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VISA Visa Inc. Reports Fiscal Second Quarter 2021 Results San Francisco , CA , April 27 , 2021 – Visa Inc. ( NYSE : V ) • GAAP and non - GAAP net income of $ 3.0B or $ 1.38 per share • Net revenues of $ 5.7B , a decrease of 2 % or approximately flat if service revenues were recognized on current quarter's payments volume • Our key business driver growth rates are starting to ramp up , reflecting the depressed levels in 2020 due to COVID - 19 and making year - over - year comparisons difficult to interpret • Compared to fiscal second quarter 2019 levels , payments volume and processed transactions were both 16 percentage points higher , while cross - border volumes excluding intra - Europe remained 25 percentage points lower . All business drivers were consistent or improved from the fiscal first quarter's results indexed to 2019 • Returned $ 2.4B of capital to shareholders in the form of share repurchases and dividends Q2 2021 In billions , except percentages and per share data . % change is calculated over the comparable prior - year period . USD % Change Net Revenues $ 5.7 ( 2 % ) GAAP Net Income $ 3.0 ( 2 % ) GAAP Earnings Per Share $ 1.38 0 % Non - GAAP Net Income ( 1 ) $ 3.0 ( 2 % ) Non - GAAP Earnings Per Share ( 1 ) $ 1.38 ( 1 % ) ( 1 ) Non - GAAP results exclude a special item , equity investment gains and losses , amortization of acquired intangible assets , non - recurring acquisition - related costs and the related tax impacts . Q2 2021 Key Business Drivers ( YoY increase / ( decrease ) , volume in constant dollars ) Q2 2021 Payments Volume 11 % Cross - Border Volume Excluding Intra - Europe ( 1 ) ( 21 % ) Cross - Border Volume Total ( 11 % ) Processed Transactions 8 % ( 1 ) Cross - border volume excluding transactions within Europe . Alfred F. Kelly , Jr. , Chairman and Chief Executive Officer , Visa Inc. , commented on the results : " The COVID - 19 pandemic certainly has turned the world upside down in the last year , but we believe we are starting to see the beginning of the end and the recovery is well underway in a number of key markets around the world . This quarter , we saw a return to positive growth for credit and card present transactions and debit and eCommerce growth stayed at very healthy levels . Cross - border travel is the slowest sector to return , but there are some green shoots that offer real indication of people looking to see the world . As economies are recovering , Visa is very well - positioned and continues to invest and innovate to drive big gains in our three strategic growth areas : consumer payments , new flows and value added services . "