Visa has reported a net income of $1.07bn for the fiscal fourth quarter of 2014, a 10% decrease compared to $1.19bn for the same quarter last year.
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The company’s net operating revenue in the fiscal fourth quarter of 2014 was $3.2bn, an increase of 9% nominally or 10% on a constant dollar basis over the prior year.
Payments volume growth, on a constant dollar basis, for the three months ended 30 June 2014, on which fiscal fourth quarter service revenue is recognized, was 12% over the prior year at $1.2 trillion.
Payments volume growth, on a constant dollar basis, for the three months ended 30 September 2014, was 11% over the prior year at $1.2 trillion.
Cross-border volume growth, on a constant dollar basis, was 10% for the three months ended 30 September 2014.
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By GlobalDataTotal processed transactions, which represent transactions processed by VisaNet, for the three months ended 30 September 2014, were 16.9 billion, a 9% increase over the prior year.
Charlie Scharf, CEO of Visa, said: "Our enviable competitive position, strong business model, and great talent helped us deliver adjusted EPS growth of 17% for the fourth quarter and 19% for the full year in the face of continued tepid economic growth and a strengthening dollar.
"Our investments in Visa Checkout, Visa Token Services, and Visa Digital Solutions are just beginning to have an impact in the marketplace. We will continue to invest in these and other areas and remain confident in our ability to capture the growing opportunity in payments."
