Visa(US:V) 智通财经网·2025-04-29 23:37Core Viewpoint - Visa's Q2 performance exceeded analyst expectations despite macroeconomic uncertainties, showcasing strong resilience in payment network transaction volumes [1] Financial Performance - Net profit increased by 6% year-over-year to $5.44 billion, with adjusted earnings per share reaching $2.76, surpassing market expectations of $2.68 [1] - Revenue grew by 9% to $9.6 billion, with payment volume increasing by 8% year-over-year in fixed dollars [1] - Cross-border transaction volume rose by 13%, and total processed transaction volume grew by 9% [1] Management Commentary - CEO Ryan McInerney emphasized the company's diverse business model's ability to maintain resilience across various environments, as evidenced by the latest quarterly performance [1] Market Context - Visa's performance aligns with assessments from multiple financial institutions regarding the current strength of U.S. consumer demand, although challenges from tariff wars initiated by Trump are beginning to surface [1] - American Express also reported better-than-expected results earlier this month, while Mastercard is set to release its quarterly earnings soon [1] Stock Buyback and Market Performance - Visa's board approved a new $30 billion multi-year stock repurchase plan, leading to a more than 2% increase in stock price after earnings release [2] - Year-to-date, Visa's stock has risen over 8%, outperforming Mastercard's 2.5% increase and American Express's 10% decline [2] Strategic Initiatives - Visa is actively expanding its share of overall transaction volume as payment methods evolve, with stablecoin transaction volume growing by 40% over the past two years [2] - The company anticipates that value-added services, including anti-fraud technologies, will contribute over half of total revenue in the coming years [2] Guidance - Visa maintained its fiscal year performance guidance, expecting low double-digit percentage growth in earnings per share and net revenue growth to remain in the low double-digit range [2]