Over the past decade, (NYSE: V) shares have soared 404%, easily beating both the S 500 and the Nasdaq Composite Index during the same time. Steadily rising revenue and profits will definitely help to push up the stock price of any company. A broad secular trend toward digital payments and away from cash is also a vital part of the investment thesis for this business.
Is Visa stock, a proven winner for anyone's portfolio, a buy right now? Let's examine this card payments giant to figure out the best course of action for investors.
While many other businesses struggle in what has been a period of increasing economic uncertainty, Visa continues humming along. Revenue of $8 billion in the fiscal 2023 second quarter, ended March 31, was up 11% year over year. And net income totaled $4.3 billion, good for a 17% jump from Q2 2022. That net profit margin of 54% is remarkable.
Source Fool.com