Net income was $514 million, or 69 cents per diluted class A share, for the fourth quarter ended September 30, compared to a net loss of $356 million, or 45 cents, a year earlier.
On an adjusted basis, reflecting a normalized tax rate, restructuring and purchase amortizations, quarterly net income rose 23 percent to $552 million, or 74 cents per diluted class A share.
The company also increased its quarterly dividend by 19 percent and authorized a $1 billion share repurchase plan.
Visa's shares were down 2.8 percent at $70.83 in after-hours trade after closing up 1.54 percent on the New York Stock Exchange.
(Reporting by Juan Lagorio, editing by Leslie Gevirtz)