Visa's Stock Price Jumps as Spending Defies Walmart Warning

Visa's stock price surged approximately 1.6% to $371.51 on Friday, leaving it just under 1% below its 52-week high.

The company's fiscal third-quarter revenue climbed 14% to $11.6 billion, while adjusted net income hit $6.3 billion.

Payments volume rose 10%, and processed transactions jumped 10% to 71.7 billion.

Visa's growth engine appears to be firing on all cylinders, despite concerns about slowing volumes, tighter regulation, or new payment rails.