Today at 9:01 AM
Visa Q4 results exceed expectations
Financial results, which exceeded all expectations, were published by Visa Corporation for the fourth quarter.
The U.S. multinational announced earnings per share of $1.93 on revenue of $7.80 billion. According to a survey from Investing.com, analysts had projected earnings per share of $1.87 on revenue of $7.57 billion.
The company's results showed a boost in earnings as consumers continued to pay with their cards despite concerns about a possible recession. Fixed-currency payment volumes were up 10%, and cross-border payment volumes, which recorded card transactions outside the issuing country, were up 36%. The summer quarter was marked by a boom in travel demand.
Net revenue increased by 19%.
Recommended
Today at 10:05 AM
Today at 9:01 AM
Today at 2:01 AM
12 September
12 September
Top news
11 September
11 September
11 September
5 September