Visa surpassed estimates on revenue and earnings per share last quarter, driven by strong growth in payments volume.
Revenue was US$10.72 billion, up 12% year-over-year and above market estimates of $10.62 billion. Earnings per share were $2.98, rising 10% and beating estimates of $2.97.
"In our fourth quarter, continued healthy consumer spending drove net revenue up 12% to $10.7 billion. For the full year, Visa delivered strong performance, with net revenue of $40 billion, up 11%, and broad-based growth across key metrics, underscoring the durability of our diverse business model,” said Visa CEO Ryan McInerney.
“We continued to invest in our Visa as a Service stack to serve as a hyperscaler across the payments ecosystem. As technologies like AI-driven commerce, real-time money movement, tokenisation and stablecoins converge to reshape commerce, our focus on innovation and product development positions Visa to lead this transformation.”
Payments volume was up 9% last quarter, with cross-border volume rising by 12%. Total processed transactions increased by 10%.
Across fiscal 2025, payments volume increased by 8%, and cross-border volume rose by 13%.
Operating income was $6.15 billion, down from $6.35 billion year-over-year.
Visa’s operating expenses rose to $4.58 billion from $3.27 billion. This was largely due to litigation provisions increasing from $10 million to $903 million.
The company reportedly closed its open-banking business in the United States during the quarter, as the U.S. government reworks its rules preventing banks from charging for access to customer data. It also began testing the option to use pre-funded stablecoins for cross-border payments.
Its guidance for the next fiscal year projects low double-digit percentage revenue growth, and a low double-digit percentage increase in operating expenses.
Visa’s share price closed at $346.90, down from its previous close at $347.82, but recovered to $348.34 in after-hours trading. Its market capitalisation is $670.78 billion.
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