Visa (V) shares gained more than 2% afterhours on Tuesday as the charge card champion printed moderately better results for its fiscal second quarter than analysts expected.
Visa reported adjusted EPS of $2.76, about 8 cents ahead of the Wall Street consensus. Revenue of $9.6 billion came in just $50 million above consensus but grew more than 9% from a year ago.
Growing payments volume, cross-border volume and processed transactions led the company to its substantial revenue gains. Visa’s total processed transactions for the three months ended March 31, 2025 rose by 9% from a year earlier to 60.7 billion transactions.
Most importantly, and what the investors are here for, Visa’s board of directors approved a new $30 billion buyback policy that will repurchase about 4.5% of existing shares at the current share price over a multi-year period.
Visa 4-hour stock chart
Source: https://www.fxstreet.com/news/visa-stock-advances-after-minimal-q2-beat-gets-coupled-with-30b-buyback-202504292052