Articles Archive
Visa Posts Q1 EPS and Revenue Beat

Visa Posts Q1 EPS and Revenue Beat Jan. 26, 2024, 10:44 a.m., readers: 36

Visa (NYSE:V) reported its first-quarter financial results. The company reported an earnings per share (EPS) of $2.41, surpassing the expected consensus of $2.34. The company's revenue for the quarter was $8.6 billion, a 9% increase from the same period last year, and higher than the projected $8.55 billion. Visa's adjusted net income for the quarter showed growth, reaching $4.9 billion, up from $4.58 billion in the corresponding quarter of the previous year. The payment processing company also saw an 8% year-over-year rise in payment volume during the three-month period on a constant-dollar basis. In terms of transaction processing, Visa handled a total of 57.5 billion transactions in the quarter, which represents a 9% increase compared to the same period last year.

About NYSE: V

V isa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Price: 271.17
Market cap: 542.6 billion USD
Eps: 8.93
P/e ratio: 30.37
Focus Analysis On: V
All news about: V