From Yahoo Finance: 2025-04-29 16:11:00

Visa exceeded Wall Street’s expectations for quarterly profit, with a 9% revenue increase to $9.6 billion. U.S. consumer spending remained strong, but concerns about tariffs and growth impacted consumer sentiment. CEO Ryan Mclnerney highlighted Visa’s diverse business model’s resilience. Visa’s shares rose 1% after the bell, outperforming Mastercard and American Express. Visa also raised its annual revenue growth forecast and announced a $30 billion share repurchase plan. Adjusted profit was $2.76 per share, beating analysts’ expectations of $2.68 per share.

Read more: Visa beats profit estimates on strong card spending volumes, plans $30 billion buyback