Visa 2Q Revenue Up, CEO Says Consumer Remains Resilient

By Kelly Cloonan

Visa posted higher revenue in the fiscal second quarter as consumer spending held up amid rising macroeconomic uncertainty.

The credit-card company on Tuesday posted a profit of $4.58 billion, or $2.32 a share, compared with $4.66 billion, or $2.29 a share, a year earlier.

Stripping out one-time items, earnings per share were $2.76, ahead of the $2.68 estimate of analysts polled by FactSet.

Revenue rose 9% to $9.59 billion. Analysts expected $9.55 billion.

Payments volume rose 8% in the quarter as cross-border volume and processed transactions rose 13% and 9%, respectively. Those healthy trends drove the company's overall revenue growth, Chief Executive Ryan McInerney said.

"Consumer spending remained resilient, even with macroeconomic uncertainty," McInerney said.

Visa maintained its outlook, which calls for low double-digit revenue growth for the fiscal year, compared to 10% growth in fiscal 2024.

The company also expects low double-digit growth revenue in the third quarter.

Write to Kelly Cloonan at kelly.cloonan@wsj.com