NYSE$V

Visa · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Visa's fiscal first quarter 2024 results were reported, showing growth in net revenues and GAAP EPS.

Visa Inc. reported a solid start to fiscal year 2024, with net revenues increasing by 9% and GAAP EPS growing by 20%. The growth was driven by stable payments volume and processed transactions, along with strong cross-border volume growth. Consumer spending remained resilient during the quarter.

  • GAAP net income was $4.9 billion, or $2.39 per share.
  • Non-GAAP net income was $4.9 billion, or $2.41 per share.
  • Net revenues reached $8.6 billion, a 9% increase year-over-year.
  • Cross-border volume, excluding intra-Europe transactions, increased by 16%.

Headline financials

Total Revenue

$8.63B

Previous: $7.94B+8.8%
EPS

$2.39

Previous: $2.18+9.6%
Payments Volume Growth

8.0%

No prior period
Cross-Border Volume Growth

16.0%

Previous: 22.0%-27.3%
Transactions Processed

57.5B

Previous: 52.5B+9.5%
Capital Expenditures

-$267M

No prior period
Free Cash Flow

$4.89B

Previous: $4.18B+17.0%
Net Income

$4.89B

Previous: $4.18B+17.0%
Operating Income

$5.95B

Previous: $5.09B+17.0%
Cash & Equivalents

$13.6B

Previous: $13.3B+1.9%
Total Assets

$91.4B

Previous: $85.4B+7.1%

Revenue & EPS history

Visa · Revenue · Quarterly

$8.63B

Q1 2024+8.8%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Visa · $15.5B total across 5 segments · Q4 2023

  • Data Processing Revenue
    $4.26B+13.0%
  • Service Revenue
    $3.88B+12.1%
  • Client Incentives
    $3.44B+20.2%
  • International Transactions
    $3.17B+10.4%
  • Other Revenue
    $744M+35.0%

Forward guidance

The earnings presentation contains the financial outlook for fiscal second quarter and fiscal full-year 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+10.7%

Q1 2022

Best reaction

-7.7%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.6%+5.7%+5.9%
Q1 2026-1.2%-0.6%-3.5%
Q4 2025-2.4%-2.9%-3.6%
Q3 2025-0.1%-2.6%+0.1%
Q2 2025+1.2%+2.1%+6.9%
Q1 2025-0.4%+1.9%+5.7%
Q4 2024+2.1%+2.3%+10.7%
Q3 2024-5.1%-3.1%+0.1%
Q2 2024+1.0%+0.8%+0.7%
Q1 2024-1.4%+2.0%+4.4%
Q4 2023+2.3%-1.0%+9.6%
Q3 2023-1.5%-2.1%-0.5%
Q2 2023-2.0%-0.0%-4.0%
Q1 2023+2.9%+2.4%-2.4%
Q4 2022+6.6%+9.8%+11.0%
Q3 2022-1.8%-1.0%-2.1%
Q2 2022+2.0%+1.5%-0.7%
Q1 2022+10.7%+12.9%+6.5%
Q4 2021-7.7%-9.5%-13.1%
Q3 2021-1.3%-1.5%-7.9%
Q2 2021+1.4%+1.4%-1.5%
Q1 2021-0.9%+3.9%+8.9%
Q4 2020-2.7%-2.8%+11.0%
Q3 2020+0.8%-3.3%+7.2%
Q2 2020-3.4%-1.8%+7.4%
Q1 2020-2.9%-0.6%-11.3%
Q4 2019+3.8%+3.7%+4.8%
Q3 2019+1.5%+1.7%-0.3%
Q2 2019-0.4%+1.5%+0.6%
Q1 2019+0.0%+4.8%+10.7%
Q4 2018+1.0%-3.4%-4.5%
Q3 2018+1.8%-2.5%+3.0%
Q2 2018+4.8%+4.6%+8.3%
Q1 2018-2.7%-3.4%-2.8%
Q4 2017+1.3%+1.5%+3.3%
Q3 2017+1.4%+1.8%+4.3%
Q2 2017+1.6%+2.6%+3.0%
Q1 2017+4.4%+4.1%+7.7%
Q4 2016-0.4%-0.2%-3.4%
Q3 2016+0.7%-1.1%+1.4%
Q2 2016-2.5%
Q1 2016+5.0%
Q4 2015+0.4%
Q3 2015+3.9%
Q2 2015-2.3%
Q1 2015+3.5%
Q4 2014+9.2%
Q3 2014-2.9%
Q2 2014-4.8%
Q1 2014-0.8%
Q4 2013-3.7%
Q3 2013+3.2%
Q2 2013+4.1%
Q1 2013-1.5%
Q4 2012+4.0%
Q3 2012+3.2%
Q2 2012-5.4%
Q1 2012+5.1%
Q4 2011-0.2%
Q3 2011-1.4%
Q2 2011-0.5%
Q1 2010+1.3%
Q4 2010-1.9%
Q3 2010-0.5%
Q2 2010-2.1%

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