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Visa beat estimates for Wall Street profit on Tuesday.
Visa's payments volume rose 9% in Q2, reflecting strong consumer and business spending.
KEY POINTS
- Visa's cross-border volume rose 12% in Q2, slightly below last year's 13% increase.
- Visa's board authorized a new $20 billion multi-year share repurchase program.
- Visa's data processing revenue increased 18% to $5.54 billion year-over-year.
- Visa's Q2 profit of $3.31 per share beat analyst estimates of $3.10 per share.
COMPANIES
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