Visa said net revenue for the 3 months ended December 31, 2024 increased 10% over the prior-year period. The company cited growth in processed transactions, nominal cross-border volume and nominal payments volume as factors, partially offset by higher client incentives.

10-QQuarterly reportFiled Jan 31, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 11, 2026

Key points

AI summary

Visa said net revenue for the 3 months ended December 31, 2024 increased 10% over the prior-year period. The company cited growth in processed transactions, nominal cross-border volume and nominal payments volume as factors, partially offset by higher client incentives.
Visa said GAAP operating expenses for the 3 months ended December 31, 2024 increased 22% over the prior-year period, and non-GAAP operating expenses increased 11%. The company cited higher personnel and general and administrative expenses as factors for the increase.
Visa said it acquired Featurespace Limited in December 2024 for a purchase consideration of $946 million. The company described Featurespace as a developer of real-time artificial intelligence payments protection technology.
Visa said it repurchased 13 million shares of its class A common stock in the open market for $3.9 billion for the 3 months ended December 31, 2024. As of December 31, 2024, the company said its share repurchase program had remaining authorized funds of $9.1 billion.

Key figures

Quarter ended December 31, 2024

Revenue: $9.5B
Operating income: $6.2B
Net income: $5.1B
Operating cash flow: $5.4B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly net revenue up 10%

Visa said net revenue for the 3 months ended December 31, 2024 increased 10% over the prior-year period. The company cited growth in processed transactions, nominal cross-border volume and nominal payments volume as factors, partially offset by higher client incentives.

Source · Based on the MD&A text of the filing

GAAP operating expenses up 22%

Visa said GAAP operating expenses for the 3 months ended December 31, 2024 increased 22% over the prior-year period, and non-GAAP operating expenses increased 11%. The company cited higher personnel and general and administrative expenses as factors for the increase.

Source · Based on the MD&A text of the filing

Featurespace acquisition for $946 million

Visa said it acquired Featurespace Limited in December 2024 for a purchase consideration of $946 million. The company described Featurespace as a developer of real-time artificial intelligence payments protection technology.

Source · Based on the MD&A text of the filing

Share repurchases of $3.9 billion

Visa said it repurchased 13 million shares of its class A common stock in the open market for $3.9 billion for the 3 months ended December 31, 2024. As of December 31, 2024, the company said its share repurchase program had remaining authorized funds of $9.1 billion.

Source · Based on the MD&A text of the filing

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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