Visa prevented 80 million fraudulent transactions worth $40 billion globally last year thanks to investments in technology including artificial intelligence (AI), a senior company figure said on Tuesday.
Visa Inc. V will release its fiscal third quarter 2024 financial results, after the closing bell on Tuesday, July 23.
Global payments technology behemoth Visa (NYSE: V ) has advanced only 2% so far in 2024. By comparison, the S&P 500 index has rallied 20%.
Visa is scheduled to report its Q3 2024 results early next week, and the market does not seem to expect any surprises. The company is in a good position to report better-than-expected revenue growth, albeit the share price response is likely to be muted. Investors should also pay close attention to any one-off items when it comes to earnings, as Visa's operating margins have likely peaked already.
Visa's (V) fiscal third-quarter earnings are likely to have benefited from higher transactions and payment volumes.
Legendary value investor Warren Buffett (Trades, Portfolio), also known as the Oracle of Omaha, once said, "Our favorite holding period is forever."
Visa processes nearly $15 trillion in payments annually, but its future growth will come from new drivers such as New Flows and Value Added Services. New Flows, which include business-to-business and government-to-consumer transactions, present a $200 trillion volume opportunity for Visa. Value Added Services, which make up nearly 25% of Visa's revenues, are growing at an above-20% pace and could surpass Mastercard in the near future.
Visa (V) closed at $269.25 in the latest trading session, marking a +0.3% move from the prior day.
Global payments giant Visa (NYSE: V) has recently demonstrated resilient double-digit growth and is poised to sustain this momentum. Despite a modest revenue slowdown in the past year, Visa's recent results have reignited investor confidence.
Visa (V) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Visa (V) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks.com users have recently been watching Visa (V) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.