Visa (NYSE:V) shares rose more than 2% after-hours following the company’s reported Q2 results, with EPS of $2.09 coming in better than the consensus estimate of $1.99.
Revenue grew 11% year-over-year (13% on a constant-dollar basis) to $8 billion, beating the consensus of $7.8B, driven by growth in payments volume, cross-border volume, and processed transactions.
Total processed transactions grew 12% year-over-year to 50.1B. Payments volume increased 10% year-over-year on a constant-dollar basis.
Total cross-border volume increased 24% year-over-year, while cross-border volume excluding transactions within Europe, which is a measure of the company's revenue from international transactions, increased 32% on a constant-dollar basis.
“Visa's strong fiscal second quarter performance reflects continued focus on our growth levers – consumer payments, new flows and value added services,” said CEO Ryan McInerney.
Furthermore, the company declared a quarterly dividend of $0.45 per share, or $1.8 annualized, for an annual yield of 0.8%.