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Jun 30, 2024

Visa Q3 2024 Earnings Report

Visa's Q3 2024 financial performance reflected strong growth in net revenue, GAAP EPS, and non-GAAP EPS, driven by stable key business drivers and expanded partnerships.

Key Takeaways

Visa reported strong Q3 2024 results with a 10% increase in net revenue to $8.9 billion. GAAP EPS grew by 20% to $2.40, and non-GAAP EPS increased by 12% to $2.42. The company saw stable growth in payments volume, cross-border volume, and processed transactions.

Net revenue increased by 10% to $8.9 billion.

GAAP net income was $4.9 billion, or $2.40 per share.

Non-GAAP net income was $4.9 billion, or $2.42 per share.

Payments volume increased by 7%, cross-border volume grew by 14%, and processed transactions rose by 10%.

Total Revenue
$8.9B
Previous year: $8.12B
+9.6%
EPS
$2.42
Previous year: $2.16
+12.0%
Processed transactions
59.3B
Previous year: 54B
+9.8%
Cross-border volume growth
14%
Previous year: 17%
-17.6%
Gross Profit
$6.86B
Cash and Equivalents
$19.5B
Free Cash Flow
$4.73B
Total Assets
$91B

Visa

Visa

Visa Revenue by Segment

Forward Guidance

The earnings presentation contains the financial outlook for fiscal fourth quarter and fiscal full-year 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income