Visa processed over $4 trillion in third-quarter payment volume for the first time, with transactions up 10% year over year to 72 billion. Its network is a key advantage, but bank-to-bank payments, stablecoins and AI commerce could weaken Visa’s role.
Value-added services revenue rose 34% in constant currency in the third quarter to $3.8 billion. Visa said revenue from its issuing, acceptance, risk and security businesses was growing more than 20% year over year. It also reported a client Net Promoter Score of 76 for the third consecutive year, with clients particularly valuing its global network, reliability and innovation.
Visa has launched its Stablecoin Platform and is working with OpenAI on AI-agent transactions through its network and security infrastructure. It says it has more than 150 AI-powered applications and shipped more than 300 major product releases in the past year. Traditional payments still account for the overwhelming majority of revenue before client incentives, and Visa may not capture as much value from new methods as from cards. Insider Monkey’s database counted 194 hedge funds holding Visa at the latest quarter-end, up from 181; their combined holdings rose from about $30.3 billion to $35.4 billion.
