Overview

• Visa's quarterly profit increased by 20%, reaching $2.42 per share, slightly above analyst predictions.
• Revenue for the quarter was $8.9 billion, missing Wall Street estimates by $60 million.
• The company's stock dropped 4.6% in extended trading following the revenue miss.
• A federal judge rejected a $30 billion settlement between Visa, Mastercard, and merchants over payment fees, prolonging a two-decade legal battle.
• Visa's digital payment volumes continue to grow, although the pace of adoption is slowing.