Visa delivered robust financial performance in fiscal 2024, with net revenue increasing 10% to $35.9 billion and net income rising 14% to $19.7 billion. The growth was primarily driven by a 14% increase in nominal cross-border volume, 10% growth in processed transactions to 234 billion, and 7% expansion in nominal payments volume. Operating expenses increased 6% to $12.3 billion.The company maintained strong operational momentum across its core business segments. Service revenue grew 9% to $16.1 billion, data processing revenue rose 11% to $17.7 billion, and international transaction revenue increased 9% to $12.7 billion. Client incentives grew 12% to $13.8 billion, reflecting continued investments in partner relationships and volume growth.During the year, Visa strengthened its strategic position through key initiatives including the acquisition of Pismo for $929 million, release of $2.7 billion from series B and C preferred stock, and completion of a class B-1 common stock exchange offer. The company returned significant capital to shareholders through $17.0 billion in share repurchases and $4.2 billion in dividends while maintaining a strong balance sheet with $12.0 billion in cash and equivalents.

Visa delivered robust financial performance in fiscal 2024, with net revenue increasing 10% to $35.9 billion and net income rising 14% to $19.7 billion. The growth was primarily driven by a 14% increase in nominal cross-border volume, 10% growth in processed transactions to 234 billion, and 7% expansion in nominal payments volume. Operating expenses increased 6% to $12.3 billion.The company maintained strong operational momentum across its core business segments. Service revenue grew 9% to $16.1 billion, data processing revenue rose 11% to $17.7 billion, and international transaction revenue increased 9% to $12.7 billion. Client incentives grew 12% to $13.8 billion, reflecting continued investments in partner relationships and volume growth.During the year, Visa strengthened its strategic position through key initiatives including the acquisition of Pismo for $929 million, release of $2.7 billion from series B and C preferred stock, and completion of a class B-1 common stock exchange offer. The company returned significant capital to shareholders through $17.0 billion in share repurchases and $4.2 billion in dividends while maintaining a strong balance sheet with $12.0 billion in cash and equivalents.