Visa posted its third quarter earnings of $1.98 a share, exceeding the consensus expectation of $1.74.
Revenue climbed +19% from the year-ago quarter (or 21% on a constant-dollar basis) to $7.3 billion, also beating the consensus estimate of $7.06 billion.
CEO Alfred F. Kelly, Jr. said, "Sustained levels of growth in overall payments volume, cross-border volume and processed transactions demonstrated the resiliency of our business model. Consumers are back on the road, visiting various corners of the world, resulting in cross-border travel volume surpassing 2019 levels for the first time since the pandemic began in early 2020. While the economic outlook is unclear, we remain confident in our ability to execute with discipline and expand Visa’s role at the center of money movement."