Visa reports earnings: EPS 2.51 vs 2.44 estimate. Company sees ‘stable consumer spending’

• EPS $2.51 vs $2.41 expected
• Revenues $8.80 billion vs $8.55 billion expected

Shares are up 3.4%. The jump in revenue is a good sign for overall consumer spending and the metrics point to a healthy global consumer.

Comments from Ryan McInerney, Chief Executive
Officer:

“Visa delivered strong results in the
second quarter, with net revenue up
10%, GAAP EPS up 12%, and non-
GAAP EPS up 20%. Overall payments
volume grew 8% [y/y] and cross-border
volume grew 16%, driven by stable
consumer spending. As we head into
the second half of the year and beyond,
we remain focused on the trillions of
dollars of opportunity in consumer
payments and new flows and on
continuing to deepen our partnerships
with clients around the world by adding
value across our network of networks.”

In the earnings presentation, there is some deceleration in Visa transactions into April:

Here is the forward-looking guidance. The revenue numbers certainly don’t point to any consumer weakening.

This article was written by Adam Button at www.forexlive.com.