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Visa Inc. Message Board

  • adspatz adspatz Oct 31, 2013 10:09 AM Flag

    Visa net income falls 28.3%

    Search for "SEC Live Filings Digest" to find out more.
    Visa Inc. (V) announced its financial results for the fourth fiscal quarter 2013, reporting net income that fell 28.3% from a year ago. Visa’s net income fell from $2.48B to $1.86B while operating revenues increased 3% to $3B. Revenues in all of its major lines increased, including a 13% increase in data processing revenue to $899M, a 13% increase in payment volume to $1.1T, and a 10% increase from revenue on services to $1.4B. For the full-year 2013, Visa net income more than doubled from $2.1B to $5B. In an effort to continue to improve shareholder value, the company approved a dividend increase, bringing the annual dividend up from $1.32 to $1.60 per share. Additionally, Visa approved a $5B share repurchase program that will continue to return value to shareholders.

67.48-0.24(-0.35%)Apr 24 4:00 PMEDT