Net income increased to $3.9 billion, or $1.86 per sharein the three months ended September 30, compared with $3.6 billion, or $1.65 per share, in the same period a year ago.
In turn the credit card company reported profits for US$14,957 million accumulated in its fiscal year 2022 -it does not follow the natural calendar-, 21% more than the previous year.
It’s a statement, The US financial company indicated that its turnover in the last 12 months amounted to 29,310 million, 22% more year-on-year.
In the fourth quarter, between July and September, Visa obtained a profit of 3,940 million (10% more compared to that tranche of 2021) with revenues of 7,787 million (19% higher).
Chief Executive Officer Alfred Kelly Jr. noted that spending trends for the year have continued over the last three months: strength in consumer payments, resilience in e-commerce and recovery in international travel.
Kelly highlighted the good results “despite the macroeconomic uncertainty and the geopolitical crisis”, and expressed confidence that Visa will continue to grow in the long term.
Source: Ambito
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