Leading payments technology company Visa Inc. (V) reported solid results for the fourth quarter. The company reported higher-than-expected earnings and revenue in the last quarter. Its EPS was 3.5% above the consensus estimate, while its revenue beat analyst estimates by 3.1%.
V’s payments volume in the fourth quarter rose 10% year-over-year on a constant-dollar basis, while total cross-border volume increased 36% year-over-year. Its processed transactions climbed 12% over the prior-year period. For fiscal 2022, payments volume increased 15% on a constant-dollar basis, and processed transactions rose 17% year-over-year.
