Visa Beats Profit Estimates on Travel, Online Spending Boom

Visa Beats Profit Estimates on Travel, Online Spending Boom
A Visa credit card is seen on a computer keyboard in this picture illustration taken on Sept. 6, 2017. Philippe Wojazer/Illustration/Reuters
Reuters
Updated:

Visa Inc.’s quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world’s largest payment processor.

But cross-border travel was still well below pre-pandemic levels, Visa said, with regions such as the Asia Pacific remaining closed.