Visa Shares Edge Up 2% as Q4 Earnings Beat Expectations
Oct 30, 2024 12:39 AM - Davit Kirakosyan
Image credit: FMP
Visa (NYSE:V) reported fourth-quarter earnings that exceeded analyst estimates, fueled by solid growth across its core business segments. Shares rose 2% in after-hours trading after the announcement.
For the quarter, Visa posted adjusted earnings per share of $2.71, above the Street estimate of $2.58. Revenue reached $9.6 billion, surpassing expectations of $9.49 billion and marking a 12% year-over-year increase.
Key performance metrics showed consistent growth, with payments volume rising 8% year-over-year on a constant-dollar basis, while cross-border volume (excluding intra-European transactions) increased by 13%. Total processed transactions hit 61.5 billion, reflecting a 10% annual increase.
Furthermore, Visa’s board approved a 13% increase in its quarterly dividend to $0.590 per share.
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