Visa Q4 earnings, revenue beat; dividend raised

Visa (NYSE:V) stock gained 1.4% in Tuesday after-hours trading after its fiscal Q4 earnings and revenue topped Wall Street consensus estimates. The payment network company also increased its quarterly dividend by 13% to $0.59 per share.

Fiscal Q4 adjusted EPS of $2.71, topping the average analyst estimate of $2.58, rose from $2.42 in the prior quarter and $2.33 a year ago.

Net revenue for the quarter ended Sept. 30, 2024, was $9.62B, beating the $9.49B consensus and climbing from $8.90B in Q3 and $8.90B in last year’s Q4.

Visa Inc. (NYSE:V) total payment volume of $4.04T, topping the Visible Alpha estimate of $3.40T, increased/dipped from $3.95T in Q3 and $3.83T in Q4 2023.

Payments volume rose 8% from a year ago in constant dollars, cross border volume increased 13%, and processed transaction grew 10%. That compared with Q3 payments volume growth of 7%, cross border volume growth of 14% and processed transaction growth of 10%.

Q4’s results were “driven by relatively stable growth in payments volume, cross border volume and processed transactions plus strong momentum across new flows and value added services,” said CEO Ryan McInerney.

Operating expenses of $3.27B climbed from $2.96B in the prior quarter and $3.06B a year ago.

Guidance: For the first quarter of fiscal 2025, the company expects class A EPS growth in the low double digits; net revenue growth in the high single-digits, and operating expense growth in the high-single-to low-double digits.

For the full year, it expects class A EPS growth in the high end of low-double-digits, net revenue growth in high single-digit to low double-digits; operating expense growth in high single-digit to low double-digits.

Conference call at 5:00 PM ET.

Earlier, Visa Non-GAAP EPS of $2.71 beats by $0.13, revenue of $9.62B beats by $130M