VISA: Record Year Despite Legal Costs and High Expenses

VISA recorded strong revenue growth in the fourth quarter of fiscal year 2025. Net revenue increased by 12% to $10.7 billion, driven by an increase in payment volume, cross-border transactions, and processed payments. On a non-GAAP basis, earnings per share rose by 10% to $2.98. Despite this solid operational performance, GAAP earnings fell by 4% to $5.1 billion due to a special provision related to the ongoing antitrust litigation (MDL). CEO Ryan McInerney emphasized that VISA is well-positioned to shape the transformation in payments, particularly...