Visa : Q2 2025 Visa Earnings Conference Call Presentation

Published: 2025-04-29 20:26:10 ET V

April 29, 2025

©2025 Visa. All rights reserved.

YoY increase / (decrease) except for Effective Income Tax Rate

Net Revenue

Operating Expenses

Effective Income Tax Rate

Diluted Class A Common Stock Earnings Per Share

GAAP Nominal-Dollar Basis

9%

22%

15.8%

1%

Non-GAAP Nominal-Dollar Basis(1)

9%

7%

16.9%

10%

Foreign Currency Impact(2)

~2.0%

~3.0%

N/A

~1.5%

Acquisition Impact(2)

(~0.5%)

(~2.0%)

(0.1%)

~0.5%

Adjusted Constant-Dollar Basis(1)

11%

8%

16.8%

12%

(1)Refer to Non-GAAP Financial Measures within the appendix for further information on our non-GAAP adjustments. There were no non-GAAP adjustments made to net revenue.

(2)Foreign currency and acquisition impacts, if applicable, are rounded to the nearest half point, except for effective income tax rate.

Growth in payments volume, cross-border volume and processed transactions was strong

Share repurchases and dividends of $5.6B

The board of directors authorized a new $30.0B multi-year share repurchase program

In billions, except percentages and per share data. % change is calculated over the comparable prior-year period.

Q2 2025

USD

% Change

Net Revenue

$9.6

9%

GAAP Net Income

$4.6

(2%)

GAAP Earnings Per Share

$2.32

1%

Non-GAAP Net Income(1)

$5.4

6%

Non-GAAP Earnings Per Share(1)

$2.76

10%

(1)Refer to Non-GAAP Financial Measures within the appendix for further information.

Key Business Drivers

YoY increase / (decrease), volume in constant dollars

Q2 2025

Payments Volume

8%

Cross-Border Volume Excluding Intra-Europe(2)

13%

Cross-Border Volume Total

13%

Processed Transactions

9%

(2)Cross-border volume excluding transactions within Europe.

Credit

Debit

12%

10%

8%

6%

4%

2%

0%

16%

14%

12%

10%

8%

6%

4%

Jan Feb* Mar

Apr 1 - 21

Jan

Feb*

Mar

Apr 1 - 21

2025 U.S. Payments Volume Growth

Total

2025 Processed Transactions Growth

2025 Cross-Border Volume Growth

*February growth includes the impact of Leap Day in prior year. Notes:

20%

18%

16%

14%

12%

10%

8%

Total Total (ex. Intra-EU)

CP + CNP Travel (ex. Intra-EU) CNP, Ex. Travel (ex. Intra-EU)

Jan Feb* Mar Apr 1 - 21

All figures shown on a constant-dollar basis and growth rates are calculated over the comparable prior year period. Refer to Operational Performance Data Footnote for further information on these metrics.

CP denotes Card Present and CNP denotes Card Not Present.

Q1 FY2025

Q2 FY2025

Nominal

Credit Debit

Total

Constant

Credit Debit

Total

Note: The chart results are calculated over the comparable prior-year period. Refer to Operational Performance Data Footnote for further information on these metrics.

Disclaimer

Visa Inc. published this content on April 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2025 at 00:26 UTC.