Visa Inc
V
$340.30 1.01%
Exchange: NYSE | Sector: Financial Services | Industry: Financial Credit Services
Q3 2024
Published: Jul 24, 2024

Earnings Highlights

  • Revenue of $8.90B up 9.6% year-over-year
  • EPS of $2.40 increased by 20% from previous year
  • Gross margin of 80.1%
  • Net income of 4.87B
  • ""We remain focused on serving our clients by meeting their needs, innovating, and helping them grow across consumer payments, new flows, and value-added services." - Ryan McInerney" - Ryan McInerney

Visa Inc (V) Q3 2024 Financial Results - Strong Growth and Investments in Future Opportunities

Executive Summary

In the third quarter of 2024, Visa Inc (V) reported impressive financial results featuring a 10% increase in net revenue to $8.9 billion and a net income of $4.872 billion, reflecting a 17% year-over-year growth. The earnings per share (EPS) rose 12% to $2.42, driven primarily by stable volume growth across both consumer payments and new flows, alongside robust performance in value-added services. Visa continues to enhance its market position through strategic partnerships and innovative product offerings, making significant investments in growth sectors like digital payments and financial technology solutions.

Key Performance Indicators

Revenue

8.90B
QoQ: 1.42% | YoY:9.57%

Gross Profit

7.13B
80.08% margin
QoQ: 2.06% | YoY:10.33%

Operating Income

5.94B
QoQ: 10.91% | YoY:18.19%

Net Income

4.87B
QoQ: 4.48% | YoY:17.23%

EPS

2.40
QoQ: 4.80% | YoY:20.00%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue:** $8.9 billion (up 10% YoY, 1.42% QoQ)
  • **Net Income:** $4.872 billion (up 17% YoY, 4.48% QoQ)
  • **EPS:** $2.42 (up 12% YoY)
  • **Operating Income Margin:** 66.7%
  • **Free Cash Flow:** $4.734 billion

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 9,510.00 2.52 +10.2% View
Q4 2024 9,617.00 2.62 +11.7% View
Q3 2024 8,900.00 2.40 +9.6% View
Q2 2024 8,775.00 2.29 +9.9% View
Q1 2024 8,634.00 2.39 +8.8% View