Visa Earnings Top Estimates as Spending on Network Stays Strong

Visa Inc.’s fiscal second-quarter earnings beat analysts’ estimates as spending on its payment network remained resilient despite macroeconomic uncertainties.

Net income rose 6% to $5.44 billion, while adjusted earnings per share totaled $2.76, beating expectations of $2.68 for the three months through March. Payments volume came in at $3.34 trillion, less than the expected $3.42 trillion.

“Consumer spending remained resilient, even with macroeconomic uncertainty,” Chief Executive Officer Ryan McInerney said in a statement Tuesday.

Results for the San Francisco-based firm reiterated what other financial companies have said about the fiscal health of US consumers: they’re continuing to spend for ...