Visa quarterly profit jumps 20% on strong consumer spending-February 2024-www.financetom.com

Visa quarterly profit jumps 20% on strong consumer spending

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Visa quarterly profit jumps 20% on strong consumer spending

Jul 23, 2024 1:29 PM

July 23 (Reuters) - Visa reported a rise of 20% in

third-quarter profit on Tuesday, helped by strong consumer

spending on dining out and travel even as borrowing costs remain

elevated.

Net income rose to $4.87 billion, or $2.40 per share, in the

three months ended June 30, from $4.16 billion, or $2 per share,

a year earlier.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

Devika Syamnath)

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