(Reuters) -Visa reported a rise in fourth quarter adjusted profit on Tuesday, as strong consumer spending trends helped the global payments processing company’s card transaction volumes.
Global payments volume, a gauge of overall consumer and business spending on Visa’s network, jumped 9% on a constant dollar basis in the quarter ended September 30.
The company reported adjusted net income of $5.80 billion, or $2.98 per share, in the three months ended September 30, compared with $5.43 billion, or $2.71 per share, in the year earlier.
(Reporting by Pritam Biswas in Bengaluru; Editing by Anil D’Silva)
