Categories Earnings, Finance

Visa revenues grow 13% in Q4

Digital payment service provider Visa Inc (NYSE: V) reported fourth-quarter revenues that climbed 13% to $6.1 billion, which surpassed average analysts’ projection of $6.08 billion.

Net income for the quarter grew to $1.47 per share, from $1.21 per share a year ago. Analysts were expecting Q4 earnings of $1.43 a share.

Visa Q4 2019 earnings infographic

Visa stock, which gained 2% immediately following the announcement, has advanced 29% so far this year.

CEO Alfred F. Kelly, Jr  said, “During the year, we expanded partnerships with a significant number of our largest clients globally while also establishing new partnerships with emerging companies across the payments ecosystem. These partnerships, combined with four acquisitions and substantial organic investment, greatly expand our reach and capabilities to fuel future growth.

During the quarter, payment volumes improved 9%, while processed transactions increased 11%.

READ: American Airlines stock on landing mode after guidance cut


The company currently expects low double-digit growth in FY19 revenues on a GAAP nominal dollar basis, and 1-1.5% including the impact of foreign currency. Effective tax rate for this period is projected in the range of 19-19.5%.

Visa’s peer American Express (NYSE: AXP) reported its third quarter results last Friday. The New York-based payment processing company’s third quarter financial results surpassed the market’s views, helped by the increaed card member spending.

Mastercard (NYSE: MA) will report quarterly results next week.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

After positive Q4, Advanced Micro Devices (AMD) looks at a mixed 2023

Advanced Micro Devices, Inc. (NASDAQ: AMD) this week issued a cautious outlook for the first quarter of 2023, after reporting stronger-than-expected fourth-quarter results. The chipmaker did not provide full-year guidance,

META Earnings: All you need to know about Meta Platforms’ Q4 2022 earnings results

Meta Platforms, Inc. (NASDAQ: META) reported fourth quarter 2022 earnings results today. Revenue declined 4% year-over-year to $32.17 billion. Net income fell 55% to $4.6 billion while EPS dropped 52%

Add Comment
Viewing Highlight