Investing.com -- Visa Inc. (NYSE: V) reported second-quarter results that exceeded analyst expectations, with both earnings and revenue surpassing Wall Street forecasts as the payments giant continued to benefit from strong transaction volumes. Shares rose 3.8% after hours Tuesday following the announcement.

The company posted adjusted earnings per share of $3.31 for the fiscal second quarter, beating the analyst consensus of $3.10 by $0.21. Revenue reached $11.2 billion, topping estimates of $10.75 billion.

The payment network’s revenue climbed 17% YoY, marking its highest growth rate since 2022. Consumer spending remained resilient during the quarter, with payments volume rising 9% on a constant-dollar basis for the three months ended March 31, 2026. Cross-border volume excluding intra-Europe transactions increased 11%, while total cross-border volume grew 12%. Processed transactions reached 66.1 billion, up 9% from the prior year.

"Visa’s second quarter net revenue growth of 17% was the highest since 2022, driving GAAP EPS up 36% and adjusted EPS up 20%," said Ryan McInerney, Chief Executive Officer. "Consumer spending remained resilient, and our strategy and innovations fueled strong performance in consumer payments, commercial and money movement solutions and value-added services."

GAAP net income reached $6.0 billion or $3.14 per share, up 36% from the prior year. The quarter included a $311 million litigation provision related to the interchange multidistrict litigation case and other legal matters.

Service revenue increased 13% to $5.0 billion, while data processing revenue rose 18% to $5.5 billion. International transaction revenue grew 10% to $3.6 billion. Client incentives totaled $4.2 billion, up 14% YoY.

During the quarter, Visa repurchased approximately 25 million shares for $7.9 billion. The board authorized a new $20.0 billion multi-year share repurchase program and declared a quarterly dividend of $0.670 per share.