Stock Analysis
Visa Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Visa (NYSE:V) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$8.78b (up 9.9% from 2Q 2023).
- Net income: US$4.66b (up 11% from 2Q 2023).
- Profit margin: 53% (in line with 2Q 2023).
- EPS: US$2.33 (up from US$2.04 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Visa Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 4.9%.
Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Visa's balance sheet health.
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About NYSE:V
Visa
Visa Inc. operates as a payment technology company in the United States and internationally.
Outstanding track record with excellent balance sheet.