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Visa’s earnings conference call is set to kickoff in 25 minutes.
Post-Earnings Move: 🔻-1.90%
Beat on revenue ($10.2B vs. $9.85B est) and EPS ($2.98 vs. $2.85), with solid growth in cross-border volume (+12%) and processed transactions (+10%).
But payments volume rose just 8% YoY — a slowdown vs. Q2’s +10%, signaling softening U.S. consumer trends.
No formal guidance raise despite strong results.
Commentary was upbeat but not convictional, and Visa noted rising operating expenses (+35% YoY GAAP).
Investors were likely expecting a guide raise, especially with buybacks and stablecoin traction highlighted.
This was a “good, not great” print. Buy-side may fear Q4 comps get tougher, and that Visa’s cross-border tailwinds are nearing normalization.
Still a structural compounder, but short-term upside now likely tied to macro reacceleration.
| KPI | Q3 FY2025 | YoY Change |
|---|---|---|
| Payments Volume | +8% | ↓ vs. Q2 |
| Cross-Border Volume (ex-EU) | +11% | ↑ stable |
| Cross-Border Volume (Total) | +12% | ↑ |
| Processed Transactions | 65.4B (+10%) | ↑ |
| Non-GAAP Operating Margin | 67.5% | ↓ due to litigation cost |
| Shareholder Returns (buybacks + divs) | $6.0B | ↑ |
Visa turned in another strong quarter, delivering a top- and bottom-line beat with broad-based volume growth. Net revenue reached $10.2B vs. $9.85B est, and non-GAAP EPS came in at $2.98 vs. $2.85 est, up 23% YoY. Despite a $615M litigation charge, net income still rose 8% YoY and operating metrics showed healthy cross-border and payment volume trends.
| Metric | Actual | Estimate | Beat/Miss |
|---|---|---|---|
| Revenue | $10.2B | $9.85B | ✅ Beat |
| GAAP EPS | $2.69 | — | — |
| Non-GAAP EPS | $2.98 | $2.85 | ✅ Beat |
| Payments Volume Growth | +8% | +10–11% est | ❌ Miss (low end) |
| Cross-Border Volume (ex-EU) | +11% | +10% est | ✅ Beat |
| Processed Transactions | +10% YoY | +12% est | ❌ Slight miss |
Visa did not issue formal numeric guidance, but CEO Ryan McInerney noted that “healthy business driver trends continued through July”, and emphasized resilience in both discretionary and non-discretionary spending. Management also reaffirmed confidence in AI and stablecoin product development as long-term growth driver.
Visa stock is trending down as the trading day wraps up and 3Q earnings coming shortly. Stay on this page as we send live updates of earnings how the stock trends after-hours.
Live coverage has ended. The full story is below.
Visa (NYSE:V | V Price Prediction) reports fiscal Q3 2025 results after the bell tonight. Consensus estimates expect strong growth as payment volumes and digital adoption trends remain resilient. The stock is up 12% YTD but has underperformed fintech peers amid mixed cross-border data and macro headwinds. With management recently showcasing AI agent-driven payments and expanded stablecoin efforts, this quarter’s call could mark a strategic turning point.
– Revenue: $9.85 billion
– EPS (Normalized): $2.85
– FY 2025 Revenue: $39.56 billion
– FY 2025 EPS: $11.35
That implies YoY revenue growth of +10.1% and EPS growth of +12.9% for FY25, both decelerating modestly from FY24’s +12.8% and +13% respectively.
| KPI | Q3 2024 | Q3 2025E | YoY Change |
|---|---|---|---|
| Cross-Border Volume Index | 154.1 | ~170* | +10% est. |
| Payments Volume (YoY %) | +9.6% | +10–11% | ↑ slight |
| Transactions (YoY %) | +11.4% | +12% est. | ↑ |
*Est. based on cross-border trends disclosed in May & June conferences.
Visa increased FY2025 EPS guidance modestly after April’s call.
Stablecoin pilot volumes updated from $100M to $225M.
AI/agentic commerce moved from concept to active pilot phase.
Management noted stable consumer volume trends in May across U.S. and major markets.
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 14-Day Move |
|---|---|---|---|---|
| Q2 FY25 | +3.0% | +1.6% | +2.9% | +3.5% |
| Q1 FY25 | +3.34% | +0.9% | +1.5% | +2.2% |
| Q4 FY24 | +5.24% | +2.3% | +3.8% | +4.1% |
| Q3 FY24 | +0.11% | -0.4% | +0.7% | +1.8% |
Visa has delivered four straight beats, with consistent positive stock reactions — especially over the 7-day window after earnings. Visa has averaged a +2.2% stock gain 7 days after earnings over the past four quarters.
Contact [email protected] for any questions or corrections.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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