Visa reported fiscal fourth-quarter net revenue of $12.14 billion, up 13.2% year on year, and record full-year net revenue of about $46 billion, up 15%, while raising its quarterly dividend 16% to $0.78 a share.
Visa reported fiscal fourth-quarter net revenue of $12.14 billion on October 27, up 13.2% from $10.72 billion a year earlier, closing a fiscal year in which net revenue reached a record of about $46 billion, up 15%. Adjusted earnings rose to $3.48 a share in the quarter from $2.98 a year earlier, while reported net income was $6.0 billion, or $3.19 a share.
For the full year, reported net income was $23.5 billion and non-GAAP net income $25.3 billion. Visa's board raised the quarterly cash dividend 16% to $0.78 a share, and the company returned $5.2 billion to shareholders in the quarter and $25.6 billion over the fiscal year through dividends and buybacks, including about $4.0 billion of share repurchases in the quarter at an average cost of $369.12 a share.
Chief executive Ryan McInerney described the year as a milestone, pointing to the record revenue and to growth in payments volume, cross-border activity and processed transactions across service, data processing, international transaction and other revenue categories, even as operating expenses rose on higher general, marketing and personnel costs.
The company's own figures are the anchor for this story, and they are consistent across the earnings summaries checked. Analyst-estimate trackers disagreed with each other on the consensus for the quarter, so this story makes no claim about whether Visa beat or missed expectations on that basis; the reported revenue, earnings and dividend figures themselves are not in dispute.
The result matters because Visa's network sits across consumer spending, cross-border travel and business payments in more than 200 countries and territories, so its volume and revenue trends are read as a broad gauge of digital payments demand. The next test will be whether payments volume and cross-border growth hold at the rates reported for this quarter when Visa reports again.