Q1 2025 Visa Inc Earnings Call Transcript
Key Points
- Visa Inc (V) reported a strong start to the fiscal year with $9.5 billion in net revenue, up 10% year over year, and EPS up 14%.
- Cross-border volume excluding intra-Europe rose 16% in constant dollars, indicating robust international growth.
- Visa Direct transactions grew 34% year-over-year, highlighting significant expansion in new payment flows.
- Value-added services revenue grew 18% in constant dollars, driven by strong growth in consulting, marketing services, and risk solutions.
- Visa Inc (V) successfully renewed and expanded several key partnerships globally, including with ICBC in China and ICICI Bank in India, strengthening its international presence.
- Asia Pacific payments volume growth remained muted, reflecting a challenging macroeconomic environment in the region.
- Operating expenses grew 11%, driven by increases in personnel and general and administrative expenses, which could impact profitability.
- The restructuring charge of $213 million related to workforce changes indicates ongoing adjustments and potential disruptions.
- Visa Inc (V) faces potential challenges from a strong US dollar, which could affect cross-border travel and spending patterns.
- The regulatory environment in the US remains uncertain, which could impact Visa Inc (V)'s operations and growth strategies.
Welcome to Visa's fiscal first quarter 2025 earnings conference call. All participants are in a listen-only mode until the question and answer session. Today's conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to your host, Ms. Jennifer Como, Senior Vice President and Global Head of Investor Relations. Ms. Como, you may begin.
Thank you. Good afternoon, everyone and welcome to Visa's fiscal first quarter 2025 earnings call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer; and Chris Suh, Visa's Chief Financial Officer.
This call is being webcast on the Investor Relations section of our website at investor.visa.com. A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights has been posted on our IR website.
Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
