Q2 25 EPS
$2.76
BEAT +3.00%
Est. $2.68
Q2 25 Revenue
$9.59B
BEAT +0.47%
Est. $9.55B
vs S&P Since Q2 25
-33.7%
TRAILING MARKET
V -3.8% vs S&P +30.0%
Market Reaction
Did V Beat Earnings? Q2 2025 Results
Visa kicked off its fiscal second half on a strong note, posting better-than-expected results for the March quarter as non-GAAP diluted EPS of $2.76 came in 3.00% above the $2.68 consensus estimate while net revenue climbed 9.3% year-over-year to $9.… Read more Visa kicked off its fiscal second half on a strong note, posting better-than-expected results for the March quarter as non-GAAP diluted EPS of $2.76 came in 3.00% above the $2.68 consensus estimate while net revenue climbed 9.3% year-over-year to $9.59 billion, edging past the $9.55 billion Wall Street expected. The performance was anchored by broad-based volume strength: payments volume grew 8% on a constant-dollar basis, cross-border volume excluding intra-Europe transactions expanded 13%, and total processed transactions rose 9% to 60.7 billion, reflecting durable consumer spending even against a backdrop of macroeconomic uncertainty. GAAP EPS of $2.32 told a messier story, rising just 1% after a $992 million litigation provision related to the interchange MDL case weighed heavily on reported results. Alongside the earnings, Visa's board authorized a new $30 billion multi-year share repurchase program, underscoring management's confidence in the durability of the company's cash generation.
Key Takeaways
- • Payments volume grew 8% on a constant-dollar basis for the three months ended March 31, 2025
- • Cross-border volume excluding intra-Europe increased 13% on a constant-dollar basis
- • Total cross-border volume increased 13% on a constant-dollar basis
- • Processed transactions grew 9% to 60.7 billion
- • Consumer spending remained resilient despite macroeconomic uncertainty
V YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
V Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Ryan McInerney, Q2 2025 Earnings Press Release
V Earnings Trends
V vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
V EPS Trend
Earnings per share: estimate vs actual
V Revenue Trend
Quarterly revenue: estimate vs actual
V Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $3.14 | $3.17 | +0.88% | $10.90B | +1.98% |
| Q4 25 BEAT FY | $2.97 | $2.98 | +0.34% | $10.72B | — |
| FY Full Year | $11.44 | $11.47 | +0.24% | $40.00B | +0.27% |
| Q3 25 BEAT | $2.85 | $2.98 | +4.68% | $10.17B | +3.30% |
| Q2 25 BEAT | $2.68 | $2.76 | +3.00% | $9.59B | +0.47% |