Year-end financial highlights

Fiscal year 2024 key statistics

Operational highlights 12 months ended September 30 (except where noted)

2022 2023 2024
Total volume2 $14.1T $14.8T $15.7T
Payments volume2 $11.6T $12.3T $13.2T
Transactions processed on Visa’s networks3 192.5B 212.6B 233.8B
Payment credentials4 4.0B 4.3B 4.6B
Financial highlights (GAAP) In millions (except per share data)

FY 2022 FY 2023 FY 2024
Net revenue $29,310 $32,653 $35,926
Operating expenses $10,497 $11,653 $12,331
Net income $14,957 $17,273 $19,743
Diluted class A common stock earnings per share $7.00 $8.28 $9.73
Financial highlights (non-GAAP)1 In millions (except per share data)

FY 2022 FY 2023 FY 2024
Net revenue $29,310 $32,653 $35,926
Operating expenses $9,387 $10,481 $11,609
Net income $16,034 $18,280 $20,389
Diluted class A common stock earnings per share $7.50 $8.77 $10.05

Stock performance

The accompanying graph and chart compare the five-year cumulative total return on Visa’s class A common stock with the cumulative total return on Standard & Poor’s 500 Index and Standard & Poor’s 500 Financials Index from September 30, 2019 through September 30, 2024. The comparison assumes an initial investment of $100 in Visa’s class A common stock and in each index on September 30, 2019, and that all dividends were reinvested. There is currently no established public trading market for Visa’s class B-1, B-2 or C common stock.

Base period Indexed Returns (Fiscal Year Ended)
Company / index 9/30/19 9/30/20 9/30/21 9/30/22 9/30/23 9/30/24
Visa $100 $117 $131 $105 $137 $166
S&P 500 Index $100 $115 $150 $127 $154 $210
S&P 500 Financials Index $100 $88 $140 $115 $129 $179

The accompanying chart compares the 10-year cumulative total return on Visa’s class A common stock with the cumulative total return on Standard & Poor’s 500 Index and Standard & Poor’s 500 Financials Index from September 30, 2014 through September 30, 2024. The comparison assumes that all dividends were reinvested.

Company / index 10-year cumulative return
Visa 453%
S&P 500 Index 251%
S&P 500 Financials Index 196%

Net revenue details

Visa Revenue Details
1

For further discussion and a reconciliation of our GAAP to non-GAAP financial measures presented, see Item 7 of our Form 10-K.

2

Total volume is the sum of payments volume and cash volume. Payments volume represents the aggregate dollar amount of purchases made with cards and other form factors carrying the Visa, Visa Electron, V PAY and Interlink brands and excludes Europe co-badged volume. Cash volume generally consists of cash access transactions, balance access transactions, balance transfers and convenience checks. For further discussion, see Item 7 of our Form 10-K.

3

Processed transactions include payments and cash transactions, and represent transactions using cards and other form factors carrying the Visa, Visa Electron, V PAY, Interlink and PLUS brands processed on Visa’s networks.

4

Card data at June 30, 2022, June 30, 2023 and June 30, 2024.