Visa Inc. (NYSE:V) reported second-quarter results that came in ahead of analyst forecasts, with both earnings and revenue surpassing expectations as strong transaction volumes continued to support performance.
Shares rose more than 5% in premarket trading on Wednesday following the release.
The company posted adjusted earnings per share of $3.31 for the fiscal second quarter, exceeding the consensus estimate of $3.10 by $0.21. Revenue totaled $11.2 billion, also above expectations of $10.75 billion.
Visa’s revenue increased 17% year over year, marking its fastest growth since 2022. Consumer spending remained resilient during the quarter, with payments volume rising 9% on a constant-currency basis for the three months ended March 31, 2026. Cross-border volume excluding intra-Europe transactions grew 11%, while total cross-border volume increased 12%. Processed transactions reached 66.1 billion, up 9% from the prior year.
“Visa’s second quarter net revenue growth of 17% was the highest since 2022, driving GAAP EPS up 36% and adjusted EPS up 20%,” said Ryan McInerney. “Consumer spending remained resilient, and our strategy and innovations fueled strong performance in consumer payments, commercial and money movement solutions and value-added services.”
GAAP net income came in at $6.0 billion, or $3.14 per share, representing a 36% increase from the previous year. The quarter included a $311 million litigation provision related to the interchange multidistrict litigation case and other legal matters.
Service revenue rose 13% to $5.0 billion, while data processing revenue increased 18% to $5.5 billion. International transaction revenue climbed 10% to $3.6 billion. Client incentives totaled $4.2 billion, up 14% year over year.
“We remain constructive out of the print on conviction in sustainable growth and see modest room for upside to our/Street estimates from here,” said Darrin Peller in a note.
“Spend trends remain healthy outside of a travel-specific dip from the Iran war,” they added.
During the quarter, Visa repurchased around 25 million shares for $7.9 billion. The board also approved a new $20.0 billion multi-year share buyback program and declared a quarterly dividend of $0.670 per share.