Visa Q4 Earnings, Revenues Beat Estimates: Details

Benzinga

Visa reported fiscal Q4 earnings of $2.98 per share, narrowly topping estimates, with revenue climbing 12% to $10.72 billion. Growth was fueled by higher payments and cross-border transaction volumes, totaling 67.7 billion processed transactions. Shares edged up 0.9% to $351.47 in after-hours trading.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Visa reported fiscal fourth quarter earnings of $2.98 per share,

00:06slightly above the $2.97 analyst estimate, according to Benzinga.

00:10Quarterly revenue reached $10.72 billion, meeting expectations of $10.61 billion,

00:15rising from $9.61 billion a year earlier.

00:18Net revenue grew 12% to $10.7 billion, driven by gains in payments volume,

00:22cross-border transactions, and process transactions with constant dollar revenue up 11%.

00:27Payments volume rose 9% year-over-year for the quarter ended September 30th,

00:31while total cross-border volume climbed 12%.

00:34Visa processed $67.7 billion transactions, a 10% increase from the prior year.

00:39Shares rose 0.9% to $3.351.47 in after-hours training on Tuesday,

00:45and according to Benzinga Pro.

00:46For all things money, visit Benzinga.com.

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