Visa’s quarterly profit jumps as consumer spending holds up

Visa's fourth-quarter profit jumped significantly in September as consumer spending continued to thrive, bolstered by the FIFA World Cup and strong labor market indicators. The global payment giant reported a 13% increase in net revenue to US$12.1 billion, marking a record year with US$46 billion in net income. Payments volume surged 9%, while cross-border transactions, excluding intra-Europe, grew 14%, indicating robust consumer and business activity on Visa's platform.

The company attributes its success to the ongoing strength of the U.S. economy and wage growth, which have made its card networks resilient against downturns. Visa expects continued double-digit growth in net revenue for fiscal 2027, with profit per share anticipated to increase between double-digits to low-teens. The financial results highlight the enduring value of Visa's extensive digital payment network, which spans over 200 countries and territories, and earns fees from processing billions of transactions worldwide.