Visa (NYSE: V) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Visa beat expectations on revenues and earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved significantly.

Gross margins shrank, operating margins expanded, and net margins grew.

Revenue details
Visa booked revenue of $2.58 billion. The 29 analysts polled by S&P Capital IQ hoped for sales of $2.48 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $2.25 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.60. The 33 earnings estimates compiled by S&P Capital IQ predicted $1.50 per share. GAAP EPS of $1.59 for Q2 were 27% higher than the prior-year quarter's $1.25 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 83.3%, 110 basis points worse than the prior-year quarter. Operating margin was 62.3%, 40 basis points better than the prior-year quarter. Net margin was 50.1%, 1,090 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.52 billion. On the bottom line, the average EPS estimate is $1.45.

Next year's average estimate for revenue is $10.22 billion. The average EPS estimate is $6.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,752 members out of 5,012 rating the stock outperform, and 260 members rating it underperform. Among 979 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 929 give Visa a green thumbs-up, and 50 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Visa is outperform, with an average price target of $123.46.

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