View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
July 29, 2010

Visa Inc profit down in Q3

Third quarter net income for Visa Inc was $716 million, down from $744 million on the same period last year. Net operating revenue in the fiscal third quarter of 2010 was $2.0 billion, an increase of 23 percent over the prior year, driven by strong contributions across all revenue categories, in particular data processing and international transaction revenues. Payments volume growth, on a constant dollar basis for the three months ended March 31, 2010 was 13 percent higher than last year at $745 billion

By Verdict Staff

Third quarter net income for Visa Inc was $716 million, down from $744 million on the same period last year.

Net operating revenue in the fiscal third quarter of 2010 was $2.0 billion, an increase of 23 percent over the prior year, driven by strong contributions across all revenue categories, in particular data processing and international transaction revenues.

Payments volume growth, on a constant dollar basis for the three months ended March 31, 2010 was 13 percent higher than last year at $745 billion. For the three months ended June 30, 2010, it was up 14 percent at $803 billion.

Cross-border volume growth was up 17 percent for the three months ended June 30, 2010.

Total processed transactions, which represent transactions processed by VisaNet, for the three months ended June 30, 2010 totaled 11.7 billion, were a 14 percent increase over the prior year.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International