Visa has reported a net income of $4.56bn for the fiscal second quarter 2025, a 2% fall compared with $4.66bn in the prior year period.  

However, net revenue for the quarter increased to roughly $9.6bn, up 9% from a year ago, benefitting from growth in payments volume, cross-border volume, as well as processed transactions. 

Payments volume for the three months ending 31 March 2025 increased by 8% over the previous year on a constant-dollar basis.  

The payment giant’s operating income for the quarter reached $5.43bn, up from $5.35bn in the previous year. 

Visa’s total processed transactions for the same period were 60.7 billion, a 9% rise from a year ago. 

Cross-border volume, excluding intra-Europe transactions, grew 13% on a constant-dollar basis for Q2 2025.  

International transaction revenue increased 10% to $3.3bn. 

During the quarter, Visa bought back approximately 13 million shares of class A common stock at $340.26 each, amounting to $4.5bn.  

As of 31 March 2025, the company had $4.7bn remaining in authorised funds for share repurchases. 

In April, Visa’s board of directors approved a new $30bn multi-year class A common stock share repurchase programme and announced a quarterly cash dividend of $0.590 per share. 

For the six months ended 31 March 2025, Visa reported a net income of approximately $9.7bn, up from $9.55bn in the same period of the previous year.  

Operating income for the period reached $11.67bn, up from $11.31bn in the prior year.  

The company’s net revenue stood at $19.1bn for the six months to March 2025, up from $17.41bn a year earlier. 

Visa CEO Ryan McInerney said: “Visa’s strong 9% fiscal second quarter net revenue growth was driven by healthy trends in payments volume, cross-border volume and processed transactions.  

“Consumer spending remained resilient, even with macroeconomic uncertainty. Our strategy across consumer payments, commercial and money movement solutions and value-added services, our diversified business model, and our focus on innovation position us well for the rest of the fiscal year and beyond.” 

Last month, Visa expanded its value-added services by launching three new offerings: a reimagined Authorize.net platform, Unified Checkout, and the ARIC Risk Hub.