ChickenStockChickenStock

AI English summary of an SEC filing — figures as filed

Visa logoVisa V

Visa said net revenue for fiscal fourth quarter rose 12% to $9.6 billion, and net revenue for fiscal full-year 2024 rose 10% to $35.9 billion. Growth rates on a constant-dollar basis were the same as nominal growth rates for both periods.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Visa said net revenue for fiscal fourth quarter rose 12% to $9.6 billion, and net revenue for fiscal full-year 2024 rose 10% to $35.9 billion. Growth rates on a constant-dollar basis were the same as nominal growth rates for both periods.

  2. The company said GAAP net income for fiscal fourth quarter was $5.3 billion ($2.65 per share), and non-GAAP net income was $5.4 billion ($2.71 per share). GAAP net income for fiscal full-year was $19.7 billion ($9.73 per share), and non-GAAP net income was $20.4 billion ($10.05 per share).

  3. Visa said it repurchased about 62 million shares of class A common stock for twelve months ended September 30, 2024 at an average price of $266.97, for a total of $16.7 billion. As of September 30, 2024, the remaining authorization for share repurchases was $13.1 billion.

  4. Visa said its board of directors on October 29, 2024 approved an increase in the quarterly cash dividend to $0.590 per share of class A common stock. The dividend is payable on December 2, 2024 to holders of record as of November 12, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Quarterly net revenue $9.6B, annual $35.9B

Visa said net revenue for fiscal fourth quarter rose 12% to $9.6 billion, and net revenue for fiscal full-year 2024 rose 10% to $35.9 billion. Growth rates on a constant-dollar basis were the same as nominal growth rates for both periods.

Source · Based on the filing body and exhibits

Quarterly GAAP net income $5.3B, annual $19.7B

The company said GAAP net income for fiscal fourth quarter was $5.3 billion ($2.65 per share), and non-GAAP net income was $5.4 billion ($2.71 per share). GAAP net income for fiscal full-year was $19.7 billion ($9.73 per share), and non-GAAP net income was $20.4 billion ($10.05 per share).

Source · Based on the filing body and exhibits

Annual share repurchases $16.7B and remaining authorization

Visa said it repurchased about 62 million shares of class A common stock for twelve months ended September 30, 2024 at an average price of $266.97, for a total of $16.7 billion. As of September 30, 2024, the remaining authorization for share repurchases was $13.1 billion.

Source · Based on the filing body and exhibits

Quarterly cash dividend raised to $0.590

Visa said its board of directors on October 29, 2024 approved an increase in the quarterly cash dividend to $0.590 per share of class A common stock. The dividend is payable on December 2, 2024 to holders of record as of November 12, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.