Executive Summary
In the first quarter of 2024, Visa Inc. (V) reported robust financial results highlighted by an 8% year-over-year increase in global payments volume and a 9% rise in net revenues. Notably, the company achieved a 20% increase in GAAP earnings per share (EPS) driven by strong performance in cross-border transactions, which surged by 16% year-over-year. Additionally, Visa has demonstrated its resilience in consumer payments through ongoing partnerships and the expansion of acceptance locations, which grew by 17%. Management remains confident in their strategic execution across consumer payments, new flows, and value-added services, ensuring sustained growth in a dynamic market.
Key Performance Indicators
Revenue
8.63B
QoQ: 0.29% | YoY:8.80%
Gross Profit
6.97B
80.77% margin
QoQ: 0.87% | YoY:8.61%
Operating Income
5.95B
QoQ: 7.28% | YoY:16.97%
Net Income
4.89B
QoQ: 4.46% | YoY:17.01%
EPS
2.39
QoQ: 5.29% | YoY:20.10%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $8.634 billion (9% YoY increase)
- **Gross Profit**: $6.974 billion (8.6% YoY)
- **Operating Income**: $5.954 billion (16.97% YoY)
- **Net Income**: $4.890 billion (17% YoY)
- **EPS**: $2.39 (20.1% YoY)