Visa posts $6.02 billion profit, 17% revenue growth and authorizes $20 billion buyback
Updated
Updated · The Wall Street Journal · Apr 28
Visa posts $6.02 billion profit, 17% revenue growth and authorizes $20 billion buyback
12 articles · Updated · The Wall Street Journal · Apr 28
Visa’s second-quarter profit rose to $6.02 billion with revenue reaching $11.23 billion, surpassing analyst estimates and prompting a new $20 billion share repurchase authorization.
Payments volume and processed transactions each increased 9%, while cross-border volumes gained 12%. Visa raised its full-year revenue and earnings outlook, citing resilient consumer spending and strong performance across business segments.
The company now expects fiscal-year revenue and earnings per share to grow in the low teens, up from previous guidance. Analysts anticipate third-quarter revenue growth of 9.3% as Visa continues to benefit from robust global payment activity.
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