Visa (V) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate relative to the prior year was notably higher than the sequential increase.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth rate relative to the prior year was notably higher than the sequential increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.9B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $8.6B | +10.6% |
| Dec 31, 2023 | $8.6B | +8.8% |
| Mar 31, 2024 | $8.8B | +9.9% |
| Jun 30, 2024 | $8.9B | +9.6% |
Revenue performance
The reported revenue reflects continued upward momentum, with a modest sequential gain and a stronger year-over-year rise.
Quarterly comparison
Compared to the prior quarter, revenue edged higher, while the comparison with the same quarter last year showed a more substantial increase.
What to watch
The sequential growth rate, while positive, was lower than the year-over-year rate, suggesting a potential moderation in the pace of expansion.