Visa Inc, (NYSE: V) reported its most recent quarterly results after markets closed Thursday. The credit card giant said that it had $0.86 in earnings per share (EPS) and $4.6 billion in revenue, versus consensus estimates from Thomson Reuters that called for $0.81 in EPS and $4.36 billion in revenue. The fiscal third-quarter from last year had $0.69 in EPS and $3.63 billion in revenue.

During this quarter, Payments volume growth, on a constant dollar basis, was up 38% over the prior year at $1.9 trillion.

The company processed a total of 28.5 billion transactions during the quarter, a 44% increase. Total processed transactions growth was 13%, inclusive of Europe which was included in prior year results.

Fiscal third quarter service revenues were $1.9 billion, an increase of 19% over the prior year. Data processing revenues rose 29% over the prior year to $2.0 billion. International transaction revenues grew 45% to $1.6 billion. Other revenues were $209 million, flat from last year.

On the books, cash, cash equivalents, and available-for-sale investment securities totaled $12.2 billion at the end of the quarter.

Alfred F. Kelly, Jr., CEO of Visa, commented:

I’m pleased to report Visa’s fiscal third quarter results which reflect strong growth in payments volume, cross-border volume, and processed transactions, which were powered by economic tailwinds in the U.S. and globally. Our results and growth are a reflection of our strategy to pursue the conversion of cash and checks to electronic payments in partnership with our clients around the world.

Shares of Visa closed Thursday at $98.47, with a consensus analyst price target of $104.89 and a 52-week range of $75.17 to $99.14. Following the release, the stock was up 1.2% at $99.66 in the after-hours trading session.

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