Visa Inc. posted impressive financial results for the third quarter of 2024, with significant gains across key metrics. The company reported net revenue of $8.9 billion, marking a 10% increase from the previous year. This growth reflects Visa's expanding market influence and successful strategic initiatives.

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GAAP net income for the quarter reached $4.9 billion, a notable 17% rise year-over-year. This increase demonstrates Visa's improved operational efficiency and effective cost management strategies.

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GAAP earnings per share (EPS) experienced a substantial jump of 20%, reaching $2.40. This notable EPS growth indicates Visa's heightened profitability and commitment to delivering shareholder value.

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In terms of non-GAAP measures, Visa's net income also stood at $4.9 billion, up 9% from the previous year. Non-GAAP earnings per share were reported at $2.42, reflecting a 12% increase. These non-GAAP figures, which typically exclude certain one-time items and non-cash expenses, provide a clearer view of Visa's ongoing operational success.