Overview
- Net revenue rose 12% to $10.72 billion, exceeding analyst estimates compiled by LSEG.
- Payments volume grew 9% on a constant-dollar basis as U.S. spending remained broad-based across retail, travel and fuel.
- Cross-border volume increased 12% with some moderation from earlier periods, and processed transactions rose 10% to 67.7 billion.
- Management expects a strong holiday first quarter and projects low double-digit adjusted revenue growth for fiscal 2026 with anticipated lift from the Olympics and FIFA World Cup.
- Visa is ramping investment in Visa-as-a-service, cross-border products, stablecoin efforts and AI, while reported operating expenses jumped 40% to $4.6 billion due to litigation provisions and personnel; shares gained about 1% after hours.