Visa Inc. Reports a Stellar First Quarter in Fiscal 2025
Visa Inc. has announced an impressive start to fiscal 2025, with first-quarter revenues hitting $9.5 billion. This marks a 10% increase from the same period last year, slightly exceeding analysts' expectations. The company's GAAP net income saw a 5% year-on-year growth, reaching $5.1 billion, while GAAP earnings per share rose by 8% to $2.58. Adjusted net income also saw a significant jump, climbing 11% to $5.5 billion, or $2.75 per share.
CEO Ryan McInerney on Visa's Strong Performance
"The robust first-quarter results are a testament to the healthy spending during the holiday season and the positive trends in payments volume, cross-border volume, and processed transactions growth," stated CEO Ryan McInerney. He further emphasized Visa's commitment to serving its clients and innovating across its three growth levers: consumer payments, new flows, and value-added services as the company moves forward through 2025.
Market Response to Visa's Earnings Report
Following the release of the earnings report, Visa's shares experienced a 1.44% increase in after-hours trading, reflecting investor confidence in the company's financial health and future prospects.
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