Visa Reports 15% Revenue Growth in Q4

By Chris Stiles • Sunday, February 01 04:27 • Permanent Link

Visa Inc. has reported its latest quarterly results, showing a 15% increase in net revenue for the three months ended December 31, 2025, compared to the same period in 2024. The company's net revenue reached $10.9 billion, driven by growth in nominal cross-border volume, processed transactions, and nominal payments volume. However, operating expenses also increased by 27% during the same period, primarily due to higher litigation provisions.

The company's non-GAAP net income for the same period was $6.1 billion, representing a 12% increase over the prior-year period. Visa Inc. also repurchased 11 million shares of its class A common stock in the open market for $3.8 billion during the quarter, with remaining authorized funds of $21.1 billion as of December 31, 2025.

Visa Inc. uses non-GAAP financial measures to provide greater transparency into its ongoing operating performance. These measures exclude certain items that are not representative of its continuing operations, including gains and losses on equity investments, amortization of acquired intangible assets, acquisition-related costs, litigation provisions, deferred tax benefits, severance costs, and lease consolidation costs.

In terms of payments volume, Visa Inc. reported a total nominal volume of $4.4 trillion for the three months ended December 31, 2025, representing an 8% increase over the same period in 2024. The company also processed 69.4 billion transactions during the quarter, marking a 9% increase from the prior-year period.

Additionally, Visa Inc. recorded an additional accrual of $707 million for claims associated with the interchange multidistrict litigation for the three months ended December 31, 2025, and made a deposit of $500 million into the U.S. litigation escrow account. The company noted that the additional accrual related to the interchange multidistrict litigation could be higher or lower than the deposit made into the U.S. litigation escrow account.

The market has reacted to these announcements by moving the company's shares 0.17% to a price of $328.30. Check out the company's full 10-Q submission here.

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