Visa (V) FY2024 results: revenue $35.9 billion, up 10.0% on the year
Visa Inc. (V) reported revenue of $35.9 billion for fiscal 2024, the year ended 30 September 2024, up 10.0% on the year before. Net income was $19.7 billion, up 14.3%, and diluted earnings per share $9.73. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2024.
Revenue
$35.9 billion
+10.0% on the year
FY2017FY2024
Operating margin
65.7%
64.3% a year earlier
FY2017FY2024
Net income
$19.7 billion
+14.3% on the year
FY2017FY2024
Diluted EPS
$9.73
+17.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
19,950
20,755
18,849
-3.9%
Capital expenditure
1,257
1,059
970
+18.7%
Free cash flow
18,693
19,696
17,879
-5.1%
Free cash flow margin
52.0%
60.3%
61.0%
Cash from investing
-1,926
-2,006
-4,288
Cash from financing
-20,633
-17,772
-12,696
Depreciation and amortisation
1,034
943
861
+9.7%
Share-based compensation
850
765
602
+11.1%
Buybacks
16,713
12,101
11,589
+38.1%
Dividends paid
4,217
3,751
3,203
+12.4%
Dividend per share
$0.52
$0.45
$0.38
+15.6%
Diluted shares, weighted
2,029m
2,085m
2,136m
-2.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
39,137
38,733
35,581
+1.0%
Debt
20,836
20,463
22,450
+1.8%
Operating lease liabilities
685
412
422
+66.3%
Other liabilities
33,853
30,891
27,048
+9.6%
Total liabilities and equity
94,511
90,499
85,501
+4.4%
Fixed assets
3,824
3,425
3,223
+11.6%
Goodwill
18,941
17,997
17,787
+5.2%
Intangible assets
26,889
26,104
25,065
+3.0%
Investments
2,545
1,921
2,136
+32.5%
Cash and equivalents
11,975
16,286
15,689
-26.5%
Receivables
2,561
2,291
2,020
+11.8%
Other assets
27,776
22,475
19,581
+23.6%
Total assets
94,511
90,499
85,501
+4.4%
10-K for the year ended 30 September 2024, filed 13 November 2024: the filing.