Payment processing giant Visa states its second-quarter earnings leapt 14% from a year earlier on an changed basis, as the business continues to advantage from a worldwide increase in credit card and debit card use
NEW YORK — Payment processing giant Visa Inc. stated its second-quarter earnings leapt 14% from a year earlier on an changed basis, as the business continues to advantage from a international boost in credit card and debit card use.
The San Francisco-based business stated it made a earnings of $4.38 billion, or $2.09 a share, leavingout one-time charges associated partly to the Russia-Ukraine war and other accounting changes. That compared to an changed revenue of $3.84 billion, or $1.79 a share, from a year earlier. The outcome beat experts’ projections.
For the past anumberof quarters, Visa’s fortunes haveactually been reinforced by a worldwide boost in online payments and use of credit and debit cards. The business processed $2.955 trillion in deals on its payment network last quarter, u