2024-05-31 04:51:15 ET
Summary
- Visa is a dominant player in the payment processing space, with a large market share and growing revenue.
- The company has shown strong financial performance, with significant growth in revenue and net income over the past decade.
- Visa has rewarded shareholders with price appreciation and share buybacks, and has a track record of high dividend growth.
Everyone shops. Whether it's online or in a store, people need to buy stuff. As online shopping becomes more common, so does the need for a debit or a credit card. Indeed, about 93% of American adults hold a debit card , while 82% have at least one credit card. All of that plastic is tied to a payment network, and the largest payment processor is Visa ( V )....
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Visa: Nearly Always Looks Expensive, But Usually Pays Off