News
Visa Reports Better-Than-Expected Earnings and Announces $30B Stock Buyback
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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