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

By Kelly Cloonan

Visa logged higher revenue in its latest quarter as consumers continued to spend, even in the face of inflationary pressures.

The payments company on Tuesday posted fiscal second-quarter revenue growth of 17%, topping Wall Street's expectations. Chief Executive Ryan McInerney said consumer spending remained resilient in the quarter, and Visa saw particular strength in consumer payments, commercial and money movement solutions and value-added services.

In the U.S., payments volume rose 8% in the quarter with broad-based spending improvement in both credit and debit, which the company attributed in part to higher tax refunds.

"Both discretionary and non-discretionary spend remain strong. We do not see signs of the lower spend consumer weakening in our volumes," Chief Financial Officer Chris Suh said during a call with analysts.

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

The stock rose 4.8% to $324.20 in after-hours trading. Through market close, shares were down 12% year to date.

For the quarter, profit came in at $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 was $11.23 billion, compared with analyst estimates of $10.75 billion.

Visa also bumped up its revenue and profit outlook for the full year. Suh said the company expects broader consumer spending stability to continue, despite near-term uncertainty tied to the conflict in the Middle East.

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

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April 28, 2026 19:24 ET (23:24 GMT)