Visa Earnings: Business as Usual
Here's our initial take on 's (NYSE: V) fiscal 2025 second-quarter financial report.
Economic uncertainty has ramped up since Visa last reported its results in January, but it was largely business as usual for the credit card giant in its fiscal second quarter. Revenue and processed transactions jumped 9% year over year, while total payments volume jumped 5%. Adjusted for currency, payments volume was up 8%. "Consumer spending remained resilient, even with macroeconomic uncertainty," noted Visa CEO Ryan McInerney.
While GAAP net income dipped slightly due to some nonrecurring litigation expenses, adjusted net income rose by 6%. Share buybacks over the past year have driven down the share count, which pushed adjusted earnings per share up by 10%. Visa has $4.7 billion remaining under its previous share-repurchase authorization. In April, the company allocated an additional $30 billion for share buybacks which will be used over the course of multiple years.
Source Fool.com
Visa Inc. A Stock
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