Staff Reporter, Dhaka : Visa, the global leader in digital payments, has reported strong financial results for the fiscal fourth quarter ended September 30, 2025, reflecting continued momentum in consumer spending, cross-border payments, and global transaction growth. The company’s net revenue increased by 12% to $10.7 billion, driven by year-over-year growth in payments volume, cross-border volume, and processed transactions.

For the quarter, payments volume rose 9% on a constant-dollar basis, while cross-border volume excluding intra-European transactions increased 11%, and total cross-border volume grew 12%. Total processed transactions for the quarter reached 67.7 billion, marking a 10% increase over the prior year.

Commenting on the results, Ryan McInerney, Chief Executive Officer, Visa, said, “In our fourth quarter, strong consumer spending drove net revenue up 12% to $10.7 billion. For the full year, Visa delivered strong performance, with net revenue of $40 billion, up 11%, and broad-based growth across key metrics, underscoring the durability of our diverse business model. As technologies like AI-driven commerce, real-time money movement, tokenization and stablecoins converge to reshape commerce, our focus on innovation and product development positions Visa to lead this transformation.”

Service revenue in the fourth quarter increased 10% over the previous year to $4.6 billion, data processing revenue climbed 17% to $5.4 billion, and international transaction revenue grew 10% to $3.8 billion. Other revenue rose 21% to $1.2 billion, while client incentives were $4.2 billion, up 17% over the previous year.

Excluding special items, non-GAAP net income for the quarter was $5.8 billion, or $2.98 per share, representing an increase of 7% and 10%, respectively. On a constant-dollar basis, non-GAAP earnings per share grew approximately 10%. For the same period, GAAP operating expenses were $4.6 billion, up 40% from the prior year, largely driven by litigation and personnel costs. Excluding these items, non-GAAP operating expenses rose 13% over previous year, driven by increases in personnel, general, administrative, and professional fees. Visa ended the quarter with $20.0 billion in cash, cash equivalents, and investment securities.

Visa’s sustained net revenue growth reflects its ability to capture opportunities across evolving digital commerce and cross-border markets. Backed by innovation, scale, and trust, the company remains firmly positioned to drive long-term value across the global payments landscape.