By Emily Bary
Volume growth picked up in the latest quarter, suggestive of healthy payment activity
Visa’s revenue exceeded expectations in the September quarter.
Volume growth picked up in Visa’s latest quarter, signaling a robust spending landscape.
The company on Tuesday reported 9% growth in payment volume for its September quarter, up from the 8% growth rate posted in the June quarter.
The “continued healthy consumer spending,” as described by Chief Executive Ryan McInerney, drove Visa (V) to beat revenue expectations for the latest quarter. The company posted $10.7 billion on the top line, up 12% from a year earlier and above the $10.6 billion that analysts tracked by FactSet were forecasting.
Adjusted earnings per share came in at $2.98, topping estimates by a penny.
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Visa benefited from 12% growth in cross-border volume, which is largely seen as a proxy for spending related to international travel but also includes things like e-commerce transactions conducted between a merchant and buyer each based in different countries. Cross-border volume tends to be more profitable than domestic volume.
Shares of Visa were edged 0.4% higher in the extended session, with the company’s outlook potentially encouraging as well. Visa just began its new fiscal year and expects a low-single-digit revenue growth rate for fiscal 2026. Analysts tracked by FactSet were looking for $44.2 billion in annual revenue, implying expectations for 10.5% growth.
“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,” McInerney said in his statement.
Investors will get another look at the payment-technology landscape on Thursday morning, when Mastercard Inc. (MA) reports its September-quarter results.
See also: PayPal partners with OpenAI – and its stock is rewarded
-Emily Bary
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10-28-25 2025ET
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