On October 29, 2024, Visa Inc. reported its financial results for the fiscal fourth quarter and full-year ended September 30, 2024. The company announced a GAAP net income of $5.3 billion, or $2.65 per share, and a non-GAAP net income of $5.4 billion, or $2.71 per share, for the fourth quarter. Full-year results showed a GAAP net income of $19.7 billion, or $9.73 per share, and a non-GAAP net income of $20.4 billion, or $10.05 per share. Net revenue for the quarter was $9.6 billion, a 12% increase, while full-year net revenue reached $35.9 billion, up by 10%. The growth was attributed to stable increases in payments volume, cross-border volume, and processed transactions. Visa also declared a quarterly cash dividend of $0.590 per share, payable on December 2, 2024, to shareholders of record...Show More

On October 29, 2024, Visa Inc. reported its financial results for the fiscal fourth quarter and full-year ended September 30, 2024. The company announced a GAAP net income of $5.3 billion, or $2.65 per share, and a non-GAAP net income of $5.4 billion, or $2.71 per share, for the fourth quarter. Full-year results showed a GAAP net income of $19.7 billion, or $9.73 per share, and a non-GAAP net income of $20.4 billion, or $10.05 per share. Net revenue for the quarter was $9.6 billion, a 12% increase, while full-year net revenue reached $35.9 billion, up by 10%. The growth was attributed to stable increases in payments volume, cross-border volume, and processed transactions. Visa also declared a quarterly cash dividend of $0.590 per share, payable on December 2, 2024, to shareholders of record as of November 12, 2024. Additionally, the company's board of directors approved a 13% increase in the quarterly cash dividend. Visa's stock repurchases and dividends totaled $6.8 billion for the fourth quarter and $20.9 billion for the full year. On the legal front, Visa is facing a lawsuit filed by the U.S. Department of Justice alleging anticompetitive practices, which Visa intends to defend against vigorously. The company also announced the planned acquisition of Featurespace, an AI payments protection technology firm, expected to close in fiscal 2025. Visa's share repurchase program remains active, with $13.1 billion authorized for future repurchases as of September 30, 2024.