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Visa (V) Tops Q3 EPS by 15c

July 23, 2015 4:07 PM

Visa (NYSE: V) reported Q3 EPS of $0.74, $0.15 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.36 billion.

“We continue to deliver solid financial results and operating metrics without the help of an improving economic environment. Strong underlying fundamentals continue to offset the drag from geopolitical tension and the strengthening dollar on our business,” said Charlie Scharf, Chief Executive Officer of Visa Inc.

Fiscal Third Quarter 2015 Financial Highlights:

Payments volume growth, on a constant dollar basis, for the three months ended March 31, 2015, on which fiscal third quarter service revenue is recognized, was 11% over the prior year at $1.2 trillion.

Payments volume growth, on a constant dollar basis, for the three months ended June 30, 2015, was 11% over the prior year at $1.3 trillion.

Cross-border volume growth, on a constant dollar basis, was 8% for the three months ended June 30, 2015.

Financial Outlook:

Visa Inc. reaffirms its financial outlook for the following metrics for fiscal full-year 2015:

Visa Inc. updates its financial outlook for the following metrics for fiscal full-year 2015:

Fiscal full-year 2015 annual adjusted diluted earnings per share growth assumes an adjusted basis for fiscal full-year 2014.

For earnings history and earnings-related data on Visa (V) click here.

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