Visa Inc. reported a 10% increase in net revenue to $8.9 billion for the quarter ended June 30, 2024, compared to $8.1 billion in the same period last year. The growth was primarily driven by a 7% rise in nominal payments volume and a 10% increase in processed transactions. International revenue saw a 13% increase, contributing significantly to the overall performance. Operating expenses decreased by 4% to $2.96 billion, largely due to a reduction in litigation provision. Net income for the quarter rose by 17% to $4.87 billion, with diluted earnings per share up by 20% to $2.40. For the nine-month period, net revenue grew by 9% to $26.3 billion, and net income increased by 15% to $14.4 billion. The company's effective income tax rate remained stable at 18-19%. Visa's liquidity remains robust, with operating activities generating $13.3 billion in cash. The company repurchased $11.2 billion worth of its class A common stock and paid out $3.2 billion in dividends. Visa also completed the acquisition of Pismo Holdings for $929 million. Looking ahead, Visa plans to continue investing in growth, including the upcoming Olympic and Paralympic Games Paris 2024.

Visa Inc. reported a 10% increase in net revenue to $8.9 billion for the quarter ended June 30, 2024, compared to $8.1 billion in the same period last year. The growth was primarily driven by a 7% rise in nominal payments volume and a 10% increase in processed transactions. International revenue saw a 13% increase, contributing significantly to the overall performance. Operating expenses decreased by 4% to $2.96 billion, largely due to a reduction in litigation provision. Net income for the quarter rose by 17% to $4.87 billion, with diluted earnings per share up by 20% to $2.40. For the nine-month period, net revenue grew by 9% to $26.3 billion, and net income increased by 15% to $14.4 billion. The company's effective income tax rate remained stable at 18-19%. Visa's liquidity remains robust, with operating activities generating $13.3 billion in cash. The company repurchased $11.2 billion worth of its class A common stock and paid out $3.2 billion in dividends. Visa also completed the acquisition of Pismo Holdings for $929 million. Looking ahead, Visa plans to continue investing in growth, including the upcoming Olympic and Paralympic Games Paris 2024.