Visa’s Operating Revenue Rose Year-over-Year

In fiscal 1Q18, Visa (V) generated net operating revenue of $4.9 billion compared to $4.5 billion a year earlier, representing a rise of 9%. The company’s service revenue was $2.1 billion in fiscal 1Q18 compared to $1.9 billion a year earlier, reflecting a rise of 12% mainly due to positive momentum in nominal payment volumes. Visa’s data processing revenue amounted to $2.1 billion in fiscal 1Q18, while a year ago, this processing revenue came to $1.9 billion.