{
  "id": 16811208,
  "title": "Visa’s quarterly profit jumps as consumer spending holds up",
  "url": "https://urgent.news/2026/10/27/visas-quarterly-profit-jumps-as-consumer-spending-holds-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T22:03:54.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/28/visa-s-quarterly-profit-jumps-as-consumer-spending-holds-up"
  },
  "original_language": "en",
  "account": "Visa's fourth-quarter profit shot up in the US, driven by robust consumer spending fueled by the Fifa World Cup and a thriving labor market. The payments network processed more transactions than ever before, with a 9% increase in payment volume and a 14% surge in cross-border activity. Shares dipped slightly after hours, but Visa's stock has climbed 14.6% this year. The card giant, which handles billions of global transactions, reported a record net revenue of US$12.1 billion, topping US$46 billion for the full year. As the world's leading payment processor, Visa generates fees by processing billions of transactions each year. With operations spanning over 200 countries, the company anticipates continued growth in net revenue for the upcoming fiscal year, with single-digit to low-teen percentage increases in profit per share. Mastercard, Visa's closest rival, is expected to release its own earnings later this week.",
  "summary": "Payments volume jumped 9% in the quarter, signalling resilient US consumer spending supported by a strong labour market and wage growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}