Visa Non-GAAP EPS of $2.71 beats by $0.13, revenue of $9.62B beats by $130M
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13 hours ago
- Visa press release (NYSE:V): Q4 Non-GAAP EPS of $2.71 beats by $0.13.
- Revenue of $9.62B (+11.7% Y/Y) beats by $130M.
- Net revenue in the fiscal fourth quarter was $9.6 billion, an increase of 12%, driven by the year-over-year growth in payments volume, cross-border volume and processed transactions. Net revenue increased 12% on a constant-dollar basis. Payments volume for the three months ended June 30, 2024, on which fiscal fourth quarter service revenue is recognized, increased 7% over the prior year on a constant-dollar basis.
- Payments volume for the three months ended September 30, 2024, increased 8% over the prior year on a constant-dollar basis.
- Cross-border volume excluding transactions within Europe, which drives our international transaction revenue, increased 13% on a constant-dollar basis for the three months ended September 30, 2024.
- Total cross-border volume on a constant-dollar basis increased 13% in the quarter. Total processed transactions, which represent transactions processed by Visa, for the three months ended September 30, 2024, were 61.5 billion, a 10% increase over the prior year.
- Shares +1.46%.
