This Company Has 100% Profit Margins...

Many consumers like to complain about companies that have large profit margins because these companies generally offer far less value per dollar spent. Some of the most notable companies that receive this criticism include Apple, Nvidia, and many pharmaceutical companies. But there's actually a company with far greater profit margins that consumers generally ignore: VISA. VISA has 0 cost of goods sold which means that they literally have a gross profit margin of 100%. Even after accounting for operating expenses and taxes, VISA pulls in a net profit of 51%. This makes Visa one of the most profitable companies in the world. And considering how profitable VISA credit/debit cards are, I don't think you'd be surprised to hear that they're the 13th largest company in the world with a market cap of $440 billion. VISA wasn't always an independent company though. VISA was originally a subsidiary company called BankAmericard run by Bank of America. But as the business started to outgrow Bank of America themselves, they spun it into its own company. This video explains the story of VISA and how they became one of the most profitable companies in the world.

Discord Community:
https://discord.gg/SJUNWNt

Timestamps:
0:00 - VISA
1:19 - BankAmericard
2:53 - Early Backlash
4:45 - International Expansion
6:23 - Birth Of Visa
8:07 - Modern Day Visa

Thumbnail Credits:
Dan Lamont
https://bit.ly/3xG8bqG
https://vi.sa/32FU2hL
https://bit.ly/3lmW2lA

Resources:
https://pastebin.com/Y9NrU1qd