Visa said net revenue for the quarter ended December 31, 2024 was $9.5 billion, an increase of 10%, or 11% on a constant-dollar basis, and GAAP net income was $5.1 billion, or $2.58 per share, increases of 5% and 8%, respectively.

1. 01

   Visa said net revenue for the quarter ended December 31, 2024 was $9.5 billion, an increase of 10%, or 11% on a constant-dollar basis, and GAAP net income was $5.1 billion, or $2.58 per share, increases of 5% and 8%, respectively.

2. 02

   The company said non-GAAP net income, excluding severance costs of $213 million, lease consolidation costs of $39 million, and a litigation provision related to the interchange multidistrict litigation of $27 million, was $5.5 billion, or $2.75 per share, increases of 11% and 14%, respectively.

3. 03

   Visa said payments volume increased 9% on a constant-dollar basis for the 3 months ended December 31, 2024, cross-border volume increased 16%, and processed transactions were 63.8 billion, an increase of 11%.

4. 04

   The company repurchased approximately 13 million shares of class A common stock at an average cost of $300.61 per share for $3.9 billion during the 3 months ended December 31, 2024, and said remaining authorized funds for share repurchases were $9.1 billion. It also declared a quarterly cash dividend of $0.590 per share of class A common stock payable on January 28, 2025.

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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

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