Visa registers 9pc revenue growth in Q2 of FY 2025

Business Desk:

Visa Inc. (NYSE: V) has announced its fiscal second-quarter results that ended March 31, 2025.
The global leader in digital payments reported a solid financial performance driven by robust customer activity that significantly increased revenue, transaction volume, and cross-border activity. This strong economic performance further solidified Visa’s position in an ever-evolving digital economy.

Visa reported revenue of USD 9.6 billion in the last three months to March, a sharp 9 per cent rise from the same period of the previous year. Revenue rose 11 per cent on a constant-dollar basis after adjusting for currency fluctuations. Higher payment volume, strong cross-border transactions, and a continued global shift to digital payments mainly drove this growth. Resilient consumer spending helped Visa achieve a GAAP net quarterly income of USD 4.6 billion, or USD 2.32 per share. Excluding certain items, the non-GAAP net income was USD 5.4 billion, or USD 2.76 per share. Total payment volume jumped 8 per cent year-on-year, cross-border volume excluding intra-Europe was up 13 per cent, and processed transactions rose by 9 per cent.

Ryan McInerney, CEO of Visa, highlighted consistent consumer demand and credited a diverse business model that helped the company continue its growth amid macroeconomic uncertainty. He stated, “Healthy trends in payments volume, cross-border volume, and processed transactions drove Visa’s strong 9% fiscal second-quarter net revenue growth. Consumer spending remained resilient, even with macroeconomic uncertainty. Our strategy across consumer payments, commercial and money movement solutions, value-added services, diversified business model, and focus on innovation positions us well for the rest of the fiscal year and beyond.”