Visa Inc - Class A

Visa closed out fiscal Q4 2025 on solid footing, delivering results that edged past Wall Street expectations on both the top and bottom lines as its global payments network continued to generate broad-based volume growth. Non-GAAP earnings per share of $2.98 — a hair above the $2.97 consensus — grew 10% year-over-year, while net revenue climbed 11.5% to $10.72 billion, ahead of the $10.62 billion analysts had anticipated. Those <a href="https://247wallst.com/investing/2026/01/29/visa-earnings-preview-what-to-watch-when-v-reports-today/">key metrics heading into the print</a> were underpinned by a familiar combination of drivers: payments volume rose 9% on a constant-dollar basis, cross-border volume excluding intra-Europe grew 11%, and processed transactions reached 67.7 billion, up 10%. The one notable drag was at the GAAP level, where a $899 million litigation provision tied to the interchange multidistrict litigation case pushed GAAP EPS down to $2.62, a 1% year-over-year decline — a reminder that Visa's legal exposure around merchant fee disputes remains an active overhang even as its core operating performance stays firmly on track.