Visa reported fiscal second quarter net revenue of $11.2 billion, a 17% year-over-year increase, with non-GAAP EPS of $3.31, up 20%. These results surpassed analyst expectations for both revenue and earnings. The company's performance was supported by steady growth across key business drivers.
Key Highlights
- Payments volume grew 9% year-over-year in constant dollars, while processed transactions also increased by 9% to 66.1 billion.
- Total cross-border volume rose 12% in constant dollars, underscoring the ongoing strength in international travel and e-commerce.
- The company announced a new $20.0 billion share repurchase program after returning $9.2 billion to shareholders in the quarter through buybacks and dividends.