Visa (V) Beats Q4 Revenue Estimates as Strong U.S. Consumer Spending Drives Card Transactions

Visa Inc. (NYSE:V) ranks among the best financial stocks to buy according to billionaire Ken Fisher. On October 28, Visa Inc. (NYSE:V) slightly exceeded fourth-quarter earnings predictions and offered an optimistic outlook for the following fiscal year, as strong consumer spending in the United States pushed card transactions up on the company’s network.

The payments giant posted an 11.5% year-over-year revenue growth while its $10.72 billion revenue beat Wall Street’s expectations by 1.1%. On a constant-dollar basis, Visa’s payment volume increased by 8% year-over-year. Meanwhile, cross-border volume increased 13% in fiscal 2024.

Over the last five years, the company’s volumes have increased at a 39.5% annual pace, surpassing the broader financials industry and exceeding its overall revenue.

At the same time, Visa Inc. (NYSE:V) predicts low double-digit rises in FY 2026 net revenue on a constant dollar basis, which is roughly around analysts expectations of around 11%.

Visa Inc. (NYSE:V) is a digital payments technology company that operates a global payment network, connecting consumers, merchants, and financial institutions to facilitate electronic transactions.

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Disclosure: None. This article is originally published at Insider Monkey.