Shares of Visa (NYSE: V) rose on Monday after the digital commerce leader reported solid growth metrics late last week.
As of 2:35 p.m. EST, Visa's stock price was up more than 3%.
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Visa benefits from the expansion of the global economy
Visa's net revenue climbed 15% year over year to $10.9 billion in the quarter ended Dec. 31. CEO Ryan McInerney said the gains were fueled by "resilient consumer spending and a strong holiday season."
The total number of transactions processed on Visa's network increased by 9% to a whopping 69.4 billion. The payments giant saw particularly strong growth in its international operations, with cross-border volumes rising 12%.
All told, Visa's adjusted net income grew 12% to $6.1 billion. Its adjusted earnings per share, which were boosted by stock buybacks, jumped 15% to $3.17.
That bested Wall Street's estimates. Analysts had expected per-share profits of $3.14.
Visa is positioning itself for the future of commerce
During a conference call with investors, McInerney explained how Visa's offerings extend far beyond its traditional credit and debit cards.
The core of our consumer payments business is the Visa credential. It is much more than a physical card; it can be digital, in a wallet, online, mobile. It's the connection point to the Visa network on top of which we're able to layer all types of services, solutions, and access now totaling more than 5 billion Visa credentials.
Visa's credential-based strategy has it well-placed to benefit from the coming wave of cryptocurrency and artificial intelligence innovations, such as stablecoin payments and agentic AI commerce. As such, shareholders can expect further share price appreciation in the years ahead.
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Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Visa. The Motley Fool has a disclosure policy.