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Visa's revenue surges 26 percent

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Visa's revenue surges 26 percent

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(Reuters) – Payments processor Visa Inc’s <V.N> 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)

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