00:00It's Benzinga bringing Wall Street to Main Street.
00:02Visa shares traded lower in pre-market trading Wednesday after the company beat fiscal third
00:08quarter estimates and issued guidance aligned with its long-term growth outlook, according to
00:13Benzinga. Visa reported fiscal third quarter adjusted earnings of 3.32 per share and revenue
00:20of $11.63 billion, beating Wall Street estimates on both metrics. Total payments volume exceeded
00:26$4 trillion for the first time, while U.S. and international payments volume each increased
00:3110%. Processed transactions increased 10% to $72 billion as Visa's global payments network
00:38continued to grow. The FIFA World Cup boosted payment activity, with cross-border card present
00:44spending rising nearly 25% in U.S. host cities, more than 70% in Mexico, and more than 35
00:51% in Canada.
00:52Visa expects fourth quarter adjusted net revenue growth at the high end of the low double-digit
00:58range and fiscal 2026 revenue and earnings growth in the low-teens and mid-teens ranges,
01:03respectively. Shares were down 0.90% at 363 day 30 during pre-market trading on Wednesday,
01:10according to Benzinga ProData. For all things money, visit Benzinga.com.
