Visa Inc. (NYSE: NYSE:V) has announced its fiscal fourth quarter (July-September) and full year 2024 earnings, showcasing a strong financial performance with significant growth in net revenue and earnings per share (EPS).
The company highlighted an 8% increase in overall payments volume and a 13% rise in cross-border volume, excluding intra-Europe transactions, says a press release.
The Visa Inc. follows US fiscal year (October-September). Visa's earnings call also revealed plans for strategic acquisitions and new product launches, while maintaining a positive outlook for the fiscal year 2025.
Following data comprises Fiscal Fourth Quarter Results: GAAP net income of $5.3B or $2.65 per share and non-GAAP net income of $5.4B or $2.71 per share; Net revenue of $9.6B, marking a 12% year-over-year increase.
Fiscal Full-Year Results are: GAAP net income of $19.7B or $9.73 per share and non-GAAP net income of $20.4B or $10.05 per share; Net revenue of $35.9B, an increase of 10% on a nominal and constant-dollar basis.
