Categories AlphaGraphs, Earnings, Finance
Visa (V) reports double-digit growth in Q3 revenue, profit
Credit card giant Visa (NYSE: V) has reported strong revenue and earnings growth for the third quarter of 2024, reflecting a sharp increase in payment volume and cross-border volume.
Adjusted earnings, excluding special items, climbed 12% annually to $2.42 per share in the June quarter from $2.16 per share in the prior-year period. Unadjusted net income rose to $4.87 billion or $2.40 per share in the third quarter from $4.16 billion or $2.0 per share a year earlier.
Earnings benefitted from a 10% increase in revenues to $8.9 billion. Payments volume and cross-border volume increased by 5% and 14% respectively during the three months.
“During the quarter, we expanded our partnerships with many clients around the world and announced several new innovations that will help drive the future of commerce,” said Visa’s chief executive officer Ryan McInerney.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AbbVie Q4 2024 adjusted earnings decline despite 6% revenue growth
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced fourth-quarter 2024 financial results, reporting a double-digit dip in adjusted earnings and an increase in revenues. The company reported worldwide net revenues of
CVX Earnings: Chevron Q4 2024 revenue grows 11% YoY
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced fourth-quarter 2024 financial results, reporting an increase in revenues. Net income attributable to Chevron Corporation rose to $3.24 billion or
Colgate-Palmolive (CL) Q4 2024 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its fourth quarter 2024 earnings results today. Net sales of $4.94 billion remained relatively unchanged from the prior-year quarter. Organic sales grew 4.3%. Net income
