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What Drove Visa’s Fourth-Quarter Revenue Up 12% YoY?

Andrew Brunton
What Drove Visa’s Fourth-Quarter Revenue Up 12% YoY?

Visa’s (V) fourth-quarter fiscal 2018 revenues of $5.43 billion were almost in line with the Wall Street analyst estimate of $5.44 billion. On a YoY basis, quarterly revenues grew 12% mainly driven by double-digit growth in payment volume, cross-border volume, and transactions processed. However, unfavorable currency exchange rates had a negative impact of 0.5% on the company’s top-line performance.