Tuesday, April 23, after the market close Visa (V) reported adjusted net income of $2.51 a share. That ws 7 cent a share more than the consensus of estimates from Wall Street analysts. Earnings rose 7% year-over-year in the quarter. Revenue climbed 10% from a year prior to $8.8 billion, also exceeding Wall Street estimates

In the United States, credit-card spending grew 6.2% from a year earlier. Worldwide payments volume climbed 8% and total processed transactions rose 11%.

Visa forecast net revenue growth for the current quarter in the low double-digit range. Its full-year forecast remained unchanged.

Wednesday, April 24, as of 11 a.m. New York time, shares of Visa were up 1.30% to $277.67.

The one area of concern: an increase in operating expenses. Operating expenses increased 29% to $3.4 billion, more than the $2.89 billion average estimate of analysts.

Visa has been a member off my 12-18 month Jubak Picks Portfolio since November 5, 2014 (gain of 339.64%) and of my long-term 50 Stocks Portfolio since April 28, 2022 (gain of 25.48%.) I added the stock to my Dividend Portfolio on April 1, 2024. The stock was also a pick in my Special Report: It’s a New World for Dividend Investors.