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Visa earnings rise on cross-border revival despite Russia impact

April 27, 2022

Visa and other card companies’ businesses have been recovering from the damper that the COVID-19 pandemic put on international corporate and consumer travel and spending. That was evident from results for Visa’s fiscal second quarter in which that cross-border activity helped boost the company’s revenue by 25% over the year-earlier quarter to $7.2 billion and deliver a 21% net income increase to $3.6 billion, the company said.

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