Visa (NYSE:V) posted Q4 results that surpassed expectations, recording an EPS of $2.33, which outperformed the predicted $2.25.
Year-over-year, the company witnessed an 11% growth in revenue (10% when considering constant currency) to reach $8.6 billion, surpassing the forecasted $8.57 billion. This increase was primarily attributed to the rise in payment volume, cross-border volume, and the number of transactions processed.
In addition, Visa’s board of directors approved a 15.6% hike in the quarterly dividend, setting it at $0.520 per share, resulting in an annual dividend yield of 0.9%. The board also authorized a fresh $25 billion stock buyback program.
During the earnings discussion, the company’s management projected a low double-digit growth rate for the adjusted net revenue for the upcoming fiscal year (in constant currency terms). For the first fiscal quarter, Visa anticipates revenue growth to be in the upper to mid-high-single-digit range on an adjusted basis.