Visa (NYSE: V) reported Q2 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.34 billion.

Visa Inc. reaffirms its financial outlook for the following metrics for fiscal full-year 2015:

• Annual net revenue growth: Constant dollar revenue growth of low double digits, with an expectation of two percentage points of negative foreign currency impact;
• Client incentives as a percent of gross revenues: 17.5% to 18.5% range;
• Annual operating margin: Mid 60s;
• Tax rate: Low 30s; and
• Annual free cash flow greater than $6 billion.

“Visa reported another solid quarter of financial results against the continued backdrop of a tepid global economy. While the negative impacts from the strengthening of the U.S. dollar and lower gasoline prices continued to exert pressure on revenue growth, our results and volume trends have remained strong,” said Charlie Scharf, Chief Executive Officer of Visa Inc. “It continues to be a very exciting time in payments and at Visa. There are trillions of dollars of cash to disintermediate and our work in digital payments will allow us to capture more than we could have contemplated a few years ago. We are very pleased to have been selected by Costco as the credit card network for its U.S. warehouse clubs and gasoline locations commencing next year and to bring this unique and very strategic opportunity to our issuers and their cardholders."

For earnings history and earnings-related data on Visa (V) click here.