Visa Q3 2024 Earnings Summary $V
Visa's Q3 2024 earnings call reveals a robust performance with net revenue climbing to $8.9 billion, marking a 10% year-over-year increase and a 12% rise in earnings per share. CEO Ryan McInerney pointed to a stable business environment, with overall payment volume growing 7%, while cross-border transactions, excluding intra-Europe, surged 14%. Strategic partnerships, including renewed ties with Lloyds Banking Group, and the expansion of Visa Direct, which saw a remarkable 41% transaction increase, highlight the company's innovative approach. CFO Chris Suh noted 8% growth in service revenue and optimistic projections of low double-digit growth for the full year despite expected fluctuations in cross-border volumes. With a strong Global Net Promoter Score of 76 and continued advancements in value-added services, Visa is well-positioned for future success. Tune in for key insights and forecasts shaping the financial landscape.
