visa inc topped 7 billion in quarterly revenue for the first time buoyed by a quickerthanexpected resumption in travel spending and sustained growth in categories like ecommerce that had been strong throughout the pandemic the company generated fiscal firstquarter net income of 40 billion or 183 a share up from 31 billion or 142 a share a year earlier on an adjusted basis visa v earned 181 a share analysts tracked by factset were expecting 170 in both gaap and adjusted earnings per share visa’s revenue rose to 706 billion from 569 billion while the factset consensus was for 679 billion analysts surveyed by factset weren’t expecting visa to cross the 7 billion revenue mark until the june quarter payments volume rose 20 while processed transactions increased 21 the company saw a 51 increase in crossborder volume when excluding intraeurope transactions and a 40 bump in overall crossborder volume shares were up 34 in afterhours trading thursday chief executive al kelly saw several drivers of visa’s results including continued growth in ecommerce and a fasterthanexpected return of crossborder travel spending “as we look ahead we do not believe the current surge in the pandemic will curtail the recovery” he said in visa’s earnings release “we see economies around the world continuing to improve and as restrictions are lifted crossborder travel will continue to recover” read fintech’s ugly month of losses may offer a ‘fantastic opportunity’ to bargain hunt say analysts visa is the third big payments company to report results this week after earnings from american express co axp and mastercard inc ma were met with positive stock reactions shares of visa have lost 45 over the past three months as the dow jones industrial average djia has declined 38