Visa Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Sets Guidance

Visa (V) reported fiscal Q1 non-GAAP earnings late Thursday of $2.41 per diluted share, up from $2.18 a year earlier.

Analysts surveyed by Capital IQ expected $2.34.

Revenue for the quarter ended Dec. 31 was $8.63 billion, up from $7.94 billion a year earlier. Analysts surveyed by Capital IQ expected $8.56 billion.

The company said it expects EPS growth in the high teens for fiscal Q2 and in the low teens for fiscal full-year 2024.

It expects net revenue growth in the upper mid to high single-digit for fiscal Q2 and low double-digit for the fiscal full year.

The company kept its quarterly dividend at $0.52 a share, payable March 1 to shareholders of record on Feb. 9.

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