Credit card company Visa, Inc. (NYSE: V) has reported an increase in second-quarter adjusted profit, reflecting a 9% growth in revenues.
Net income, on a reported basis, was $4.6 billion or $2.32 per share in the second quarter, compared to $4.7 billion or $2.29 per share in the same period of fiscal 2024. On an adjusted basis, earnings per share increased 10% annually to $2.76 per share in the March quarter.
The growth was driven by a 9% increase in second-quarter revenues to $9.6 billion. Revenue grew across all of the company’s four operating segments.
“Visa’s strong 9% fiscal second-quarter net revenue growth was driven by healthy trends in payments volume, cross-border volume, and processed transactions,” said Ryan McInerney, Chief Executive Officer, Visa.
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