Visa 2Q Revenue Up, CEO Says Consumer Remains Resilient

Dow Jones
04/30
 

By Kelly Cloonan

 

Visa posted higher revenue in the fiscal second quarter as consumer spending held up amid rising macroeconomic uncertainty.

The credit-card company on Tuesday posted a profit of $4.58 billion, or $2.32 a share, compared with $4.66 billion, or $2.29 a share, a year earlier.

Stripping out one-time items, earnings per share were $2.76, ahead of the $2.68 estimate of analysts polled by FactSet.

Revenue rose 9% to $9.59 billion. Analysts expected $9.55 billion.

Payments volume rose 8% in the quarter as cross-border volume and processed transactions rose 13% and 9%, respectively. Those healthy trends drove the company's overall revenue growth, Chief Executive Ryan McInerney said.

"Consumer spending remained resilient, even with macroeconomic uncertainty," McInerney said.

Visa maintained its outlook, which calls for low double-digit revenue growth for the fiscal year, compared to 10% growth in fiscal 2024.

The company also expects low double-digit growth revenue in the third quarter.

 

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

 

(END) Dow Jones Newswires

April 29, 2025 17:04 ET (21:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10