Visa Inc., the world’s largest payments network, posted fiscal fourth-quarter profit that beat analysts’ estimates as consumer card spending increased. The company announced a new $5 billion share repurchase program.

Net income for the period ended Sept. 30 fell 10 percent to $1.07 billion, or $1.72 a share, from $1.19 billion, or $1.85, a year earlier, the Foster City, California-based company said Wednesday in a statement. Profit excluding one-time items was $2.18 a share, topping the $2.10 average estimate of 32 analysts surveyed by Bloomberg.

Chief Executive Officer Charlie Scharf, 49, has grappled with a strengthening U.S. dollar, geopolitical tensions and low currency volatility that has crimped business overseas. Still, Visa continues to benefit from a global shift from cash and checks to electronic payments, according to Jason Kupferberg, a Jefferies Group LLC analyst.

“Most of it is temporary,” Kupferberg said before the results were announced. “They continue to have that secular tailwind on their back.”

Visa shares jumped in aftermarket trading. At about 6 p.m. in New York, the shares were up 4 percent at $223.15, after falling 1 percent during the regular session to close at $214.66. The shares have slid 3.6 percent this year through Wednesday's close, compared with the 12 percent advance of the 66-company Standard & Poor’s 500 Information Technology Index.