Key Facts about Visa
Visa, currently valued at $680 billion as of July 11, 2023, is working towards reaching a market capitalization of $2 trillion by 2035, which would require an 11.3% annual growth rate over the next decade. This growth potential is fueled by the ongoing shift from cash to digital transactions, especially as the global payment volume still includes $12.5 trillion in cash and check transactions annually.
In the fiscal year 2024, Visa has shown a significant increase in its financial performance, with its revenue rising from $12.7 billion in 2014 to $35.9 billion in 2024, and net income rising from $5.4 billion to $19.7 billion during the same period. Visa processed nearly 316 billion transactions totaling $16.1 trillion in payment volume for the 12 months ending March 31, 2023, generating robust revenue and maintaining 80% gross margins.
