Visa Reports Strong Profit Growth Despite Revenue Miss and Ongoing Legal Disputes

Visa's third-quarter earnings rise 20%, but revenue falls short of expectations amid high borrowing costs and legal challenges over interchange fees.

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.