Visa's earnings call for the fiscal third quarter of 2025 highlighted strong financial performance with record net revenue and EPS growth. Key business drivers and value-added services showed significant growth, and Visa Direct continued to expand. However, there were challenges related to currency volatility, U.S. inbound travel, and higher operating expenses. Overall, the positive aspects of the call outweigh the challenges.

Company Guidance -

Q4 2025

During Visa's Fiscal Third Quarter 2025 earnings call, the company reported robust financial performance with net revenue reaching $10.2 billion, reflecting a 14% year-over-year increase, and earnings per share (EPS) rising by 23%. Key drivers of this growth included an 8% increase in overall payments volume in constant dollars, with U.S. and international volumes growing by 7% and 10%, respectively. Cross-border volume, excluding intra-Europe, saw an 11% rise, while processed transactions were up by 10% year-over-year. Visa's commitment to innovation was highlighted by the expansion of its Visa-as-a-service stack and progress in areas like AI and stablecoins. The company also reported significant advancements in digital payment solutions, with a 7% increase in total credentials and over 50% of e-commerce transactions now tokenized globally. Additionally, Visa's value-added services revenue grew by 26% year-over-year, driven by strength across all portfolios, showcasing the company's strategic focus on enhancing its offerings and expanding its market presence.

Record Net Revenue Growth

Visa reached a record $10.2 billion in quarterly net revenue, up 14% year-over-year, driven by lower incentives, a lower FX headwind, and higher value-added services revenue.

Strong EPS Growth

EPS was up 23% year-over-year, driven by strong net revenue growth.

Growth in Key Business Drivers

Overall payments volume grew 8% year-over-year in constant dollars, with U.S. payment volume up 7% and international payments volume up 10%.

Cross-Border Volume Increase

Cross-border volume, excluding intra-Europe, rose 11% in constant dollars.

Value-Added Services Success

Value-added services revenue grew 26% year-over-year in constant dollars, driven by strength across all portfolios and pricing.

Visa Direct Transaction Growth

Visa Direct transactions grew 25% year-over-year, reaching 3.3 billion transactions, with strength in both domestic and cross-border P2P.

Innovative Product Developments

Visa's product developments in AI, stablecoins, and digital payments have shown progress, with partnerships and initiatives expanding globally.

Visa (DE:3V64) Earnings, Revenues Date & History

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DE:3V64 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q4)	2.55 / -	2.327	―	―	―
Jul 29, 2025	2025 (Q3)	2.44 / 2.56	2.078	23.14% (+0.48)
Apr 29, 2025	2025 (Q2)	2.30 / 2.37	2.155	9.96% (+0.21)
Jan 30, 2025	2025 (Q1)	2.28 / 2.36	2.069	14.11% (+0.29)
Oct 29, 2024	2024 (Q4)	2.21 / 2.33	2	16.31% (+0.33)
Jul 23, 2024	2024 (Q3)	2.08 / 2.08	1.854	12.04% (+0.22)
Apr 23, 2024	2024 (Q2)	2.09 / 2.15	1.794	20.10% (+0.36)
Jan 25, 2024	2024 (Q1)	2.01 / 2.07	1.872	10.55% (+0.20)
Oct 24, 2023	2023 (Q4)	1.93 / 2.00	1.657	20.73% (+0.34)
Jul 25, 2023	2023 (Q3)	1.82 / 1.85	1.7	9.09% (+0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:3V64 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	€306.61	€309.01	+0.78%
Apr 29, 2025	€296.29	€300.17	+1.31%
Jan 30, 2025	€327.13	€330.16	+0.93%
Oct 29, 2024	€261.76	€267.77	+2.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.