NYSE$V
Visa · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Visa reported fiscal Q2 2025 net revenue of $9.59B with net income of $4.58B and class A diluted EPS of $2.32.
Net revenue was $9.59 billion for the quarter ended March 31, 2025, up on payments volume and cross-border growth. Net income was $4.58 billion; class A diluted EPS was $2.32. Client incentives and litigation provisions affected operating expense growth.
- Fiscal Q2 net revenue $9.59B; operating income $5.44B.
- Net income $4.58B; class A diluted EPS $2.32.
- Payments and cross-border volume trends drove growth.
- Incentives and litigation accruals pressure expense growth.
Headline financials
Revenue & EPS history
Visa · Revenue · Quarterly
$9.59B
Revenue by segment
Visa · $15.5B total across 5 segments · Q4 2023
- Data Processing Revenue$4.26B+13.0%27.5%
- Service Revenue$3.88B+12.1%25.0%
- Client Incentives$3.44B+20.2%22.2%
- International Transactions$3.17B+10.4%20.5%
- Other Revenue$744M+35.0%4.8%
Forward guidance
The quarterly filing discusses operating priorities, liquidity, and sector risks.
Tailwinds
- MD&A outlines strategic priorities and capital allocation.
- Segment commentary supports the earnings narrative.
Headwinds
- Macro, rates, or input costs may pressure margins.
- One-time items can affect year-over-year comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+0.5%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.0%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+10.7%
Q1 2022
Best reaction
-7.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +2.6% | +5.7% | +5.9% | |
| Q1 2026 | -1.2% | -0.6% | -3.5% | |
| Q4 2025 | -2.4% | -2.9% | -3.6% | |
| Q3 2025 | -0.1% | -2.6% | +0.1% | |
| Q2 2025 | +1.2% | +2.1% | +6.9% | |
| Q1 2025 | -0.4% | +1.9% | +5.7% | |
| Q4 2024 | +2.1% | +2.3% | +10.7% | |
| Q3 2024 | -5.1% | -3.1% | +0.1% | |
| Q2 2024 | +1.0% | +0.8% | +0.7% | |
| Q1 2024 | -1.4% | +2.0% | +4.4% | |
| Q4 2023 | +2.3% | -1.0% | +9.6% | |
| Q3 2023 | -1.5% | -2.1% | -0.5% | |
| Q2 2023 | -2.0% | -0.0% | -4.0% | |
| Q1 2023 | +2.9% | +2.4% | -2.4% | |
| Q4 2022 | +6.6% | +9.8% | +11.0% | |
| Q3 2022 | -1.8% | -1.0% | -2.1% | |
| Q2 2022 | +2.0% | +1.5% | -0.7% | |
| Q1 2022 | +10.7% | +12.9% | +6.5% | |
| Q4 2021 | -7.7% | -9.5% | -13.1% | |
| Q3 2021 | -1.3% | -1.5% | -7.9% | |
| Q2 2021 | +1.4% | +1.4% | -1.5% | |
| Q1 2021 | -0.9% | +3.9% | +8.9% | |
| Q4 2020 | -2.7% | -2.8% | +11.0% | |
| Q3 2020 | +0.8% | -3.3% | +7.2% | |
| Q2 2020 | -3.4% | -1.8% | +7.4% | |
| Q1 2020 | -2.9% | -0.6% | -11.3% | |
| Q4 2019 | +3.8% | +3.7% | +4.8% | |
| Q3 2019 | +1.5% | +1.7% | -0.3% | |
| Q2 2019 | -0.4% | +1.5% | +0.6% | |
| Q1 2019 | +0.0% | +4.8% | +10.7% | |
| Q4 2018 | +1.0% | -3.4% | -4.5% | |
| Q3 2018 | +1.8% | -2.5% | +3.0% | |
| Q2 2018 | +4.8% | +4.6% | +8.3% | |
| Q1 2018 | -2.7% | -3.4% | -2.8% | |
| Q4 2017 | +1.3% | +1.5% | +3.3% | |
| Q3 2017 | +1.4% | +1.8% | +4.3% | |
| Q2 2017 | +1.6% | +2.6% | +3.0% | |
| Q1 2017 | +4.4% | +4.1% | +7.7% | |
| Q4 2016 | -0.4% | -0.2% | -3.4% | |
| Q3 2016 | +0.7% | -1.1% | +1.4% | |
| Q2 2016 | -2.5% | — | — | |
| Q1 2016 | +5.0% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | +3.9% | — | — | |
| Q2 2015 | -2.3% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +9.2% | — | — | |
| Q3 2014 | -2.9% | — | — | |
| Q2 2014 | -4.8% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | -3.7% | — | — | |
| Q3 2013 | +3.2% | — | — | |
| Q2 2013 | +4.1% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | +3.2% | — | — | |
| Q2 2012 | -5.4% | — | — | |
| Q1 2012 | +5.1% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q2 2010 | -2.1% | — | — |
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