{"id":832233,"date":"2026-07-28T21:33:14","date_gmt":"2026-07-28T21:33:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/832233\/"},"modified":"2026-07-28T21:33:14","modified_gmt":"2026-07-28T21:33:14","slug":"visa-reports-higher-quarterly-profit-due-to-resilient-consumer-spending-boost","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/832233\/","title":{"rendered":"Visa reports higher quarterly profit due to resilient consumer spending boost"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Visa\u2019s adjusted net income came in at $6.29-billion, or $3.32 per share, in the three months ended June 30, compared with $5.83-billion, or $2.98 per share, a year earlier.Jenny Kane<\/p>\n

Visa V-N<\/a> reported a higher third-quarter profit on Tuesday, as resilient consumer spending boosted transaction volumes at the world\u2019s largest payment processor.<\/p>\n

Consumer spending was steady during the quarter despite inflationary pressures and uncertainty stemming from the conflict in the Middle East.<\/p>\n

U.S. retail sales remained firm in June, while easing gasoline prices from their May highs provided some relief to stretched household budgets.<\/p>\n

Payments volume, a gauge of consumer and business spending on Visa\u2019s network, rose 10 per cent in the quarter, while processed transactions increased 10 per cent.<\/p>\n

Visa to cut 7% of work force as it seeks greater efficiency<\/a><\/p>\n

Visa, whose digital payments network spans more than 200 countries and territories, earns fees from transactions flowing through its system.<\/p>\n

The company\u2019s adjusted net income came in at US$6.29-billion, or US$3.32 per share, in the three months ended June 30, compared with US$5.83-billion, or US$2.98 per share, a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Visa\u2019s adjusted net income came in at $6.29-billion, or $3.32 per share, in…\n","protected":false},"author":2,"featured_media":832234,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-832233","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/832233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=832233"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/832233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/832234"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=832233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=832233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=832233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}