Visa profit jumps on strong holiday spending

Reuters
01-31
<a href="https://laohu8.com/S/V">Visa</a> profit jumps on strong holiday spending

Jan 30 (Reuters) - Visa V.N reported a higher first-quarter profit on Thursday as the world's largest payment processor's customers splurged on everything from travel to dining out during the holiday season.

The San Francisco, California-based company posted an adjusted profit of $5.5 billion, or $2.75 per share, in the three months ended Dec. 31. That compares with $4.9 billion, or $2.41 per share, a year earlier.

(Reporting by Jaiveer Singh Shekhawat and Manya Saini in Bengaluru; Editing by Maju Samuel)

((Manya.Saini@thomsonreuters.com; X: manya__saini;))

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