🔹 Revenue: $9.59B (Est. $9.55B) 🟢; UP +9% YoY
🔹 Adjusted EPS: $2.76 (Est. $2.68) 🟢; UP +10% YoY
🔹 New $30B Share Buyback
Business Performance
🔹 Payments Volume: UP +8% YoY (Constant Dollar)
🔹 Cross-Border Volume (ex-Europe): UP +13% YoY (Constant Dollar)
🔹 Total Cross-Border Volume: UP +13% YoY (Constant Dollar)
🔹 Total Processed Transactions: 60.7B (Est. 61.28B); UP +9% YoY
Operational & Financial Metrics
🔹 Service Revenue: $4.4B; UP +9% YoY
🔹 Data Processing Revenue: $4.7B; UP +10% YoY
🔹 International Transaction Revenue: $3.3B; UP +10% YoY
🔹 Other Revenue: $937M; UP +24% YoY
🔹 Client Incentives: $3.73B; UP +15% YoY
🔹 Free Cash Flow (6M Ended March 31): $10.1B
Capital Allocation
🔹 Share Repurchases: ~$4.5B in Q2 at avg. price ~$340.26
🔹 New $30B Share Buyback Program Announced 🟢
🔹 Dividend Declared: $0.59/share (Payable June 2, 2025)
CEO Ryan McInerney Commentary:
🔸 "Visa’s strong 9% fiscal second quarter net revenue growth was driven by healthy trends in payments volume, cross-border volume, and processed transactions."
🔸 "Consumer spending remained resilient despite macroeconomic uncertainty. Our diversified business model and focus on innovation position us well for the rest of the year and beyond."
