Visa’s Second-Quarter Results Beat Wall Street Estimates 💳

Visa’s second-quarter results exceeded Wall Street’s expectations, as consumers continued to swipe their cards for purchases, sending Visa’s shares up 2.7% after market close. The world’s largest payments processor saw an 8% rise in payment volume and a 16% jump in cross-border volume excluding intra-Europe, demonstrating healthy international travel demand. Visa’s net revenue of $8.8 billion and adjusted earnings per share of $2.51 surpassed analyst estimates, with Visa reaffirming its revenue and profit forecasts for 2024.