Visa Inc. (NYSE: V), the global payments giant, has reported third-quarter revenue growth that fell short of Wall Street expectations, a rare miss for the world’s largest payments processor. The company’s quarterly net revenue came in at $8.90 billion, just shy of analysts’ estimates of $8.92 billion, leading to a drop in its shares during extended trading. This revenue miss, has prompted several brokerages to revise their price targets on Visa’s stock.Despite the revenue miss, Visa Inc. reported solid fina ...

Visa Inc V shares tanked in early trading on Wednesday, after the company reported its fiscal third-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.Piper Sandler On VisaAnalyst Arvind Ramnani maintained an Overweight rating while cutting the price target from $322 to $319.Visa reported quarterly revenues at $8.9 billion, slightly missing the Street expectations, while non-GAAP earnings of $2.42 per share surpassed expectations, Ramnani said."Service and ...

Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled the payments processor to block 80 million fraudulent transactions worth $40 billion in 2023.Charles Lobo, regional risk officer for Visa in Central and Eastern Europe, Middle East and Africa, shared these figures with Reuters, according to a report posted Tuesday (July 23).“Now despite that, there’s still a lot of bad that’s happening,” Lobo said, per the report.Over the past five years, worldwide, Visa has invested ...

Financial Data and Key Metrics Changes - Visa reported Q3 2024 net revenue of $8.9 billion, a 10% year-over-year increase, with EPS up 12% [6][27] - Overall payments volume grew 7% year-over-year, with U.S. payments volume increasing by 5% and international payments volume by 10% [6][27] - Cross-border volume, excluding intra-Europe, rose 14%, and processed transactions grew 10% year-over-year [6][27] Business Line Data and Key Metrics Changes - Consumer payments saw significant growth opportunities, with over $20 trillion in potential to capture cash and other payment forms [8] - New flows revenue increased by 18% year-over-year, with Visa Direct transactions growing 41% to 2.6 billion [16][32] - Value-added services revenue grew 23% in constant dollars, driven by strong performance in issuing solutions and advisory services [22][32] Market Data and Key Metrics Changes - In the U.S., card-present volume grew 2% and card-not-present volume grew 7% [27] - Internationally, payments volume in Latin America, CEMEA, and Europe (excluding the U.K.) each grew more than 16% in constant dollars [28] - Asia Pacific payments volume growth slowed to less than 0.5% year-over-year, primarily due to macroeconomic conditions in Mainland China [28] Company Strategy and Development Direction - Visa aims to enhance client relationships through strategic partnerships and brand engagement, focusing on consumer payments, new flows, and value-added services [8][11] - The company is expanding its co-brand partnerships and enhancing its value proposition through innovative products and services [12][13] - Visa is committed to growing its presence in digital wallets and improving checkout experiences, with a focus on security and ease of use [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain double-digit revenue growth despite softer U.S. volume growth [37][40] - The outlook for Q4 includes expectations for payments volume and processed transactions to grow at similar rates to Q3, with adjusted net revenue growth anticipated in the low double digits [34][35] - Management acknowledged macroeconomic challenges but remains optimistic about the growth potential in value-added services and new flows [35][36] Other Important Information - Visa's buyback program saw approximately $4.8 billion in stock repurchases and over $1 billion in dividends distributed to shareholders [33] - The company faced a court decision rejecting a settlement related to injunctive relief, which management plans to address through a revised settlement [25] Q&A Session Summary Question: U.S. volume growth rate and structural vs. cyclical factors - Management noted stable drivers in Q3 with a slight decrease in early July due to external factors like a hurricane and tech outages [38][39] Question: Value-added services growth and its impact on consolidated revenue - Management highlighted consistent growth in value-added services, which is expected to continue driving overall revenue growth [44][47] Question: Incentives and their growth expectations - Management discussed the lower expectations for incentives in Q4, attributing it to a lower volume of renewals compared to previous years [49][50] Question: Cyclicality of value-added services and pricing power - Management expressed confidence in the ability to price for value, emphasizing the ongoing demand for their services [52][54] Question: U.S. transaction size outlook - Management confirmed expectations for slight improvement in average transaction sizes in Q4, despite potential impacts from fuel prices [56][57] Question: Contactless payments penetration - Management reported that 80% of face-to-face transactions globally are now contactless, with significant growth in the U.S. market as well [60][61] Question: Litigation updates and potential impacts on the ecosystem - Management disagreed with the court's decision on the settlement and emphasized the complexity of the ecosystem in their operations [63][64] Question: Value in-kind incentives and revenue recognition - Management noted an increasing preference for value-added services over cash incentives, which is becoming a key part of client discussions [68][69]

For the quarter ended June 2024, Visa (V) reported revenue of $8.9 billion, up 9.6% over the same period last year. EPS came in at $2.42, compared to $2.16 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.91 billion, representing a surprise of -0.11%. The company delivered an EPS surprise of +0.41%, with the consensus EPS estimate being $2.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Visa (V) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.41%. A quarter ago, it was expected that this global payments processor would post earnings of $2.43 per share when it actually produced earnings of $2.51, delivering a surprise of 3.29%.Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33977 VISA INC. (Exact name of Registrant as specified in its charter) Delaware 26-0267673 (State or other jurisdiction of incorporation or ...

Visa Reports Fiscal Third Quarter 2024 Results San Francisco, CA, July 23, 2024 – Visa (NYSE: V) • GAAP net income of $4.9B or $2.40 per share and non-GAAP net income of $4.9B or $2.42 per share • Net revenue of $8.9B, an increase of 10% on a nominal and constant-dollar basis • Growth in payments volume, cross-border volume and processed transactions remained relatively stable • Share repurchases and dividends of $5.8B Income Statement Summary | --- | --- | --- | |------------------------------------------- ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Visa Inc. V will release its fiscal third quarter 2024 financial results, after the closing bell on Tuesday, July 23.Analysts expect the San Francisco, California-based company to report quarterly earnings at $2.42 per share, up from $2.16 per share in the year-ago period. Visa is expected to post revenue of $8.92 billion, according to data from Benzinga Pro.Visa recently partnered with Amazon.Com, Inc. AMZN to offer Canadian consumers more flexible payment options at checkout.Visa shares gained 0.9% to clo ...