Visa Beats Estimates and Authorizes $20 Billion Buyback
Visa reported fiscal second-quarter results that topped estimates, with adjusted earnings per share of $3.31 on net revenue of $11.23 billion, compared with analyst expectations of $3.10 and $10.74 billion. GAAP net income was $6.0 billion, or $3.14 a share, while non-GAAP net income was $6.3 billion, or $3.31 a share. The company also authorized a new $20 billion multi-year share repurchase program.
Payments volume rose 9% from a year earlier, cross-border volume increased 12% and processed transactions climbed 9% to 66.1 billion. Visa said consumer spending remained resilient and forecast fiscal-year adjusted constant-dollar net revenue growth in the low-double-digit to low-teens range, with adjusted EPS growth in the low teens. Shares rose about 5% in after-hours trading.
From the sources (8 posts)
@financialjuice$V Visa Q2 Earnings Adjusted EPS $3.31, est. $3.10 Net Revenue $11.23B, est. $10.74B Total Processed Transactions $66.1B, est. $66.39B
@stockmktnewzVisa $V just announced a new $20 Billion multi year share buyback plan
@alphasenseinc$V Earnings: - GAAP net income of $6.0B or $3.14 per share and non-GAAP net income of $6.3B or $3.31 per share - Net revenue of $11.2B, an increase of 17%, or 16% on a constant-dollar basis - Growth in payments volume, cross-border volum
@businessVisa earnings topped estimates as consumers used the company’s branded cards for transactions across the world
@wallstengineVISA $V Q2'26 EARNINGS HIGHLIGHTS 🔹 Net Revenue: $11.23B (Est. $10.74B) 🟢; +17% y/y 🔹 Adj. EPS: $3.31 (Est. $3.10) 🟢; +20% y/y 🔹 Payments Volume: +9% y/y 🔹 Cross-Border Volume: +12% y/y 🔹 Processed Transactions: 66.1B (Est. 66.39B) 🟡; +9%
@stockmktnewzVisa $V stock is up almost 5% in after hours following its earnings 🟢🟢🟢🟢🟢
@thetranscript_Visa shows that consumer spending is holding steady CEO: "Consumer spending remained resilient." $V
@firstadopterVisa consumer spending "remains strong" "lower-spend consumer" not weakening. USA! USA! $V stock up 5.7%