On April 23, 2024, Visa Inc. reported its financial results for the fiscal second quarter ended March 31, 2024. The company announced a GAAP net income of $4.7 billion, or $2.29 per share, and a non-GAAP net income of $5.1 billion, or $2.51 per share. Net revenue reached $8.8 billion, marking a 10% increase on both a nominal and constant-dollar basis. Visa's growth was attributed to stable payments volume, processed transactions, and cross-border volume. The company also declared a quarterly cash dividend of $0.520 per share, payable on June 3, 2024, to shareholders of record as of May 17, 2024. Additionally, Visa's board of directors authorized share repurchases and dividends totaling $3.8 billion. Visa's CEO, Ryan McInerney, expressed confidence in the company's performance and its focus on expanding consumer...Show More

On April 23, 2024, Visa Inc. reported its financial results for the fiscal second quarter ended March 31, 2024. The company announced a GAAP net income of $4.7 billion, or $2.29 per share, and a non-GAAP net income of $5.1 billion, or $2.51 per share. Net revenue reached $8.8 billion, marking a 10% increase on both a nominal and constant-dollar basis. Visa's growth was attributed to stable payments volume, processed transactions, and cross-border volume. The company also declared a quarterly cash dividend of $0.520 per share, payable on June 3, 2024, to shareholders of record as of May 17, 2024. Additionally, Visa's board of directors authorized share repurchases and dividends totaling $3.8 billion. Visa's CEO, Ryan McInerney, expressed confidence in the company's performance and its focus on expanding consumer payments and partnerships. The company also highlighted its acquisition of Pismo, a cloud-native issuer processing and core banking platform, and a settlement with U.S. merchants to lower credit interchange rates. Visa's financial outlook for the fiscal third quarter and full-year 2024 was provided, with details available on the company's Investor Relations website.