Visa Inc
V
$338.84 -0.56%
Exchange: NYSE | Sector: Financial Services | Industry: Financial Credit Services
Q1 2024
Published: Jan 26, 2024

Earnings Highlights

  • Revenue of $8.63B up 8.8% year-over-year
  • EPS of $2.39 increased by 20.1% from previous year
  • Gross margin of 80.8%
  • Net income of 4.89B
  • ""We are off to a solid start in 2024. Consumer spending remained resilient with first-quarter year-over-year payments volume growth at 8%."" - Ryan McInerney

Visa Inc (V) Q1 2024 Financial Results: Strong Growth Amidst Resilient Consumer Spending

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)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 9,510.00 2.52 +10.2% View
Q4 2024 9,617.00 2.62 +11.7% View
Q3 2024 8,900.00 2.40 +9.6% View
Q2 2024 8,775.00 2.29 +9.9% View
Q1 2024 8,634.00 2.39 +8.8% View