Record-Breaking Net Revenue and EPS Growth
Visa reported a record $10.2 billion in quarterly net revenue, marking a 14% increase year-over-year. EPS also saw a significant rise, up 23% year-over-year.
Strong Performance in Key Business Metrics
Overall payments volume grew 8% year-over-year in constant dollars, with U.S. payments volume up 7% and international payments volume up 10%. Cross-border volume, excluding intra-Europe, rose 11%, and processed transactions increased by 10% year-over-year.
Innovations and Product Developments
Visa announced several innovations, including the advancement of the Visa-as-a-service stack, Visa Intelligent Commerce, and the expansion of the Flex Credential solution.
Expansion of Commercial and Money Movement Solutions
Commercial payments volume was up 7%, Visa Direct transactions grew 25%, and CMS revenue rose 13% year-over-year in constant dollars.
Value-Added Services Growth
Value-added services revenue increased by 26% year-over-year in constant dollars, driven by strength across all portfolios and pricing.