Visa Inc. reported impressive Q4 earnings with $10.9 billion in revenue, a 15% increase year-over-year that surpassed analysts' expectations. The growth, fueled by robust consumer spending and a successful holiday season, also led to adjusted earnings per share of $3.17. Additionally, Visa announced it will open its USDC stablecoin settlement service to the US network, signaling its strategic shift towards digital currencies while affirming it will not issue its own stablecoin.
“Visa announced on December 16 that it would open its USDC stablecoin settlement service to the US network.”
“Therefore, Visa has absolutely no need to issue its own stablecoin.”
“Visa · reported · revenue for the quarter ending Dec. 31 · $10.9 billion”
“Visa · reported · adjusted earnings per share · $3.17”
“Visa (V) · reported better-than-expected earnings · in its fiscal first quarter”
“Visa · topped analysts' estimates · of $10.6 billion”
“Visa · revenue for quarter · rose year over year · 15%”
“Visa (V) · reported revenue · $10.9 billion · for the quarter ending Dec. 31”
“Visa · experienced profit growth from · resilient consumer spending and a strong holiday season”
“Visa · reported revenue · for the fiscal first quarter · $10.9 billion”
“Visa (V) · reported better-than-expected earnings · fiscal first quarter”
“Visa · revenue for the quarter ending Dec. 31 rose · 15% · year over year”
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