Visa Inc.  (V) on Thursday is expected to report 👍a 13% quarterly earnings increase, fueled by broad-based growth in transactions, payment volume, and data processing revenue.

The 澳洲幸运5官方开奖结果体彩网:credit card and payments giant likely will report fiscal first-quarter profit of $4.7 billion, or $2.31 per share, according to the consensus estimate of analysts surveyed by Visible Alpha, up from $4.2 billion, or $1.99 per share, in the same period a year ago. The firm's 澳洲幸运5官方开奖结果体彩网:operating revenue is projected to rise 8% to $8.5 billion.

Key Metrics

The quarter's results are estimated to reflect expected gains of 12%, 11%, and 9%, respectively, in the company's dat𒁃a ▨processing, service and international transaction revenue, according to Visible Alpha's estimates.

The revenue increases stem from anticipated growth of 10% in payment volume to $3.3 trillion, as the company processed an estimated 57.6 billion transactions, up 5.1 billion from the same period a year ago.

Business Spotlight

Visa has been riding high on the past year's surprisingly resilient consumer spending and the holiday season proved to be no different.

Last week, the Census Bureau reported that December's 澳洲幸运5官方开奖结果体彩网:retail sales were up 0.6% from November and 5.6% higher than the prior year. Credit card debt also 澳洲幸运5官方开奖结果体彩网:continues to tick up for Americans, however, that growth has slowed.

Shares of Visa have gained about 20% in the past year and 13% in the past three months.