Visa Europe
Payment technology business that enables european consumers, businesses, and governments to make electronic payments.
- Finance
- Technology
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 2 % | 58 % | 14 % | 14 % | (11 %) | 21 % | 48 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 44 % | 55 % | 60 % | 62 % | 55 % | 62 % | 68 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 30 % | 42 % | 46 % | 49 % | 43 % | 49 % | 54 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Visa Europe was originally a cooperative of European banks, operating independently from its American counterpart, Visa Inc. The cooperative model allowed member banks to have a say in the operations and strategic direction of Visa Europe, fostering a unique sense of ownership and collaboration among its members.
In 2015, a significant shift occurred when Visa Inc. announced its intention to acquire Visa Europe. This move was driven by the desire to unify the brand globally and leverage the combined strengths of both entities. The acquisition was finalized in June 2016, with Visa Inc. paying approximately €21.2 billion, including cash and convertible preferred stock, to bring Visa Europe under its umbrella.
This acquisition marked a pivotal moment in Visa Europe's history, as it transitioned from a member-owned association to a fully integrated part of a global corporation. The integration aimed to enhance Visa's competitive edge in the rapidly evolving payments landscape by streamlining operations and fostering innovation across borders.
Today, Visa Europe operates as a key component of Visa Inc., contributing to the company's mission of connecting the world through the most innovative, reliable, and secure payment network. The journey from a cooperative to a corporate entity reflects the dynamic nature of the financial services industry and Visa's commitment to maintaining its leadership position in the global market.
