EXPLAINED: What you need to know ahead of visa s earnings release | Vintage Vibes

Visa Inc. (V), headquartered in San Francisco, California, is a payment technology company worldwide. Valued at $480.19 billion by market cap, the company facilitates transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. The digital payments giant is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Tuesday, Jul. 23.

Ahead of the event, analysts expect V to report a profit of $2.41 per share on a diluted basis, up 11.6% from $2.16 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, V completed the acquisition of Pismo, a cloud-native issuer processing and core banking platform. It also repurchased 9.7 million shares of class A common stock at an average cost of $280.80 per share for $2.7 billion.