Visa Q2 Profit Jumps 33 Percent On Transaction Growth – American Banking News


Revenue rose in the period to $1.96 billion from $1.65 billion in the prior year. The results topped analyst estimate for earnings of 91 cents a share on revenue of $1.93 billion.

Increased usage of debit cards helped fuel revenue growth. Debit card transaction volume jumped 19 percent in the U.S. during the quarter, while foreign use rose 20 percent.

Credit card usage grew as well, but not nearly as robust as debit card growth. U.S. credit card transactions rose 1.5 percent, while foreign usage was much stronger, up 11 percent.

via Visa Q2 Profit Jumps 33 Percent On Transaction Growth – American Banking News.

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