Visa beats Q4 expectations, shares rise on strong revenue growth

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Visa (NYSE:V)reported fourth-quarter earnings that surpassed analyst estimates, driven by robust revenue growth across its business segments. The company's shares rose 2% in after-hours trading following the announcement.


The global payments technology company reported adjusted earnings per share (EPS) of $2.71 for the quarter ended September 30, 2024, beating the analyst consensus of $2.58. Revenue for the quarter came in at $9.6 billion, exceeding the expected $9.49 billion and representing a 12% increase YoY on both a nominal and constant-dollar basis.


Visa's strong performance was underpinned by stable growth in key metrics. Payments volume for the three months ended September 30, 2024, increased 8% YoY on a constant-dollar basis. Cross-border volume, excluding transactions within Europe, rose 13% on a constant-dollar basis. Total processed transactions reached 61.5 billion, a 10% increase over the prior year.


Ryan McInerney, Chief Executive Officer of Visa, commented on the results: "Visa had a robust fourth quarter to finish a very strong fiscal year. In the fourth quarter, net revenue and GAAP EPS grew by 12% and 17%, respectively, driven by relatively stable growth in payments volume, cross-border volume and processed transactions plus strong momentum across new flows and value added services."


The company's board of directors approved a 13% increase in Visa's quarterly cash dividend to $0.590 per share, reflecting confidence in the company's financial position and future prospects.


For the full fiscal year 2024, Visa reported net revenue of $35.9 billion, a 10% increase on both a nominal and constant-dollar basis. The company's GAAP net income for the year was $19.7 billion, or $9.73 per share, while non-GAAP net income reached $20.4 billion, or $10.05 per share.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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