Visa Stock Soars on Strong Earnings and Buyback Plan
Visa Inc. (V) stock surged 2.45% after reporting strong third-quarter earnings and announcing a $20 billion buyback program, driving investor demand.
The company's revenue rose 14% to $11.6 billion, while adjusted earnings increased 11% to $3.32 per share.
The board authorized the new stock buyback plan in addition to existing repurchases, and maintained a quarterly dividend of $0.67 per share payable on September 1, 2025.