Visa beats Q4 profit estimates on higher transactions, payment volumes
V•Visa’s fiscal fourth-quarter revenue rose 13% to $12.10 billion, slightly above estimates, while adjusted EPS increased 17% to $3.48 and beat consensus. The company repurchased $4.0 billion in shares and raised its dividend 16%.
1. Quarterly results
Visa reported fiscal fourth-quarter revenue of $12.10 billion, compared with analyst estimates of $12.08 billion. Adjusted EPS was $3.48 versus a $3.44 estimate, and adjusted net income was $6.60 billion versus a $6.48 billion estimate.
2. Transaction growth
Payments volume increased 9% year over year, while cross-border volume excluding intra-Europe rose 14%. Total processed transactions grew 10% to 74.2 billion.
3. Capital returns
Visa repurchased $4.0 billion in shares and raised its dividend 16%. The company did not provide specific financial guidance for the upcoming quarter or full year in its press release.
