Net income and revenue increase despite economic shifts
Visa closed its fiscal year 2025 with strong financial performance, reporting a GAAP net income of $20.1 billion, a 2% increase from the previous year. The company’s earnings per share rose 5% to $10.20, driven by continued momentum in digital payments and cross-border activity.
Net revenue for the year ending 30 September 2025 reached $40 billion, marking an 11% increase year-over-year. The growth was fueled by an 8% rise in payments volume and a 13% surge in cross-border volume, excluding intra-European transactions.
Transaction volume and service growth drive momentum
Visa processed 257.5 billion transactions during the fiscal year, up 10% from FY2024. This increase supported the company’s service revenue, which grew by 9% to $17.5 billion. Data processing revenue rose 13% to $20 billion, while international transaction revenue climbed 12% to $14.2 billion.
Other revenue streams, including value-added services, contributed $4.1 billion — a 27% increase. However, client incentives also rose, reaching $15.8 billion, a 14% uptick that partially offset gross revenue gains.
Capital returns and stock repurchase activity
Visa continued its aggressive capital return strategy, repurchasing approximately 54 million shares of Class A common stock. The average price per share was $335.44, totaling $18.2 billion in buybacks. The company has $24.9 billion remaining under its current repurchase authorization as of September 2025.
This strategy aligns with Visa’s long-term shareholder value approach, combining earnings growth with capital distribution to reinforce investor confidence.
Product innovation and future-ready infrastructure
Beyond its financial performance, Visa emphasized its ongoing investments in innovation. The company highlighted its work on Visa as a Service, a digital stack designed to scale across the payments ecosystem. This includes AI-driven commerce, real-time payment solutions, tokenization, and stablecoin integrations.
Recently, Visa announced a stablecoin prefunding pilot through its real-time platform, Visa Direct. Additionally, the company launched the Trusted Agent Protocol to facilitate secure interactions between merchants and AI agents, demonstrating its push into AI-augmented financial infrastructure.
“As these technologies converge to reshape commerce, our focus on product development positions Visa to lead this transformation,” the company stated.
