Visa quarterly profit grows on robust card spending
Visa reported a second-quarter adjusted net income of 6.3 billion dollars as payment volumes remained steady. The results surpassed last year's performance.
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VISA INC-CLASS A SHARES reported second-quarter adjusted net income of $6.3 billion, or $3.31 per share, for the period ending March 31. This represents a 15.8% increase from the $5.44 billion, or $2.76 per share, earned during the same quarter a year earlier. As the world's largest payment processor, Visa benefited from resilient consumer spending volumes that are offsetting broader macroeconomic uncertainty.
