Visa reports better than expected Q1 results

This post was originally published on this site

Revenue grew 12% year-over-year to $7.9 billion, compared to the consensus estimate of $7.7 billion, as the company saw stable payments volume and processed transaction growth and continued cross-border travel recovery.

Total processed transactions were 52.5 billion, up 10% year-over-year.

Service revenues grew 10% year-over-year to $3.5 billion, and Data processing revenues grew 6% year-over-year to $3.8 billion. International transaction revenues grew 29% year-over-year to $2.8 billion. Other revenues were $587 million, up 31% year-over-year.

By Davit Kirakosyan