Visa stock eased early Wednesday after the Dow Jones payments giant topped Q2 expectations late Tuesday.
FactSet analysts expected earnings of $2.68 per share on $9.55 billion in revenue.
CEO Ryan McInerney in the earnings news release noted that, "consumer spending remained resilient, even with macroeconomic uncertainty." He added that Visa is positioned "well for the rest of the fiscal year and beyond."
Payments volume rose 8% for the quarter, just outpacing FactSet forecasts for 7.7% growth.
Cross-border volume rose 13%. Processed transactions increased 9%.
The Dow Jones giant in April also authorized a $30 billion stock repurchase program.
For Q3, Visa projects low double-digit revenue growth, with earnings growth in the high teens. The company also expects low double-digit revenue growth for the year, while earnings increase in the low teens.
Visa Stock
Visa stock eased less than 1% early Wednesday. Shares rose about 1.8% during regular trade on Tuesday.
Visa stock is in a nine-week consolidation with a 366.54 buy point, based on its record high from March 3.
V shares are up about 8% in 2025 through Tuesday's close.
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