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Visa has reported a net income of $4.56bn for the fiscal second quarter 2025, a 2% fall compared with $4.66bn in the prior year period.
However, net revenue for the quarter increased to roughly $9.6bn, up 9% from a year ago, benefitting from growth in payments volume, cross-border volume, as well as processed transactions.
Payments volume for the three months ending 31 March 2025 increased by 8% over the previous year on a constant-dollar basis.
The payment giant's operating income for the quarter reached $5.43bn, up from $5.35bn in the previous year.
Visa’s total processed transactions for the same period were 60.7 billion, a 9% rise from a year ago.
Cross-border volume, excluding intra-Europe transactions, grew 13% on a constant-dollar basis for Q2 2025.
International transaction revenue increased 10% to $3.3bn.
During the quarter, Visa bought back approximately 13 million shares of class A common stock at $340.26 each, amounting to $4.5bn.
As of 31 March 2025, the company had $4.7bn remaining in authorised funds for share repurchases.
In April, Visa's board of directors approved a new $30bn multi-year class A common stock share repurchase programme and announced a quarterly cash dividend of $0.590 per share.
For the six months ended 31 March 2025, Visa reported a net income of approximately $9.7bn, up from $9.55bn in the same period of the previous year.
Operating income for the period reached $11.67bn, up from $11.31bn in the prior year.
The company's net revenue stood at $19.1bn for the six months to March 2025, up from $17.41bn a year earlier.
Visa CEO Ryan McInerney said: "Visa’s strong 9% fiscal second quarter net revenue growth was driven by healthy trends in payments volume, cross-border volume and processed transactions.
“Consumer spending remained resilient, even with macroeconomic uncertainty. Our strategy across consumer payments, commercial and money movement solutions and value-added services, our diversified business model, and our focus on innovation position us well for the rest of the fiscal year and beyond."
Last month, Visa expanded its value-added services by launching three new offerings: a reimagined Authorize.net platform, Unified Checkout, and the ARIC Risk Hub.
"Visa profit drops 2% in Q2 2025, revenue up 9% " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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