Visa’s revenue climbed an impressive 23% year over year last quarter, to $4.5 billion, thanks to its astute acquisition of Visa Europe last summer, and strong growth in payments volume (up 37% on a constant dollar basis), cross border volume (up 11% if you include Europe in your comparison to last year’s Q1 results) and processed transactions (up 12% including Europe). On the bottom line, adjusted earnings grew 27%, to $2.1 billion, or $0.86 per share. And looking forward to the full year of 2017, Visa told investors to expect top line growth to arrive at the high end of its previous guidance for 16% to 18%, which should translate to percentage growth in the mid teens for adjusted earnings per share..
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