Q3 25 EPS
$2.98
BEAT +4.68%
Est. $2.85
Q3 25 Revenue
$10.17B
BEAT +3.30%
Est. $9.85B
vs S&P Since Q3 25
-17.5%
TRAILING MARKET
V -3.9% vs S&P +13.6%
Market Reaction
Did V Beat Earnings? Q3 2025 Results
Visa capped its fiscal third quarter with a convincing double beat, reporting non-GAAP EPS of $2.98 against a consensus estimate of $2.85, a 4.68% beat, while net revenue of $10.17 billion topped expectations by 3.30% and climbed 14.3% year-over-year… Read more Visa capped its fiscal third quarter with a convincing double beat, reporting non-GAAP EPS of $2.98 against a consensus estimate of $2.85, a 4.68% beat, while net revenue of $10.17 billion topped expectations by 3.30% and climbed 14.3% year-over-year, a result that few anticipated at that magnitude. The quarter's strength was broad-based: payments volume grew 8% on a constant-dollar basis, processed transactions hit 65.4 billion (up 10%), and cross-border volume excluding intra-Europe rose 11%, collectively powering data processing revenue to $5.15 billion and international transaction revenue to $3.63 billion. GAAP results were weighed down by a $615 million litigation provision tied to the interchange MDL case, though the underlying business showed no such strain. Visa returned $6 billion to shareholders through buybacks and dividends in the quarter, repurchasing 14 million shares at an average of $349 each. Looking ahead, CEO Ryan McInerney pointed to resilient consumer spending and early-July momentum, while flagging AI and stablecoins as emerging innovation priorities.
Key Takeaways
- • Payments volume growth of 8% on a constant-dollar basis
- • Cross-border volume excluding intra-Europe grew 11% on a constant-dollar basis
- • Total cross-border volume grew 12% on a constant-dollar basis
- • Processed transactions increased 10% to 65.4 billion
- • Resilient consumer spending with strength in both discretionary and non-discretionary categories in the U.S.
V YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
V Revenue by Segment
With YoY comparisons, source: SEC Filings
“Visa delivered another strong quarter, with 14% net revenue growth, 12% GAAP EPS growth and 23% non-GAAP EPS growth. Healthy business driver trends continued through the quarter and into the first few weeks of July. Consumer spending remains resilient, with continued strength in discretionary and non-discretionary growth in the U.S. Looking ahead, our continued focus on innovation and product development in dynamic areas like AI and stablecoins is helping to shape the future of commerce while delivering sustainable, long-term value for our shareholders.”
— Ryan McInerney, Q3 2025 Earnings Press Release
V Earnings Trends
V vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
V EPS Trend
Earnings per share: estimate vs actual
V Revenue Trend
Quarterly revenue: estimate vs actual
V Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $3.14 | $3.17 | +0.88% | $10.90B | +1.98% |
| Q4 25 BEAT FY | $2.97 | $2.98 | +0.34% | $10.72B | — |
| FY Full Year | $11.44 | $11.47 | +0.24% | $40.00B | +0.27% |
| Q3 25 BEAT | $2.85 | $2.98 | +4.68% | $10.17B | +3.30% |
| Q2 25 BEAT | $2.68 | $2.76 | +3.00% | $9.59B | +0.47% |