Visa(US:V)2025-04-30 00:11Financial Performance - Visa's Q2 2025 net revenue reached $9.6 billion, a 9% increase year-over-year[4] - GAAP net income was $4.6 billion, a 2% decrease year-over-year, while GAAP earnings per share increased by 1% to $2.32[4] - Non-GAAP net income was $5.4 billion, a 6% increase year-over-year, with non-GAAP earnings per share up 10% to $2.76[4] Key Business Drivers - Payments volume increased by 8% year-over-year on a constant-dollar basis[5] - Cross-border volume, excluding intra-Europe transactions, grew by 13% year-over-year[5] - Total cross-border volume also increased by 13% year-over-year[5] - Processed transactions increased by 9% year-over-year[5] Capital Allocation - Visa executed share repurchases and dividends totaling $5.6 billion[6] - The board of directors authorized a new $30.0 billion multi-year share repurchase program[6] Outlook - The company anticipates low double-digit growth in net revenue on an adjusted constant-dollar basis for both Q3 2025 and the full year 2025[39] - Visa expects high single-digit to low double-digit growth in operating expenses on an adjusted constant-dollar basis for the full year 2025[39] - Diluted Class A common stock earnings per share growth is projected to be in the high-teens for Q3 2025 and low-teens for the full year 2025 on an adjusted constant-dollar basis[39]