Visa Reports No Evidence of a Slowing Economy
Visa Reports Strong Q3 2025 Results, Forecasts Continued Growth
In a promising development, Visa, the global leader in digital payments, has announced its Q3 2025 results, showing a robust performance across various key metrics. The company is forecasting high-single-digit to low-double-digit net revenue and operating expense growth in the final three months of its fiscal year.
CEO Al Kelly (McInerney in the provided bullet points) stated that Visa's focus on innovation and product development in areas like AI and stablecoins is helping to shape the future of commerce while delivering sustainable, long-term value for shareholders. This strategic approach seems to be paying off, as evidenced by the company's strong performance.
The Q3 2025 report highlights Visa’s ability to leverage technology and diversified revenue streams to sustain long-term value. For instance, Visa reported a 14% year-over-year revenue growth, with revenue of $10.17-$10.2 billion. Net income rose 8.2% to approximately $5.27 billion, and earnings per share (EPS) increased around 12-23%, reaching $2.69.
The company's consumer spending ecosystem showed strong performance, with notable growth in revenue, earnings, and transaction volumes. Resilient U.S. consumer spending, expanded transaction volumes, increased cross-border activity, and a diversified client base were identified as key factors.
Strategic investments in AI, stablecoins, and enhanced payment solutions, such as Fleet card capabilities and Google Pay integration, were emphasized for future growth. Post-earnings, Visa's stock traded positively around $339.35, reflecting investor confidence in its fundamentals.
Looking ahead, Visa expects low-double-digit full-year revenue growth. Earnings per share is likely to grow in the low teens for the year and high single digits in the company's fiscal fourth quarter.
Outside of the U.S., cross-border volumes excluding transactions within Europe increased by 11% in Q3 2025. Processed transactions by Visa increased by 10% in Q3 2025 compared to Q3 2024, with a total of 65.4 million. Payment volumes handled by Visa grew by 9% in Q3 2025 compared to Q3 2024, with a total of $3.6 billion.
However, investors need to be on the lookout for declining credit trends or other signs of decreases in spending. Additionally, Visa will likely face continued questions about stablecoins and their potential to disrupt the company's core business.
As of June 30, Visa has $29.8 billion of remaining authorized funds for share repurchases. Excluding special items, non-GAAP operating expenses for Visa increased by 13% in Q3 2025. GAAP operating expenses for Visa increased by 35% in Q3 2025, reaching $4 billion.
A full earnings report and investor relations page are available for further information. The strong Q3 2025 results and forecasted growth indicate a promising future for Visa as it continues to innovate and shape the digital payments landscape.
[1] Visa Inc. (2025). Visa Reports Third Quarter 2025 Results. [Press release] [2] MarketWatch (2025). Visa stock rises 1% in extended trading after beating earnings estimates. [News article]
Visa's Q3 2025 results show a strong focus on investing in technology, such as AI and stablecoins, which contribute to the company's future growth in the business sector. The strong performance and high-single-digit to low-double-digit net revenue and operating expense growth forecast indicate the company's financial health and potential for continued sustainable value for shareholders. Investors should keep an eye on potential declining credit trends or decreases in spending, as well as the impact of stablecoins on Visa's core business.
