Visa Inc. ( V ) reported its fourth-quarter results after Tuesday's closing bell. Here's a look at the details from the report.  

The Details: Visa reported quarterly earnings of $2.71 per share, which beat the analyst consensus estimate of $2.58. Quarterly revenue came in at $9.6 billion which beat the analyst consensus estimate of $9.49 billion and was driven by the year-over-year growth in payments volume, cross-border volume and processed transactions.

The company’s board of directors increased Visa’s quarterly cash dividend by 13% to 59 cents per share.

Read Next: Boeing Strike Drags On: Union Contract Rejection ‘Adds Further Uncertainty, Costs, Recovery Delays,’ Says Analyst

Payments volume for the three months ended June 30, 2024, on which fiscal fourth quarter service revenue is

recognized, increased 7% over the prior year on a constant-dollar basis.

Payments volume for the three months ended Sept. 30, 2024, increased 8% over the prior year on a constant-dollar basis.

Cross-border volume excluding transactions within Europe, which drives Visa’s international transaction revenue, increased 13% on a constant-dollar basis for the quarter. Total cross-border volume on a constant-dollar basis increased 13% in the quarter.

Fiscal fourth quarter service revenue was $4.2 billion, an increase of 8% over the prior year, and is recognized based on payments volume in the prior quarter.

Data processing revenue rose 8% over the prior year to $4.6 billion.

International transaction revenue grew 9% over the prior year to $3.5 billion.

Other revenue of $969 million rose 30% over the prior year.

V Price Action: According to Benzinga Pro, Visa shares are up 1.85% after-hours at $287.10 at the time of publication Tuesday.

Read Also: 

Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: ‘Zeroing In’ On Right Issues