Form 8-K · Current Report · Filed 2024-07-23
Visa Reports Strong Q3 2024 Earnings and Declares Quarterly Dividend
Visa Inc. announced financial results for its fiscal third quarter ended June 30, 2024, reporting a GAAP net income of $4.9 billion, a 17% increase over the prior year, and non-GAAP net income of $4.9 billion, a 9% increase. The company also declared a quarterly cash dividend of $0.520 per share of class A common stock, payable on September 3, 2024.
- Filer
- Visa Inc. V · NYSE
- Filed
- Accession
- 0001403161-24-000040
- CIK
- 0001403161
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$267.71
Next session
-5.1%
Since filing
+36.8%
Latest close
$366.13
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Precedent
Previous filings from V reporting the same item, with the next session's move:
Exhibits (1)
About Visa Inc.
Visa Inc. is a preeminent financial services corporation specializing in facilitating electronic payments globally. Visa operates one of the world's largest retail electronic payment networks and serves as a critical infrastructure provider within the financial ecosystem. The company's primary function is to facilitate global commerce through the transfer of value and information among financial institutions, businesses, consumers, and governments. One of Visa's notable features is its extensive network, which connects millions of merchants and cardholders, enabling secure and efficient transactions. Visa's technology and innovation in payment systems play a pivotal role in digital and online transactions, impacting various sectors, including retail, hospitality, and e-commerce. Visa's market significance lies in its ability to provide secure and reliable payment processing and its role in enabling the shift towards a cashless society. It is instrumental in driving financial inclusion, offering payment solutions that cater to diverse segments, from individuals to large enterprises. Headquartered in Foster City, California, Visa continues to lead the industry by embracing new technologies and expanding its payment solutions across emerging markets worldwide.
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