Visa Q4 Earnings Beat Estimates with $2.71 EPS, $9.62B Revenue, and 13% Dividend Increase

Oct 29, 2024, 08:10 PM

Visa Inc. reported its fiscal fourth-quarter 2024 earnings, surpassing analyst expectations. The company posted an adjusted earnings per share (EPS) of $2.71, exceeding the estimated $2.58. Net revenue for the quarter reached $9.62 billion, higher than the anticipated $9.49 billion. Visa's GAAP net income was $5.3 billion, or $2.65 per share, while non-GAAP net income was $5.4 billion, or $2.71 per share. The total number of processed transactions stood at 61.5 billion, in line with estimates. The company experienced significant growth in payment volume, with the U.S. seeing a 5.1% year-over-year increase, Europe 11.9%, and Latin America 24.5%. Additionally, Visa raised its dividend by 13% and provided optimistic guidance for fiscal year 2025, expecting EPS growth at the high end of low double digits and revenue growth in the high single-digit to low double-digit range. The company's market cap is $536.87 billion, operating margin is 66%, and cross-border volumes increased by 13%.