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#NYSE:V

Visa and Bridge Launch Stablecoin-Linked Visa Cards to Power Everyday Transactions

Visa announced a new partnership with Bridge, a stablecoin orchestration platform recently acquired by Stripe. The collaboration introduces a card-issuing product that enables developers to offer stablecoin-linked Visa cards through a single API integration. These cards allow consumers to make everyday purchases from their stablecoin balances at over 150 million merchant locations that accept Visa.

The new product, launching initially in Latin America (Argentina, Colombia, Ecuador, Mexico, Peru, and Chile), allows cardholders to pay in local currency while Bridge handles conversion from stablecoins to fiat. The partnership aims to meet growing demand for stablecoin use in regions facing currency volatility and limited access to traditional banking.

Visa emphasized that this initiative is part of its broader effort to integrate stablecoins into its global payments infrastructure. The rollout will expand to countries in Europe, Africa, and Asia in the coming months.
Visa Inc. Fiscal Q2 2025 Earnings Report Summary

Strong Operating Metrics Despite Litigation Charges

Visa (NYSE: V) reported its fiscal second quarter 2025 results, demonstrating resilient consumer spending and solid core growth across all major business lines despite litigation-related expenses.

Key Highlights (GAAP vs. Non-GAAP)

Metric GAAP Result YoY % Change Non-GAAP Result YoY % Change
Net Revenue $9.6B +9% — +11% (CC*)
Net Income $4.6B -2% $5.4B +6%
Earnings Per Share (EPS) $2.32 +1% $2.76 +10%
Operating Expenses $4.2B +22% $3.1B +7%
Effective Tax Rate 15.8% flat 16.9% +1 ppt
Processed Transactions 60.7B +9% — —
Cross-Border Volume (ex-EU) — +13% — —
*CC = Constant Currency

Operational Drivers
Payments Volume: +8% YoY (constant-dollar)

Cross-Border Volume (ex-EU): +13% YoY

Data Processing Revenue: +10% to $4.7B

Service Revenue: +9% to $4.4B

International Transaction Revenue: +10% to $3.3B

Client Incentives: $3.7B, up 15%

Significant Items Impacting GAAP Results
$1.0B litigation provision (vs. $430M last year) related to interchange MDL.

Equity investment losses of $23M.

$96M amortization & acquisition-related charges.

Capital Return & Share Buybacks
Returned $5.6B via share repurchases and dividends in Q2.

13 million shares repurchased at an avg. $340.26.

New $30B multi-year repurchase plan authorized.

Quarterly dividend of $0.59/share declared, payable June 2.

Balance Sheet Snapshot (as of March 31, 2025)
Cash & Equivalents: $11.7B

Investment Securities: $3.5B

Total Assets: $92.9B

Total Liabilities: $54.8B

Total Equity: $38.0B

CEO Commentary
“Visa delivered another solid quarter... Our focus on innovation, value-added services, and diversified business lines positions us well for continued growth,” – Ryan McInerney, CEO

Conclusion:
Despite ongoing legal charges, Visa posted strong operational growth and continues returning substantial capital to shareholders. Its reaffirmed strength in core payment volumes and aggressive buyback strategy underscore management's confidence in long-term fundamentals.
Visa today announced its Product Drop event is scheduled for April 30 in San Francisco. At the event, Visa CEO Ryan McInerney and Visa Chief Product and Strategy Officer Jack Forestell will take the stage to unveil new products, solutions and technology partners that are poised to transform the next generation of commerce.

“Last year we rolled out a suite of new solutions to reinvent the way consumers interact with their cards,” said Jack Forestell. “We’re building on that this year – and will dive into the world of AI-driven commerce.”
Visa (NYSE: V) will report its fiscal second quarter 2025 financial results on Tuesday, April 29, 2025. After market close, Visa will furnish the results with the Securities and Exchange Commission and post them, along with accompanying financial information, on the Visa Investor Relations website. Visa will issue a news wire alert when the earnings materials are publicly available, including a link to those documents.

Visa’s executive management team will then host a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial results and business highlights.
Visa expands value-added services with tools to simplify payments and fight fraud

Visa has introduced three new services—reimagined Authorize.net, Unified Checkout, and the ARIC Risk Hub—to support merchants, acquirers, and payment facilitators in managing payments more efficiently and securely. Announced at TRANSACT 2025, the tools aim to enhance customer insights, streamline checkout, and combat fraud using AI-driven features. Authorize.net has been redesigned with improved dashboards and Tap to Phone support, Unified Checkout integrates over 25 payment types for e-commerce, and the ARIC Risk Hub offers adaptive fraud protection. These additions join Visa’s suite of over 200 value-added services.



Visa has launched its Scam Disruption Practice to combat emerging fraud, preventing over $350 million in attempted scams in 2024. Operating under Visa Payment Ecosystem Risk and Control, the team combines advanced technology, AI-driven analysis, and human expertise, including former law enforcement and military professionals, to identify and dismantle scam networks.

The initiative focuses on proactive investigations, scam detection, and disruption, working with financial institutions and law enforcement to prevent losses. One major effort shut down nearly 12,000 fraudulent merchants linked to identity verification scams, saving over $37 million.

Visa continues to invest in security, integrating AI and data analysis to protect consumers and businesses. More details are available at Visa.com/security.



Visa announced that its Tap to Phone technology has grown by 200% over the past year, with the highest adoption rates in the US, UK, and Brazil, where growth reached 234%. The technology enables businesses to accept contactless payments using NFC-enabled smartphones, eliminating the need for traditional point-of-sale devices. Nearly 30% of businesses using Tap to Phone are new small businesses, highlighting its role in expanding access to digital payments.

Small business owners have found the technology to be a game-changer, allowing them to operate more efficiently and improve customer experience. Businesses like The Brooklyn Teacup in New York, Santa Felicidade restaurant in Brazil, and Reuthe’s event space in the UK have integrated Tap to Phone to enhance their operations, reduce wait times, and boost sales.

Visa is also expanding its tap-based solutions with features like Tap to Add Card, which simplifies adding payment cards to digital wallets, and Tap to Send and Request, allowing users to transfer money securely by tapping their card to a phone. Tap to Send will launch later this year as "Tap to Transfer" on Samsung Galaxy devices. The continued growth of tap technology is expected to drive further adoption and innovation in digital payments.

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.
**Visa Foundation Pledges $2 Million for Los Angeles Wildfire Recovery Efforts**

Visa Foundation has committed **$2 million** to support communities affected by the **Los Angeles wildfires** through the FireAid benefit concert. The funds will aid both **short-term relief efforts and long-term fire prevention initiatives** across Southern California.

The **FireAid concert**, held on **January 30**, brings together musical performers to raise awareness and funds for wildfire recovery. Visa Foundation’s contribution aligns with its broader humanitarian relief efforts, having provided nearly **$30 million** in disaster assistance to date.

Kelly Mahon Tullier, **Board Chair of Visa Foundation**, emphasized Visa’s commitment to community support and rebuilding efforts. Visa employees have contributed over **16,000 volunteer hours** and **$5 million in matching donations** globally in 2024.

For more details, visit [Visa Foundation](https://www.visafoundation.org).