Visa Inc. Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Visa Inc. (V) reported that its fourth-quarter non-GAAP earnings per share rose 21 percent year-on-year to $1.47. Non-GAAP earnings per share growth was approximately 23 percent on a constant-dollar basis. On average, 33 analysts polled by Thomson Reuters expected the company to report profit per share of $1.43, for the quarter. Analysts' estimates typically exclude special items.

Fourth-quarter net revenues were $6.14 billion, an increase of 13 percent, driven by continued growth in payments volume, cross-border volume and processed transactions. Net revenues growth was approximately 15 percent on a constant-dollar basis. Analysts expected revenue of $6.08 billion for the quarter.

Payments volume for the three months ended September 30, 2019, grew 9 percent over the prior year on a constant-dollar basis.

For full year 2020, on adjusted constant-dollar basis, the company projects: mid-teens growth in earnings per share; and low double-digit growth in annual net revenues.

On October 22, 2019, the board of directors declared an increase to Visa's quarterly cash dividend by 20 percent to $0.30 per share of class A common stock, payable on December 3, 2019, to all holders of record as of November 15, 2019.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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