Visa Inc. Announces Financial Results for Fiscal Fourth Quarter 2009

Visa Inc. has announced financial results for the fiscal fourth quarter and full year of 2009 ending September 30. Visa's payments volume growth through June 30, 2009 was a negative 2% over the prior year at $687 billion. Total volume, on a nominal basis and inclusive of cash volume, was $1.1 trillion, a 3% decline over the prior year. Total cards carrying the Visa brands rose 5% worldwide over the prior year to over 1.7 billion. Total processed transactions, representing transactions processed by VisaNet for the three months ending September 30, 2009, totaled 10.5 billion, a 9% increase over the prior year. Visa also announced that its Board of Directors has authorized a $1 billion share repurchase plan.

A presentation on Visa's financial results is available online.