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Visa V Q3 2025 earnings

Reported July 29, 2025 · After market close

Revenue$10.2BBeat by $324.3MDiluted EPS$2.98Beat by $0.13
Revenue estimate$9.8B
EPS estimate$2.85

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$11.4B
EPS estimate$3.22

Financials

Q3 2025

Income statement

See full
Revenue$10.2B+14.3%
Gross profit$9.9B+14.3%
Operating income$6.2B+4.0%
Net income$5.3B+8.2%
EPS (diluted)$2.69+12.1%

Balance sheet

See full
Cash & equivalents$24.4B+26.8%
Total debt$30.7B+48.9%
Total equity$38.7B-2.7%
Total assets$100.02B+9.9%

Cash flow

See full
Operating cash flow$6.7B+31.1%
CapEx$421.0M+5.3%
Free cash flow$6.3B+33.3%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$686.91B+30.9%
Enterprise value$693.15B+31.8%
P/E33.9×+6.4×
P/S17.7×+2.6×

Profitability

See full
Gross margin97.8%0.0pp
Operating margin62.2%-3.1pp
Net margin52.2%-2.6pp
FCF margin56.8%+2.5pp

Returns & leverage

See full
Return on equity51.8%+3.2pp
Debt / equity0.8×+0.3×
Current ratio1.1×-0.3×

Segments

By product

See full
Data processing revenue$5.2B+14.8%
Service revenue$4.3B+9.2%
International transaction revenue$3.6B+13.7%
Other revenue$1.0B+31.8%
Client incentives-$4.0B-12.5%

Versus estimates

Revenue

Q2 2026$11.2BBeat by $479.0MQ1 2026$10.9BBeat by $213.0MQ4 2025$10.7BBeat by $105.2M
Q3 2025$10.2BBeat by $324.3M
Q2 2025$9.6BBeat by $42.6MQ1 2025$9.5BBeat by $161.6M

Diluted EPS

Q2 2026$3.31Beat by $0.21Q1 2026$3.17Beat by $0.03Q4 2025$2.98Beat by $0.01
Q3 2025$2.98Beat by $0.13
Q2 2025$2.76Beat by $0.08Q1 2025$2.75Beat by $0.09

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Questions, answered.

When did Visa report Q3 2025 earnings?
Visa (V) reported Q3 2025 earnings on July 29, 2025 after market close.
What were Visa's Q3 2025 revenue and EPS?
Visa reported revenue of $10.2B and diluted EPS of $2.98 for Q3 2025.
Did Visa beat estimates in Q3 2025?
Revenue beat the consensus estimate of $9.8B by $324.3M. EPS beat the consensus estimate of $2.85 by $0.13.
Where can I find Visa's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001403161-25-000051) and the 10-Q periodic report (0001403161-25-000052) directly on SEC EDGAR. The filing index links above go to sec.gov.