(Updates with details of repurchase program in the sixth paragraph.)

Visa (V) reported fiscal Q2 non-GAAP net income late Tuesday of $2.76 per diluted share, up from $2.51 a year earlier.

Analysts polled by FactSet expected $2.68.

Revenue for the quarter ended March 31 was $9.59 billion, up from $8.78 billion a year earlier.

Analysts polled by FactSet expected $9.55 billion.

The credit card and payments company also maintained its quarterly dividend of $0.59 per class A share, payable June 2 to shareholders of record on May 13.

The company's board authorized a new $30 billion repurchase of Class A common shares in April.

Shares of Visa were up 1.8% in recent after-hours activity.