Revenue from data processing rose 17 percent to $1.1 billion, while international transactions revenue grew 8 percent to $805 million. Service revenue jumped 13 percent to $1.3 billion.
In November, consumers increased their borrowing by $16 billion from September to a seasonally adjusted record of $2.77 trillion. Americans took on more debt to buy cars and to attend school but remained cautious in their credit card use. The Federal Reserve is scheduled to report figures for December on Thursday.
Some economists are concerned that consumer spending could slow this year as a result of higher Social Security taxes. Most paychecks have been reduced because Congress and the White House allowed a two-year reduction in Social Security payroll taxes to lapse at the end of December.
Visa noted that U.S. payment volume grew 5 percent through Jan. 28, compared with 3 percent in the October-December period.
Meanwhile, Visa said it is expanding a program to buy back its stock.
The company spent $1.3 billion to buy back 9 million shares in the quarter.
As of Dec. 31, its share buyback authorization stood at $1.1 billion, to which it added $1.75 billion for a total of just under $3 billion.
Shares fell $1.82 to $159 in after-hours trading. The stock ended regular trading up $1.29 at $160.82. Shares are up about 6 percent this year.
Last week, MasterCard reported that its net income and revenue rebounded strongly in the October-December quarter as its overseas business continued to expand. The company is expanding most quickly in Latin America and the region that includes Asia, the Middle East and Africa.
Outside the United States, the volume of cash moved in 2012 increased 23.5 percent on a U.S. dollar basis. That compares with growth of 9.7 percent inside the U.S., where MasterCard has been trying to gain a bigger share of the credit card market.
MasterCard shares ended regular trading up $2.86 at $523.55. Shares fell $1.16 to $522.39 in extended trading on Wednesday.