Visa Inc. Reports 14% Revenue Growth to $10.2 Billion in Q3 Fiscal 2025

Visa Inc. reported a significant increase in its financial performance for the third quarter of fiscal 2025, with net revenue reaching $10.2 billion, a 14% increase from $8.9 billion in the same period last year. For the nine months ending June 30, 2025, net revenue totaled $29.3 billion, up 11% from $26.3 billion in the prior year. The company's operating income for the quarter was $6.2 billion, compared to $5.9 billion a year earlier, while net income rose to $5.3 billion from $4.9 billion, reflecting an 8% increase. Diluted earnings per share also improved, reaching $2.69, up 12% from $2.40 in the previous year.

The increase in revenue was primarily driven by growth in processed transactions and nominal payments volume, despite higher client incentives impacting the overall figures. Visa processed 65.4 billion transactions during the quarter, a 10% increase year-over-year. The company also reported a 14% increase in international transaction revenue, which reached $3.6 billion, and a 9% rise in service revenue, totaling $4.3 billion. However, operating expenses surged by 35% to $4.0 billion, largely due to increased litigation provisions and personnel costs.

In terms of strategic developments, Visa completed the acquisition of Featurespace Limited in December 2024 for $946 million, enhancing its capabilities in fraud prevention and financial crime risk management. The company also issued €3.5 billion in Euro-denominated senior notes in May 2025, aimed at refinancing existing debt and supporting general corporate purposes. Visa's share repurchase program remains robust, with $13.2 billion spent on repurchasing shares in the first nine months of the fiscal year, leaving $29.8 billion authorized for future buybacks.

Visa's balance sheet showed total assets of $100 billion as of June 30, 2025, up from $94.5 billion at the end of the previous fiscal year. Cash and cash equivalents increased to $17.1 billion, while total liabilities rose to $61.4 billion, reflecting a higher current portion of debt. The company reported a total equity of $38.7 billion, down slightly from $39.1 billion, primarily due to share repurchases and dividends paid.

Looking ahead, Visa anticipates continued growth driven by increased transaction volumes and the expansion of its services. The company expects to maintain its focus on innovation and strategic acquisitions to enhance its market position. However, it remains vigilant regarding ongoing litigation matters, including the interchange multidistrict litigation, which has led to significant accruals and provisions in its financial statements.