July 20, 2017 / 8:16 PM / a month ago

Visa's revenue surges 26 pct

July 20 (Reuters) - Payments processor Visa Inc's quarterly revenue jumped nearly 26 percent as more people made payments using its network.

Net operating revenue rose to $4.57 billion in the third quarter ended June 30, from $3.63 billion a year earlier, Visa said on Thursday.

Net income rose to $2.06 billion, or 86 cents per Class A share in the third quarter, from $412 million, or 17 cents per Class A share.

Visa's results in the prior-year quarter included expenses of nearly $1.9 billion related to its acquisition of Visa Europe. (Reporting by Nikhil Subba in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below