Visa Beats Q2 Forecasts, Expands Buyback, Eyes Apple

Visa reported strong fiscal second-quarter 2025 results, with revenue rising 9% year-over-year to $9.6 billion and adjusted earnings of $2.76 per share, exceeding analyst expectations. Payments volume increased 8%, reflecting resilient consumer spending despite macroeconomic uncertainty and tariff-related inflation. Visa announced a $30 billion share repurchase program and has already repurchased 13 million shares, reducing its outstanding share count. The company's stock has outperformed the broader market and financial sector benchmarks this year, and it has surpassed consensus earnings estimates for the past four quarters. Management emphasized ongoing investments in technology and strategic partnerships, including a bid to replace Mastercard as the payment network for Apple's credit card. Despite a slight dip in net income due to a $1 billion litigation provision, analysts remain optimistic about Visa's outlook given its performance and initiatives.