Credit card giant Visa (NYSE: V) has reported double-digit revenue and earnings growth for the fourth quarter of 2024, reflecting strong growth across all operating segments.
Adjusted earnings, excluding special items, climbed 16% annually to $2.71 per share in the September quarter from $2.33 per share in the prior-year period. Unadjusted net income rose to $5.31 billion or $2.65 per share in the fourth quarter from $4.68 billion or $2.27 per share a year earlier.
The bottom-line growth was driven by a 12% year-over-year increase in revenues to $9.6 billion. Payments volume and cross-border volume increased by 6% and 13% respectively during the three months.
“Visa had a robust fourth quarter to finish a very strong fiscal year. I am proud of what our team accomplished, delivering on our financial expectations and enabling our clients with innovative solutions,” said Visa’s chief executive officer Ryan McInerney.
The post Visa (V) reports strong growth in Q4 adj. profit; revenue up 12% first appeared on AlphaStreet.
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