"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
03Detailed Report
V
Visa Inc
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 6, 2026
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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
Increasing
8.90B
QoQ: 1.42% | YoY: 9.57%
Gross Profit
Increasing
7.13B
80.08% margin
QoQ: 2.06% | YoY: 10.33%
Operating Income
Increasing
5.94B
QoQ: 10.91% | YoY: 18.19%
Net Income
Increasing
4.87B
QoQ: 4.48% | YoY: 17.23%
EPS
Increasing
2.40
QoQ: 4.80% | YoY: 20.00%
Revenue Trend
Margin Analysis
Financial Highlights
- 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
- Gross Profit Margin: 80.08% (stable YoY)
- Cash and Cash Equivalents: $12.947 billion
- Total Assets: $91.04 billion
- Total Liabilities: $51.31 billion
- Total Stockholders’ Equity: $39.73 billion
Overall, Visa remains financially healthy, benefiting from a significant cash position and a high operating income margin, indicating effective cost control amidst growing revenues.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
8.90B
9.57%
1.42%
Gross Profit
7.13B
10.33%
2.06%
Operating Income
5.94B
18.19%
10.91%
Net Income
4.87B
17.23%
4.48%
EPS
2.40
20.00%
4.80%
Key Financial Ratios
Gross Profit Margin
Excellent
80.10%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Excellent
66.70%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
54.70%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.35%
Return on assets is acceptable but below top-tier companies
Return on Equity
Good
12.30%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Adequate
1.37
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.52
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Fair Value
21.75x
P/E ratio in line with market averages
Price to Book
High Premium
10.67x
Very high premium suggests asset-light business model or lofty expectations
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