Executive Summary
In the third quarter of 2024, Visa Inc (V) reported impressive financial results featuring a 10% increase in net revenue to $8.9 billion and a net income of $4.872 billion, reflecting a 17% year-over-year growth. The earnings per share (EPS) rose 12% to $2.42, driven primarily by stable volume growth across both consumer payments and new flows, alongside robust performance in value-added services. Visa continues to enhance its market position through strategic partnerships and innovative product offerings, making significant investments in growth sectors like digital payments and financial technology solutions.
Key Performance Indicators
Revenue
8.90B
QoQ: 1.42% | YoY:9.57%
Gross Profit
7.13B
80.08% margin
QoQ: 2.06% | YoY:10.33%
Operating Income
5.94B
QoQ: 10.91% | YoY:18.19%
Net Income
4.87B
QoQ: 4.48% | YoY:17.23%
EPS
2.40
QoQ: 4.80% | YoY:20.00%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $8.9 billion (up 10% YoY, 1.42% QoQ)
- **Net Income:** $4.872 billion (up 17% YoY, 4.48% QoQ)
- **EPS:** $2.42 (up 12% YoY)
- **Operating Income Margin:** 66.7%
- **Free Cash Flow:** $4.734 billion