Strong Financial Performance
Visa reported $9.6 billion in net revenue, up 9% year-over-year, and EPS up 10%. Payments volume grew 8% year-over-year in constant dollars.
Growth in Cross-Border and Payments Volume
Cross-border volume, excluding Intra-Europe, rose 13% in constant dollars, and process transactions grew 9% year-over-year.
Expansion in Consumer Payments
Total credentials grew 7%, and nearly 50% of e-commerce transactions globally are tokenized. Tap to Pay penetration reached 76% globally.
Commercial and Money Movement Solutions Growth
Commercial volume up 6% in constant dollars, Visa Direct transactions up 28%, and CMS revenue up 13% year-over-year in constant dollars.
Value-Added Services Revenue Surge
Value-added services revenue grew 22% in constant dollars, powered by strong growth across all portfolios.
New Product Developments
Visa launched new products like Tap to P2P, and expanded its stablecoin settlement program, surpassing $200 million in cumulative volume.
Share Repurchase Program
Visa's Board of Directors authorized a new $30 billion multiyear share repurchase program.