V is trading at $321.77 (+4%) in after-hours following its fiscal Q2 earnings beat that exceeded analyst expectations.
- Revenue reached $11.2 billion (up 17% YoY) and non-GAAP EPS hit $3.31 (up 20% YoY), both topping consensus estimates.
- Growth was driven by a 9% increase in payments volume and a 12% rise in cross-border volume.
- The stock is bucking the broader market trend, as S&P 500 and Nasdaq futures are currently down 0.50% and 1.00%, respectively.