Visa (NYSE: V) reported Q2 EPS of $0.86, $0.07 better than the analyst estimate of $0.79. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.31 billion.

Visa's board authorized a new $5.0 billion class A common stock share repurchase program.

Other highlights:

• GAAP net income of $430 million or $0.18 per share including special items related to the legal entity reorganization of Visa Europe
• Adjusted net income of $2.1 billion or $0.86 per share excluding special items related to the legal entity reorganization of Visa Europe
• Net operating revenue of $4.5 billion, an increase of 23%, driven by inclusion of Europe and continued growth in payments volume, cross-border volume and processed transactions
• Payments volume growth, on a constant dollar basis, was 37% over the prior year at $1.7 trillion
• Cross-border volume growth, on a constant dollar basis, was 132% or 11% inclusive of Europe in prior year results
• Total Visa processed transactions were 26.3 billion, a 42% increase over the prior year, or 12% growth inclusive of Europe in prior year results
• Newly-formed Visa Foundation funded with contribution of $192 million
• Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends

"In the face of geo-political uncertainty, Visa continues to execute well against our operating plan and strategic priorities, delivering sustained growth across nearly every part of our business," said Alfred F. Kelly, Jr., Chief Executive Officer of Visa Inc. "Robust growth in payments volume, cross-border volume and processed transactions drove better than expected results. Looking ahead, we are continuing our efforts across the globe to electronify commerce and digitize economies to the benefit of consumers and societies alike."

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