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Visa (V) experiences robust progress in This fall adj. revenue; income up 12% | AlphaStreet

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Bank card large Visa (NYSE: V) has reported double-digit income and earnings progress for the fourth quarter of 2024, reflecting robust progress throughout all working segments.

Adjusted earnings, excluding particular objects, climbed 16% yearly to $2.71 per share within the September quarter from $2.33 per share within the prior-year interval. Unadjusted web earnings rose to $5.31 billion or $2.65 per share within the fourth quarter from $4.68 billion or $2.27 per share a 12 months earlier.

The underside-line progress was pushed by a 12% year-over-year improve in revenues to $9.6 billion. Funds quantity and cross-border quantity elevated by 6% and 13% respectively throughout the three months.

“Visa had a robust fourth quarter to finish a very strong fiscal year. I am proud of what our team accomplished, delivering on our financial expectations and enabling our clients with innovative solutions,” stated Visa’s chief govt officer Ryan McInerney.

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