Visa press release (NYSE:V): Q3 Non-GAAP EPS of $2.98 beats by $0.13.
Revenue of $10.2B (+14.6% Y/Y) beats by $350M.
Net revenue in the fiscal third quarter was $10.2 billion, an increase of 14%, driven by the year-over-year growth in payments volume, cross-border volume and processed transactions.
Net revenue increased 14% on a constant-dollar basis. Payments volume for the three months ended March 31, 2025, on which fiscal third quarter service revenue is recognized, increased 8% over the prior year on a constant-dollar basis.
Payments volume for the three months ended June 30, 2025 increased 8% over the prior year on a constant-dollar basis. Cross-border volume excluding transactions within Europe, which drives our international transaction revenue, increased 11% on a constant-dollar basis for the three months ended June 30, 2025.
Total cross-border volume on a constant-dollar basis increased 12% in the quarter. Total processed transactions, which represent transactions processed by Visa, for the three months ended June 30, 2025, were 65.4 billion, a 10% increase over the prior year.
