"We have done all this while further increasing our suite of solutions to meet clients’ needs." - Ryan McInerney
— Ryan McInerney
03Detailed Report
V
Visa Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 6, 2026
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Executive Summary
In the fiscal fourth quarter of 2024, Visa Inc. reported a net revenue of $9.6 billion, marking a robust 12% year-over-year increase and a 16% rise in earnings per share (EPS) to $2.71. This strong performance was driven by relatively stable business operations, with overall payments volume growing 8% annually. Notably, U.S. payments volume increased by 5% while international volumes surged by 10%. Management highlighted ongoing strategic advancements, particularly in value-added services and innovations such as the Visa Account-to-Account (A2A) payments solution set to launch in 2025. Despite challenges from regulatory scrutiny, Visa's market leadership appears well-positioned for sustained growth.
### Operating Highlights
- Total Payments Volume: Up 8% YoY
- U.S. Payments Volume: Up 5% YoY
- International Payments Volume: Up 10% YoY
- Cross-Border Volume: Up 13% YoY (excl. intra-Europe)
- Processed Transactions: Up 10% YoY
These figures indicate a healthy and growing business model, with consistent returns and increasing operational efficiency driven by innovative strategies.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
9.62B
11.71%
8.06%
Gross Profit
7.80B
12.81%
9.44%
Operating Income
6.35B
14.40%
6.92%
Net Income
5.32B
13.61%
9.15%
EPS
3.28
44.49%
36.67%
Key Financial Ratios
Gross Profit Margin
Excellent
81.10%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Excellent
66.00%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
55.30%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.63%
Return on assets is acceptable but below top-tier companies
Return on Equity
Good
13.60%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Adequate
1.28
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.53
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Fair Value
20.95x
P/E ratio in line with market averages
Price to Book
High Premium
11.39x
Very high premium suggests asset-light business model or lofty expectations
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