Fiscal Third Quarter 2022 Financial Results
Free Cash Flow
We had cash, cash equivalents and investment securities of $19.6 billion as of June 30, 2022.
(USD in millions)
Calculation of Free Cash Flow
Q3 2022
Q3 2022 YTD
Net cash provided by operating activities
Less: capital expenditures
Free cash flow (1)
$5,252
$12,973
(235)
(675)
$5,017
$12,298
(1) Free Cash Flow is cash provided by operating activities adjusted to reflect capital investments made in the business.
(USD in millions)
Cash Returned to Shareholders
Share repurchases
Dividends
Q3 2022
Q3 2022 YTD
$2,462
$798
$9,451
$2,409
Note: Management believes that this presentation is useful to measure Visa's generation of cash available to first re-invest in the business, and then return excess cash to shareholders through share repurchases and cash dividends.
VISA
Fiscal Third Quarter 2022 Financial Results
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