Visa Inc. (NYSE:V) Q4 2024 Earnings Conference Call October 29, 2024 5:00 PM ET
Company Participants
Jennifer Como - Global Head of IR
Ryan McInerney - CEO
Chris Suh - CFO
Conference Call Participants
Harshita Rawat - Bernstein
Ramsey El-Assal - Barclays
Sanjay Sakhrani - KBW
Paul Golding - Macquarie
Tien-Tsin Huang - JPMorgan
Rayna Kumar - Oppenheimer
Andrew Schmidt - Citigroup
Dave Koning - Baird
Tim Chiodo - UBS
Bryan Keane - Deutsche Bank
Jason Kupferberg - Bank of America
Craig Maurer - FT Partners
Trevor Williams - Jefferies
Darrin Peller - Wolfe Research
Operator
Welcome to Visa's Fiscal Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants are in a listen-only mode until the question-and-answer session. Today's conference is being recorded. [Operator Instructions] I would now like to turn the conference over to your host, Ms. Jennifer Como, Senior Vice President and Global Head of Investor Relations. Ms. Como, you may begin.
Jennifer Como
Thank you. Good afternoon, everyone, and welcome to Visa's fiscal fourth quarter and full year 2024 earnings call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer; and Chris Suh, Visa's Chief Financial Officer. This call is being webcast on the Investor Relations section of our website at investor.visa.com. A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights have been posted on our IR website.
Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of future performance, and our actual results could differ materially as the result of many factors. Additional information concerning those factors is available in our most recent annual report on Form 10-K and any subsequent reports on Forms 10-Q and 8-K, which you can find on the SEC's website and the Investor Relations section of our website.
Our comments today regarding our financial results will reflect revenue on a GAAP basis and all other results on a non-GAAP nominal basis unless otherwise noted. The related GAAP measures and reconciliation are available in today's earnings release and related materials available on our IR website.
And with that, let me turn the call over to Ryan.
Ryan McInerney
Good afternoon, everyone. Thank you for joining us. Our fourth quarter results were very strong with $9.6 billion in net revenue, up 12% year-over-year and EPS up 16%. Our key business drivers were relatively stable compared to Q3. In constant dollars, overall payments volume grew 8% year-over-year, U.S. payments volume grew 5% and international payments volume grew 10%. Cross-border volume, excluding intra-Europe, rose 13%, and processed transactions grew 10% year-over-year.