Visa Tops Q3 Forecasts With $11.6 Billion Revenue as World Cup Spending Lifts Cross-Border Volume 13%
Updated
Updated · Yahoo Finance · Jul 30
Visa Tops Q3 Forecasts With $11.6 Billion Revenue as World Cup Spending Lifts Cross-Border Volume 13%
3 articles · Updated · Yahoo Finance · Jul 30
Summary
$3.32 adjusted EPS and $11.6 billion in fiscal Q3 revenue both beat Wall Street estimates, as Visa logged more than $4 trillion in quarterly payments volume for the first time.
13% cross-border volume growth and World Cup travel helped drive the beat, with CFO Chris Suh saying in-person transactions jumped as much as 20% in some host cities on match days.
Core businesses stayed strong: data processing revenue rose 17% to $6.0 billion, service revenue increased 14% to $4.9 billion, and international transaction revenue gained 6% to $3.9 billion.
2,600 planned job cuts—about 7% of Visa's workforce—tempered the upbeat results, while operating expenses climbed 19% as the company pushed AI-led automation and broader capital reallocation.