Visa Inc - Class A
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.67%.
Did V Beat Earnings? Q3 2025 Results
Visa capped its fiscal third quarter with a convincing double beat, reporting non-GAAP EPS of $2.98 against a consensus estimate of $2.85 — a 4.68% beat — while net revenue of $10.17 billion topped expectations by 3.30% and climbed 14.3% year-over-year, a result that <a href="https://247wallst.com/investing/2026/01/29/visa-earnings-preview-what-to-watch-when-v-reports-today/">few anticipated at that magnitude</a>. The quarter's strength was broad-based: payments volume grew 8% on a constant-dollar basis, processed transactions hit 65.4 billion (up 10%), and cross-border volume excluding intra-Europe rose 11%, collectively powering data processing revenue to $5.15 billion and international transaction revenue to $3.63 billion. GAAP results were weighed down by a $615 million litigation provision tied to the interchange MDL case, though the underlying business showed no such strain. Visa returned $6 billion to shareholders through buybacks and dividends in the quarter, repurchasing 14 million shares at an average of $349 each. Looking ahead, CEO Ryan McInerney pointed to resilient consumer spending and early-July momentum, while flagging AI and stablecoins as emerging innovation priorities.
- Payments volume growth of 8% on a constant-dollar basis
- Cross-border volume excluding intra-Europe grew 11% on a constant-dollar basis
- Total cross-border volume grew 12% on a constant-dollar basis
- Processed transactions increased 10% to 65.4 billion
- Resilient consumer spending with strength in both discretionary and non-discretionary categories in the U.S.
“Visa delivered another strong quarter, with 14% net revenue growth, 12% GAAP EPS growth and 23% non-GAAP EPS growth. Healthy business driver trends continued through the quarter and into the first few weeks of July. Consumer spending remains resilient, with continued strength in discretionary and non-discretionary growth in the U.S. Looking ahead, our continued focus on innovation and product development in dynamic areas like AI and stablecoins is helping to shape the future of commerce while delivering sustainable, long-term value for our shareholders.”
Visa CEO, on the earnings call
Forward Guidance & Outlook
CEO Ryan McInerney noted that healthy business driver trends continued through the quarter and into the first few weeks of July. Consumer spending remains resilient, with continued strength in discretionary and non-discretionary growth in the U.S. Visa's continued focus is on innovation and product development in dynamic areas like AI and stablecoins to shape the future of commerce and deliver sustainable, long-term value for shareholders.
V YoY Financials
V Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.