Saturday, March 25, 2023
HomeearningsVisa profit rises 9 percent

Visa profit rises 9 percent

Visa, the world's largest credit and debit card company, reported a 9 percent rise in quarterly profit as more people used its cards.

Visa shares were higher in premarket trading following the report. (Click here to track the company's shares following the report.)

Net income attributable to Visa rose to $1.41 billion, or $2.20 per Class A share, from $1.29 billion, or $1.93, a year earlier.

Analysts had expected the company to report earnings of $2.16 a share on $3.13 billion in revenue, according to a consensus estimate from Thomson Reuters.

By Reuters. CNBC contributed to this report.


Most Popular