Visa Inc. (NYSE:V) posted better-than-expected third-quarter results after Tuesday’s closing bell. Here’s a look at the key figures from the quarter.

Visa Q3 Details    

Visa reported quarterly earnings of $3.32 per share, which beat the consensus estimate of $3.23, according to Benzinga Pro data. 

Quarterly revenue came in at $11.63 billion, just ahead of the Street estimate of $11.39 billion.   

Visa highlighted the following key business drivers:

  • Payments Volume up 10% year over year
  • Cross-Border Volume Excluding Intra-Europe up 12% year-over-year
  • Cross-Border Volume Total up 13% year-over-year
  • Processed Transactions up 10% year-over-year

Read Also: Is the AI Chip Trade Actually Cracking? $1 Trillion Wiped Out in Korea — And It's Spreading

“Visa delivered a strong fiscal third quarter, with net revenue up 14% year-over-year, GAAP EPS up 10% and non-GAAP EPS up 11%. Consumer and business spending remains resilient, and our strategy continues to deliver strong performance across consumer payments, commercial and money movement solutions and value-added services,” said CEO Ryan McInerney.

V Stock Price Activity: According to data from Benzinga Pro, Visa stock was down 2.34% to $358 in Tuesday’s extended trading.  

Photo: Shutterstock