Visa 2Q Revenue Climbs as Consumers Keep Spending; Board Authorizes $20 Billion Buyback

By Kelly Cloonan

Visa logged higher revenue in its latest quarter as it sees consumer spending continue to hold up.

The payments company on Tuesday posted a second-quarter profit of $6.02 billion, or $3.14 a share, compared with $4.58 billion, or $2.32 a share, a year earlier.

Adjusted earnings per share were $3.31, compared with estimates of $3.10 a share according to analysts polled by FactSet.

Revenue climbed 17% to $11.23 billion, compared with analyst estimates of $10.75 billion.

Chief Executive Ryan McInerney said consumer spending remained resilient. Visa saw particular strength in consumer payments, commercial and money movement solutions and value-added services in the quarter, he said.

Payments volume and processed transactions both rose 9% from the year-ago quarter, while cross-border volumes gained 12%.

Visa also bumped up its revenue and profit outlook for the full year.

The company now expects fiscal-year revenue to increase by a low-double-digit to low-teens rate, compared with its prior guidance for low-double-digit growth.

Visa now projects full-year earnings per share growth in the low teens, compared with a previous forecast of low-double-digits.

For the current fiscal third quarter, Visa forecast revenue to grow at a low-double-digit rate and projected earnings-per-share growth in the mid-to high-single-digits. Analysts expect revenue growth of 9.3% for the quarter.

The company also said its board had authorized a new $20 billion share buyback program.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 28, 2026 17:00 ET (21:00 GMT)