Summary
Visa Inc. (V) filed an 8-K on June 1, 2022, disclosing preliminary volume and transaction data for April and May 2022, with a significant note that results from March 2022 onwards exclude operations in Russia. The report indicates continued year-over-year growth across key metrics like U.S. payments volume, cross-border volume, and processed transactions, generally outperforming 2021 levels. Compared to pre-pandemic (2019) levels, Visa demonstrates robust recovery. In May 2022, U.S. payments volume was 148% of 2019 levels, consistent with April. Cross-border volume, excluding intra-Europe, reached 127% of 2019 levels, a notable improvement from April. Total cross-border volume also showed strength, hitting 136% of 2019 levels. Global processed transactions were at 140% of 2019 levels, slightly up from April. These figures suggest a strong rebound in consumer spending and international travel relative to the pre-COVID-19 era, even with the exclusion of Russian-related data.
Key Highlights
- 1Visa's April and May 2022 results exclude Russia-related volumes and transactions.
- 2U.S. Payments Volume in May 2022 was 148% of 2019 levels, consistent with April.
- 3Total Cross-Border Volume in May 2022 increased to 136% of 2019 levels, up from April.
- 4Cross-Border Volume Excluding Intra-Europe Transactions in May 2022 reached 127% of 2019 levels, a 10-point increase from April.
- 5Global Processed Transactions in May 2022 were 140% of 2019 levels, up 2 points from April.
- 6Year-over-year growth for U.S. Payments Volume was 12% in May, and 17% for Processed Transactions.
- 7The company highlights strong recoveries in inbound cross-border travel in the U.S. and Asia Pacific regions relative to 2019.