Visa delivered a strong financial performance with significant growth in new flows and value-added services. The company successfully expanded and renewed key partnerships, and continues to innovate in payment solutions. However, it faces regulatory challenges and slow growth in Asia Pacific, and anticipates increased incentives impacting future revenue.

Company Guidance

During Visa's Fiscal Fourth Quarter and Full Year 2024 earnings call, the company reported robust financial performance with a 12% year-over-year increase in net revenue, totaling $9.6 billion, and a 16% rise in EPS. Key drivers included an 8% growth in overall payments volume, with U.S. and international volumes increasing by 5% and 10%, respectively. Cross-border volume, excluding intra-Europe, rose by 13%, while processed transactions saw a 10% uptick. The company highlighted significant achievements such as surpassing 4.6 billion credentials, a 7% year-over-year increase, and over 11.5 billion tokens. Visa's strategic initiatives in new flows led to a 22% growth in new flows revenue, with Visa Direct transactions increasing by 38%. Value-added services revenue also grew by 22%, driven by strong marketing services and risk and identity solutions. Looking ahead, Visa anticipates continued high single to low double-digit growth in adjusted net revenue for fiscal 2025, with a focus on expanding product innovations and strategic client partnerships.

Strong Financial Performance

Visa reported $9.6 billion in net revenue for Q4, up 12% year-over-year, and EPS up 16%. Full-year net revenue grew 10%, in line with expectations, and EPS grew 15%.

Significant Growth in New Flows and Value-Added Services

New flows revenue grew 22% year-over-year in constant dollars, with Visa Direct transactions growing 38%. Value-added services revenue grew 22% in constant dollars.

Expansion and Renewals of Key Partnerships

Visa renewed significant partnerships, including Grupo Promerica, SMCC, Alrajhi, Standard Chartered Bank, RBC, US Bank, and USAA, alongside 650 new commercial partnerships.

Innovations in Payment Solutions

Visa announced Visa A2A for account-to-account payments and has seen strong interest in its Flexible Credential solution, planned for launches in 2025.

Growth in Tap Transactions

Global tap-to-ride transactions exceeded 2 billion for the first time in fiscal year 2024, up 25% year-over-year.

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Visa (V) Earnings, Revenues Date & History

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V Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2025 (Q1)	2.66 / -	2.41	―	―	―
Oct 29, 2024	2024 (Q4)	2.58 / 2.71	2.33	16.31% (+0.38)
Jul 23, 2024	2024 (Q3)	2.42 / 2.42	2.16	12.04% (+0.26)
Apr 23, 2024	2024 (Q2)	2.44 / 2.51	2.09	20.10% (+0.42)
Jan 25, 2024	2024 (Q1)	2.34 / 2.41	2.18	10.55% (+0.23)
Oct 24, 2023	2023 (Q4)	2.25 / 2.33	1.93	20.73% (+0.40)
Jul 25, 2023	2023 (Q3)	2.12 / 2.16	1.98	9.09% (+0.18)
Apr 25, 2023	2023 (Q2)	1.99 / 2.09	1.79	16.76% (+0.30)
Jan 26, 2023	2023 (Q1)	2.01 / 2.18	1.81	20.44% (+0.37)
Oct 25, 2022	2022 (Q4)	1.87 / 1.93	1.62	19.14% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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V Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$281.34	$289.61	+2.94%
Jul 23, 2024	$263.76	$253.18	-4.01%
Apr 23, 2024	$272.54	$273.44	+0.33%
Jan 25, 2024	$270.54	$265.91	-1.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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