Visa Inc (NYSE-V), one of the global leaders in payment technology, ended 2024 on a high note, exceeding analysts’ expectations. Fourth-quarter revenue came in at $8.78 billion, above expectations of $8.62 billion. The company’s net income rose to $4.7 billion, or $2.27 per share, compared to $1.86 per share last year. Adjusted earnings per share were $2.33, again above market estimates.
Strong Growth and Service Expansion
The main driver of the success was growth in cross-border transactions, which grew 18% excluding intra-European operations. In addition, the company continues to expand its innovative digital payment solutions. One of the key projects is the development of Push-to-Wallet, which enables easy integration of virtual cards into mobile wallets such as Apple Pay or Google Pay. This innovation strengthens the security and control of payments and attracts new customers.
Promotions and Outlook
Shares of Visa are currently trading around $309, close to their one-year high. Despite strong financial results, the stock has seen a slight decline, which may be due to investor concerns over ambitious expectations of double-digit revenue growth on an adjusted constant dollar basis in 2025.
Stability and Dividend Attractiveness
Visa also continues to pay a stable dividend, which currently stands at $0.52 per share with an annual yield of 0.73%. The company’s high credit rating (AA-) and strong balance sheet make it an attractive choice for investors focused on the long-term. Thanks to these indicators, Visa confirms its position as a leading dividend stock.
Conclusion
The year 2024 was a successful period for Visa Inc. where the company was able to not only grow financially but also innovate and strengthen its position in the digital payments market. With healthy cash flow, the development of new services, and stable dividends, Visa remains an attractive option for investors looking for a combination of growth and stability.
Visa Inc (NYSE-V) also pays regular quarterly dividends to its shareholders. The dividend yield is currently 0.75% per annum and the actual dividend amount has been approved by the company’s AGM at $0.59 per share. Due to the fact that the company posted positive financial results for the fourth quarter of 2024 and the full year 2024, as well as the expansion of digital payment services to new features that will enable the seamless use of virtual push-to-wallet cards very popular for buying shares among private investors and multinational investment corporations, where according to analysts of brokerage companies and financial strategists of investment banks, the share price can be expected to grow in the short to medium term investment horizon. The average target price was set at USD 326.41 per share.
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