Visa Inc. ( (V) ) has realeased its Q4 earnings. Here is a breakdown of the information Visa Inc. presented to its investors.
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Visa Inc., a global leader in digital payments, connects consumers, merchants, financial institutions, and governments across over 200 countries through its innovative and secure payment network.
Visa’s fiscal fourth quarter and full-year 2024 results reveal solid financial performance, marked by a significant rise in net income and revenue. The company reports a 12% increase in quarterly net revenue, reaching $9.6 billion, and a 10% rise in full-year revenue totaling $35.9 billion.
Key financial metrics show robust growth, with Visa’s GAAP net income for the fourth quarter at $5.3 billion, reflecting a 14% increase from the previous year, and non-GAAP net income at $5.4 billion, up 13%. Earnings per share also saw considerable gains, with a 17% increase in GAAP EPS and a 16% increase in non-GAAP EPS. Additionally, Visa’s cross-border volume excluding intra-Europe rose by 13% in the quarter and 15% for the year, demonstrating strong international transaction growth.
The company’s strategic initiatives include a 13% dividend increase and ongoing share repurchases, emphasizing Visa’s commitment to returning value to shareholders. Furthermore, Visa’s acquisition of Featurespace, a firm specializing in AI-based payment protection, highlights its focus on enhancing security and combating payment fraud.
Looking ahead, Visa’s management expresses optimism about future growth opportunities, driven by stable payment volumes and the expansion of new services. The company remains well-positioned to navigate the evolving digital payment landscape and continue delivering value to its clients and stakeholders.
