Visa Stock Surges on Record Revenue and Profit

Visa's latest quarterly results have sent its stock soaring, with revenue climbing 14% to $11.6 billion and adjusted net income reaching a record-breaking $6.3 billion.

The global payments giant saw payment volume increase by 10%, while processed transactions rose 10% to 71.7 billion.

Visa's impressive performance has investors cheering, with the stock jumping approximately 1.5% on Tuesday morning.

The company's strong profitability is a major factor in its success, with adjusted net margins above 50% and an estimated intrinsic value of $421.16 per share.