revenue of $8.1 billion and diluted earnings per share of $2 in its most recent three-month period (Q3 2023 ended June 30). Both of these headline figures were up double digits year over year. This is a usual occurrence for this huge card payments network, and investors have grown accustomed to it, regardless of the economic climate.
But I don't believe those metrics tell the entire story for this top financial stock. Here's why the biggest number from Visa's earnings report was 62% -- its operating margin for the latest quarter.
That 62% figure is a perfect indicator of just how successful Visa has become. Investors would be challenged to find a company that's more profitable.
Source Fool.com
Visa Inc. A Stock
€251.95
0.320%
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 284 € there is a slightly positive potential of 12.72% for Visa Inc. A compared to the current price of 251.95 €.
