Q2 2025 Visa Inc Earnings Call Transcript
Key Points
- Visa Inc (V) reported strong financial performance with $9.6 billion in net revenue, up 9% year over year, and EPS growth of 10%.
- Cross-border volume, excluding intra-Europe, rose 13% in constant dollars, showcasing robust international growth.
- The company added 1 billion tokens since last quarter, reaching a total of 13.7 billion, with nearly 50% of global e-commerce transactions now tokenized.
- Visa Inc (V) continues to expand its acceptance network, adding over 1 million merchant locations in key markets like India, Mexico, and Brazil.
- Value-added services revenue grew 22% in constant dollars, driven by strong growth across all portfolios, including issuing solutions and advisory services.
- There is uncertainty in consumer spending, with some deceleration in travel-related categories such as airlines and lodging.
- Currency weaknesses in certain regions have impacted cross-border volume growth, particularly affecting travel to specific countries.
- The company faces geopolitical risks and challenges related to operating in highly regulated markets globally.
- Visa Inc (V) anticipates higher growth in client incentives in the second half of the year due to client performance adjustments and deal timing.
- Despite strong performance, the company acknowledges the potential impacts of economic uncertainty and tariffs on future results.
Welcome to Visa's fiscal second-quarter 2025 earnings conference call. (Operator Instructions) Today's conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to your host, Ms. Jennifer Como, Senior Vice President and Global Head of Investor Relations. Mr. Como, you may begin.
Thank you. Good afternoon, everyone, and welcome to Visa's fiscal second-quarter 2025 earnings call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer; and Chris Suh, Visa's Chief Financial Officer.
This call is being webcast on the Investor Relations section of our website at investor.visa.com. A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights has been posted on our IR website.
Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of future performance and our actual results could differ
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