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Visa (V) reported fiscal second-quarter results that beat analysts’ expectations and announced a $30 billion stock buyback program.
The credit giant reported revenue of $9.59 billion, up 9% year-over-year and above the analyst consensus from Visible Alpha. Adjusted net income of $5.44 billion, or $2.76 per share, compared to $5.11 billion, or $2.51 per share, a year earlier, topping Wall Street’s estimates.
Visa’s payments volume increased by 8% and its processed transactions grew 9%. CEO Ryan McInerney said, “consumer spending remained resilient, even with macroeconomic uncertainty.”
The company also announced a new $30 billion share repurchase program.
Visa shares rose close to 2% in after-hours trading. The stock was up 8% for 2025 through Tuesday’s close.
Earlier this month, Visa reportedly offered Apple (AAPL) roughly $100 million in a bid to replace Mastercard (MA) as the provider of the tech titan’s payments network. Visa and American Express (AXP) have been vying to replace Mastercard as the payments network for Apple’s credit card currently issued by Goldman Sachs (GS), the report said.
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