Visa Inc.

Revenue is transaction‑driven and highly recurring across geographies and customer segments. FY24 net revenue rose 10 percent with broad‑based growth in processed transactions and cross‑border, and FY25 Q3 saw net revenue up 14 percent with cross‑border up 12 percent.

While volumes correlate with macro activity and travel, the business behaves like a tollbooth on global commerce with multi‑year secular support from cash‑to‑digital, e‑commerce, and new flows. Diversification into commercial, remittances/payouts (Visa Direct) and value‑added services further improves visibility.