Factors that Drive the Performance of Payment Processing Companies
Visa Inc. (V) ended the fiscal second quarter with net operating revenues of $5.1 billion, which implies a 13.0% YoY (year-over-year) increase. On a constant dollar basis, the company reported a YoY rise of 11.0% in its total payment volume in the fiscal second quarter. During the same period, the company’s YoY credit growth was 10.0% on a constant dollar basis.