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Visa Reports Strong Q3 Performance with 14% Revenue Growth, Bullish on Consumer Spending
Visa Reports Strong Q3 Performance with 14% Revenue Growth, Bullish on Consumer Spending
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Visa's Q3 2024 financial results underscore resilience in global payment volumes, with revenue climbing 14% to $10.2 billion and adjusted EPS jumping 23%. Processed transactions grew 10% year-over-year, while cross-border volumes (ex-Europe) ROSE 11%—signaling sustained consumer strength despite macroeconomic uncertainties.
CEO Ryan McInerney highlighted "resilient" discretionary and nondiscretionary spending trends, with momentum continuing post-quarter-end. The firm repurchased $4.8 billion in shares, maintaining aggressive capital return policies amid 35% GAAP operating expense growth from litigation provisions.
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