All articles tagged with #visa inc
Tesla Inc. has dropped out of the top 10 largest U.S. companies by market capitalization for the first time in 13 months, with its market cap of $562.24 billion placing it behind Visa Inc. This marks a shift in the ranking of U.S. companies and reflects changes in market dynamics.
Visa Inc reported a 9% increase in net revenues to $8.6 billion and a 17% rise in GAAP net income to $4.9 billion in Q1 2024. The company also saw an 8% growth in payments volume and a 9% increase in processed transactions. Visa returned $4.4 billion to shareholders through repurchases and dividends. The company's strategic acquisitions and focus on operational efficiency position it well for future growth in the dynamic payments landscape.