Visa Inc. on Oct. 24 reported fiscal fourth-quarter net income of $880 million, up 13.7% from $774 million a year ago. Operating revenue for the quarter ended Sept. 30 rose 14.3% to $2.4 billion from $2.1 billion.
U.S. debit card purchase volume for the quarter rose 8.3%, to $288 billion from $266 billion. Debit card purchase volume from regions outside the U.S. rose 39.3%, to $85 billion from $61 billion.
U.S. credit card purchase volume rose 10.1%, to $228 billion from $207 billion. Credit card volume from regions outside the U.S. rose 25.1%, to $369 billion from $295 billion.
Despite a “changing business environment,” Visa is working at “unlocking new revenue opportunities through strategic investments, both in our core business and in innovations that will ensure our foundation for future growth remains strong,” Joseph Saunders, Visa chairman and chief executive officer, said in a press release.
