Visa (V) Tops Q3 EPS by 5c, Sales Beat
Visa (NYSE: V) reported Q3 EPS of $0.86, $0.05 better than the analyst estimate of $0.81. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.36 billion.
- GAAP net income of $2.1 billion or $0.86 per share
- Net operating revenue of $4.6 billion, an increase of 26%, driven by inclusion of Europe and continued growth in payments volume, cross-border volume and processed transactions
- Payments volume growth, on a constant dollar basis, was 38% over the prior year at $1.9 trillion
- Cross-border volume growth, on a constant dollar basis, was 147% or 11% inclusive of Europe in prior year results
- Total Visa processed transactions were 28.5 billion, a 44% increase over the prior year, or 13% growth inclusive of Europe in prior year results
- Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends
“I’m pleased to report Visa’s fiscal third quarter results which reflect strong growth in payments volume, cross-border volume, and processed transactions, which were powered by economic tailwinds in the U.S. and globally,” said Alfred F. Kelly, Jr., Chief Executive Officer of Visa Inc. “Our results and growth are a reflection of our strategy to pursue the conversion of cash and checks to electronic payments in partnership with our clients around the world.”
For earnings history and earnings-related data on Visa (V) click here.
