30/07/2025  Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares

Business


​Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global payments processing company was helped by strong card spending volumes despite softness in the broader economy.

However, the payments processing company kept its full-year forecast for net revenue growth unchanged, sending shares of the company down nearly 2% in extended trading.
Visa maintained its forecast of annual net revenue growth in the low single digits for fiscal year 2025.

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