Visa Inc. has reported robust fiscal first quarter results for the period ending December 31, with a revenue of $10.9 billion, a 15% year-over-year increase, and adjusted earnings per share of $3.17, outperforming analysts' expectations. This growth is attributed to resilient consumer spending during the holiday season, driving total transactions to 69.4 billion, a 9% increase. In a strategic move, Visa also announced the opening of its USDC stablecoin settlement service to its US network, solidifying its position in digital finance without the need to issue its own stablecoin.
“Visa announced on December 16 that it would open its USDC stablecoin settlement service to the US network.”
“Therefore, Visa has absolutely no need to issue its own stablecoin.”
“Visa · reported · revenue for the quarter ending Dec. 31 · $10.9 billion”
“Visa · reported · adjusted earnings per share · $3.17”
“Visa (V) · reported better-than-expected earnings · in its fiscal first quarter”
“Visa · topped analysts' estimates · of $10.6 billion”
“Visa · revenue for quarter · rose year over year · 15%”
“Visa (V) · reported revenue · $10.9 billion · for the quarter ending Dec. 31”
“Visa · experienced profit growth from · resilient consumer spending and a strong holiday season”
“Visa · reported revenue · for the fiscal first quarter · $10.9 billion”
“Visa (V) · reported better-than-expected earnings · fiscal first quarter”
“Visa · revenue for the quarter ending Dec. 31 rose · 15% · year over year”
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