Visa quarterly profit jumps as consumer spending holds up

Oct 27 — Visa reported a surge in fourth-quarter profit on Tuesday as customers ​swiped their cards to pay for travel, shopping and dining out, signaling resilient US consumer spending underpinned by a ‌strong labor market and wage growth.

The FIFA World Cup, which ran from June 11 ⁠to July 19, also ​helped boost activity across Visa's network ⁠as it brought many visitors to the United States.

Payments volume, ‌a gauge of ‌consumer and business spending on Visa's network, jumped 9% ⁠in the quarter. Cross-border volume excluding ⁠intra-Europe, a measure of international travel demand, jumped 14%.

Shares fell more than 1% in extended trading. The stock has gained 14.6% this year through the last close.

Billions of people worldwide use Visa and Mastercard for their everyday spending and other ‌purchases, making the card networks better ​equipped to weather downturns. They also have more expense flexibility to support profit growth.

Net revenue jumped 13% to $12.1 billion in the quarter. For fiscal year 2026, Visa hauled record net revenue of $46 billion.

The company, whose digital payments network spans across more than 200 countries and territories, earns fees from processing transactions.

The ​world's largest payment processor's net income was $6 billion, or $3.19 per share, ‌in the three ‌months ⁠ended September 30, compared with $5.1 billion, or $2.62 per share, a year earlier.

Visa expects fiscal 2027 net revenue growth to be in the low double-digit percentage. Profit per share is expected to growth between ‌a low double-digits to ​low-teens percentage.

Closest rival Mastercard is set ‌to report quarterly ⁠earnings later ​this week.

(Reporting by Atharva Singh & Arasu Kannagi Basil in Bengaluru; Editing by ​Pooja Desai)

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