Visa, Inc. (NYSE:V) shares rose in premarket trading Wednesday after the payments giant reported first-quarter results that topped Wall Street expectations and lifted its full-year outlook.

Earnings Snapshot

The company posted quarterly earnings of $3.31 per share, surpassing analysts' estimates of $3.10, according to Benzinga Pro data. Revenue came in at $11.23 billion, ahead of the consensus estimate of $10.74 billion.

Net revenue increased 17% year over year, marking Visa's fastest growth pace since 2022.

Conference Call Takeaways

Payments volume rose 9% year over year to $3.7 trillion, while total transactions increased 9% to 66 billion, reflecting steady global consumer spending and network activity.

Revenue from commercial and money movement solutions climbed 24% year over year, driven by strong adoption. Value-added services accounted for 30% of net revenue and grew more than 25% in constant currency.

Visa Direct processed 3.7 billion transactions, up 23%, with its network expanding to more than 18 billion endpoints globally.

Stablecoin-linked card programs exceeded 160 worldwide, with associated volumes surging nearly 200% in the second quarter. Stablecoin settlement volume reached an annualized $7 billion, up 50% sequentially.

Capital Returns and April Trends

Visa returned significant capital to shareholders during the quarter, repurchasing $7.9 billion in stock—its largest quarterly buyback on record—and paying $1.3 billion in dividends.

In April, U.S. payments volume rose 9%, supported by 10% growth in credit and 8% in debit. Cross-border volumes increased 9%, led by 14% growth in e-commerce and 5% growth in travel.

Outlook Raised

The company raised its full-year guidance, now expecting net revenue to grow in the low double-digit to low-teens range and earnings per share to increase in the low teens.

V Price Action: Visa shares were up 5.20% at $325.39 during premarket trading on Wednesday, according to Benzinga Pro data.

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