Visa shares advanced 8.1% following fiscal Q2 earnings, as net revenue and EPS beat expectations and management highlighted accelerating growth across core and emerging businesses. Investors responded favorably to double-digit top-line and commercial momentum, as well as expanding opportunities in AI, agentic commerce, and value-added services.
- Net revenue rose 17% year-over-year to $11.2 billion, marking the fastest quarterly growth since 2022, and the strongest ex-recovery/acquisitions since 2013.
- EPS increased 20% year-over-year, exceeding the pace of revenue growth.
- Payments volume and processed transactions each grew 9% in constant dollars, while Visa Direct transactions surged 23% to 3.7 billion in the quarter.
- Commercial and money movement revenue climbed 24% in constant dollars, with record-high commercial cross-border volume as a share of total cross-border.
- Value-added services reached 30% of net revenue, growing over 25% in constant dollars, bolstered by AI-driven initiatives and expanding partnerships.
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