Visa (NYSE:V) shines in Q2, revenue climbs 10%

Visa (NYSE:V) has released its financial results for the fiscal second quarter ending March 31, 2024, demonstrating a strong financial performance.

The company announced a GAAP net income of $4.7 billion, equating to earnings of $2.29 per share, and a non-GAAP net income of $5.1 billion, or $2.51 per share.

Revenues for the quarter reached $8.8 billion, a 10% increase from the previous year on both nominal and constant-dollar bases.

This growth was fueled by steady increases in payment volume, processed transactions, and cross-border volume.