Visa beat Wall Street estimates for quarterly profit on Tuesday, as the world's largest payment processor benefited from a steady rise in card payment volumes and the company unveiled a $30 billion share repurchase plan.

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

Despite worries on Wall Street about the state of the consumer, Visa Inc. posted quarterly results on Tuesday that signaled spending growth is still healthy.