Visa shows good growth

Visa's recently-published quarterly results which were very good, as usual. They routinely deliver double-digit growth in all company financial metrics (payment volumes, net revenue, profits, etc).

Visa is the world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and governments in over 200 countries. Their nearest competitor is Mastercard, which is significantly smaller, but also a good business.

There was lots of spending over the festive season, all around the world. Visa's net revenue was $9.5 billion, an increase of 10%. The highest-margin activity, cross-border money switches, rose by 16% on a constant dollar basis.

What else was news in the quarter? Visa bought Featurespace, a developer of real-time AI payments protection technology that prevents payments fraud. They bought back $3.9 billion worth of shares. Finally, they dished out a quarterly cash dividend of $0.59 payable in early March.

Almost all Vestact clients own Visa shares and with good reason. They are one of the finest companies on the planet, and they never stop growing. They've had a good run recently and are trading at an all-time high.