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
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed