Visa Profit Tops Forecasts as Consumer Spending Holds Up
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Visa reported a 5% increase in profits to $5.1 billion for the last quarter of 2024, with revenue rising 10% to $9.5 billion, as consumer spending remains strong despite ongoing inflation.
January 30, 2025 | 9:30 pm
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Visa's Q4 2024 earnings report shows a 5% increase in profits to $5.1 billion and a 10% rise in revenue to $9.5 billion, indicating strong consumer spending despite inflation.
Visa's strong earnings and revenue growth indicate robust consumer spending, which is positive for the company's stock price. The 5% profit increase and 10% revenue growth suggest resilience against inflation, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100