Visa reported strong financial results for the first quarter of fiscal 2025, with net revenue reaching $9.5 billion, a 10% increase year-over-year, or 11% on a constant-currency basis. GAAP net income rose 5% to $5.1 billion, translating to earnings per share of $2.58, up 8%. On a non-GAAP basis, net income increased by 11% to $5.5 billion, with EPS growing 14% to $2.75.

Key growth drivers included a 9% increase in payments volume, a 16% rise in cross-border volume, and an 11% growth in processed transactions. International transaction revenue surged by 14%, and data processing revenue climbed 9%. Visa also repurchased $3.9 billion worth of shares and paid $1.17 billion in dividends during the quarter.

Operating expenses increased by 22% due to higher personnel and administrative costs, including severance and lease consolidation charges. Visa also completed its acquisition of Featurespace, a firm specializing in AI-driven fraud prevention. Looking ahead, Visa remains focused on innovation across consumer payments, new payment flows, and value-added services.