Visa Beats Q4 Earnings on Strong Payments Volume, Hikes Dividend

Visa Inc. (V) reported fourth-quarter fiscal 2024 earnings of $2.71 per share, which outpaced the Zacks Consensus Estimate of $2.58 by 5%. The bottom line increased 16% year over year. Net revenues of $9.6 billion improved 12% year over year. The top line beat the consensus mark by 1.2%. The quarterly results were driven by increased payments volume, processed transactions and cross-border volumes, benefiting from expanding global operations and solid demand for digital payments. However, the upside was par ...