Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Visa Inc.

Visa (V) reported $10.72 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 11.5%. EPS of $2.98 for the same period compares to $2.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $10.62 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +0.34%, with the consensus EPS estimate being $2.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Visa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
End of Period Connections - Total transactions: 67.65 billion versus 67.68 billion estimated by seven analysts on average.
Payments volume - Total: $3,732.00 billion versus the six-analyst average estimate of $3,706.36 billion.
Payments volume - CEMEA: $237.00 billion versus the four-analyst average estimate of $233.17 billion.
Payments volume - U.S.A: $1,775.00 billion compared to the $1,775.98 billion average estimate based on four analysts.
Payments volume - Asia pacific: $529.00 billion versus the four-analyst average estimate of $516.23 billion.
Payments volume - Canada: $110.00 billion versus the four-analyst average estimate of $109.76 billion.
Total volume: $4,375.00 billion compared to the $4,286.02 billion average estimate based on four analysts.
Revenues- Service revenue: $4.6 billion versus the nine-analyst average estimate of $4.63 billion. The reported number represents a year-over-year change of +9.6%.
Revenues- Data processing revenue: $5.39 billion versus the nine-analyst average estimate of $5.24 billion. The reported number represents a year-over-year change of +17%.
Revenues- Client incentive: $-4.25 billion compared to the $-4.32 billion average estimate based on nine analysts. The reported number represents a change of +17.1% year over year.
Revenues- Other revenue: $1.18 billion versus $1.18 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +21.4% change.
Revenues- International transaction revenue: $3.8 billion versus $3.87 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.
Shares of Visa have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Visa (V) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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Visa (V) Q4 2025 Earnings Call Transcript

Tuesday, October 28, 2025
New record-high closes for three of the four top market indexes happened again today, even as they were off intra-day highs. The Dow gained +161 points (+0.34%) to 47,706 for the first time in history, the S&P 500 rose +15 points (+0.23%) to 6890, the Nasdaq +190 points (+0.80%) to 23,837. The small-cap Russell 2000 will have to wait another day to set a new closing high: it was -13 points (-0.55%) on the session.
With 7000 for the S&P 500 clearly on the horizon, several of its top members by market cap report earnings this week. These include Microsoft MSFT, Meta META, Apple AAPL and Amazon AMZN. NVIDIA NVDA, now trading at an astonishing $4.89 TRILLION market cap, wont reportearnings for another four weeks. Including both A and B shares for Alphabet, Broadcom AVGO, Tesla TSLA and Berkshire Hathaway (BRK.B) round out the top 10 — all trillion-dollar-plus market caps.
Speaking of Amazon, ahead of Thursday afternoon’s earnings release, the e-commerce monolith has announced it will cut its overall workforce by 14K — on its way to a possibly 30K cuts to its payrolls. This comes as the company continues to invest in AI, reallocating resources in its efforts to keep up with huge AI spending from Oracle ORCL and Microsoft, among others.
Quarterly Earnings Releases After Tuesday’s Close
Visa V reported fiscal Q4 earnings this afternoon, typically beating on earnings by a slim margin — in this case, by a penny to $2.98 per share, above the $2.71 per share reported in the year-ago quarter). Revenues grew +12% year over year, beating the Zacks consensus to $10.72 billion in the quarter. The credit card major posted +9% Total Payments Volume and +10% on Processed Transactions. Shares are up narrowly in late trading, +9.8% year to date.
Booking.com BKNG outperformed estimates on both top and bottom lines this afternoon, with earnings of $99.50 per share easily surpassing the $96.11 in the Zacks consensus or $9.01 billion in sales, above the $8.72 billion analysts were looking for. Steady demand trends in travel during the quarter demonstrate the consumer is holding their own. Shares have zigzagged on the news, but presently are up +5%.
International snack giant Mondelez MDLZ reports a narrow earnings beat today: 73 cents per share versus expectations for 72 cents. Revenues of $9.74 billion are exactly in-line with the Zacks consensus. Pricing rose +8%, mostly overseas, though North America’s +1.5% was light of analyst expectations. Shares are down -4.5% in late trading, swinging to negative growth year to date.
What to Expect from the Stock Market Tomorrow
Clearly, the pending quarter-point interest rate cut from the concluding Federal Open Market Committee (FOMC) meeting is the big news for Wednesday’s markets. However, these record-high indexes already illustrate we’ve banked this move — along with the 25 bps cut expected at the December meeting. This would bring the Fed funds rate to 3.50-3.75% by the end of 2025, and that low for the first time in three years.
We also get a massive amount of Q3 earnings data tomorrow, mostly after the bell. Companies include the aforementioned Alphabet, Meta and Microsoft, and also Boeing BA, Chipotle CMG and Starbucks SBUX. Of these, only Microsoft was +2% today, while Chipotle and Starbucks traded down -2%.
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New Record Closing Highs Ahead of Fed Cut, Mag 7 Earnings

(RTTNews) - Visa Inc. (V) reported a profit for its third quarter that Increases, from the same period last year
The company's bottom line came in at $5.272 billion, or $2.69 per share. This compares with $4.872 billion, or $2.40 per share, last year.
Excluding items, Visa Inc. reported adjusted earnings of $5.834 billion or $2.98 per share for the period.
The company's revenue for the period rose 14.3% to $10.172 billion from $8.900 billion last year.
Visa Inc. earnings at a glance (GAAP) :
-Earnings: $5.272 Bln. vs. $4.872 Bln. last year. -EPS: $2.69 vs. $2.40 last year. -Revenue: $10.172 Bln vs. $8.900 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Visa Inc. Reveals Rise In Q3 Income

The following companies are expected to report earnings after hours on 10/28/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Visa Inc. (V)is reporting for the quarter ending September 30, 2025. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.97. This value represents a 9.59% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.2%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for V is 30.40 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Booking Holdings Inc. (BKNG)is reporting for the quarter ending September 30, 2025. The internet company's consensus earnings per share forecast from the 13 analysts that follow the stock is $96.10. This value represents a 14.55% increase compared to the same quarter last year. In the past year BKNG has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8.82%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BKNG is 23.75 vs. an industry ratio of 21.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Mondelez International, Inc. (MDLZ)is reporting for the quarter ending September 30, 2025. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.72. This value represents a 27.27% decrease compared to the same quarter last year. MDLZ missed the consensus earnings per share in the 4th calendar quarter of 2024 by -1.52%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MDLZ is 20.42 vs. an industry ratio of 32.30.
Electronic Arts Inc. (EA)is reporting for the quarter ending September 30, 2025. The gaming company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.72. This value represents a 55.56% decrease compared to the same quarter last year. EA missed the consensus earnings per share in the 4th calendar quarter of 2024 by -5.65%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for EA is 32.60 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Seagate Technology Holdings PLC (STX)is reporting for the quarter ending September 30, 2025. The computer company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.11. This value represents a 50.71% increase compared to the same quarter last year. In the past year STX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.34%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for STX is 24.50 vs. an industry ratio of 27.10.
ONEOK, Inc. (OKE)is reporting for the quarter ending September 30, 2025. The oil/gas company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.46. This value represents a 23.73% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for OKE is 12.81 vs. an industry ratio of 9.30, implying that they will have a higher earnings growth than their competitors in the same industry.
CoStar Group, Inc. (CSGP)is reporting for the quarter ending September 30, 2025. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.10. This value represents a 44.44% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 60%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CSGP is 156.24 vs. an industry ratio of 14.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Veralto Corp. (VLTO)is reporting for the quarter ending September 30, 2025. The waste removal company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.95. This value represents a 6.74% increase compared to the same quarter last year. In the past year VLTO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.49%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for VLTO is 27.40 vs. an industry ratio of 59.10.
Bloom Energy Corporation (BE)is reporting for the quarter ending September 30, 2025. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.03. This value represents a 62.50% increase compared to the same quarter last year. BE missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -300%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BE is 5426.50 vs. an industry ratio of 146.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Expand Energy Corporation (EXE)is reporting for the quarter ending September 30, 2025. The alternative energy company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.91. This value represents a 468.75% increase compared to the same quarter last year. EXE missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -3.51%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EXE is 18.78 vs. an industry ratio of 146.60.
Equity Residential (EQR)is reporting for the quarter ending September 30, 2025. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.02. This value represents a 4.08% increase compared to the same quarter last year. In the past year EQR has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EQR is 15.83 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
PPG Industries, Inc. (PPG)is reporting for the quarter ending September 30, 2025. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.09. This value represents a 1.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for PPG is 13.50 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for October 28, 2025 : V, BKNG, MDLZ, EA, STX, OKE, CSGP, VLTO, BE, EXE, EQR, PPG

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in International Business Machines Corp (Symbol: IBM), where a total of 41,510 contracts have traded so far, representing approximately 4.2 million underlying shares. That amounts to about 67% of IBM's average daily trading volume over the past month of 6.2 million shares. Particularly high volume was seen for the $300 strike put option expiring December 19, 2025, with 2,761 contracts trading so far today, representing approximately 276,100 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $300 strike highlighted in orange:
Visa Inc (Symbol: V) options are showing a volume of 29,158 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 54.3% of V's average daily trading volume over the past month, of 5.4 million shares. Particularly high volume was seen for the $365 strike call option expiring October 31, 2025, with 1,519 contracts trading so far today, representing approximately 151,900 underlying shares of V. Below is a chart showing V's trailing twelve month trading history, with the $365 strike highlighted in orange:
And GE Vernova Inc (Symbol: GEV) options are showing a volume of 14,893 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 46.6% of GEV's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $440 strike put option expiring December 19, 2025, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of GEV. Below is a chart showing GEV's trailing twelve month trading history, with the $440 strike highlighted in orange:
For the various different available expirations for IBM options, V options, or GEV options, visit StockOptionsChannel.com.
Also see:
Cheap Materials Shares
CLBS YTD Return
SRV Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Tuesday Option Activity: IBM, V, GEV

Key Points
P&G, Coca-Cola, and McDonald’s can overcome this period of sluggish consumer spending.
Chevron continues to raise its dividend even in low-oil-price environments.
Visa doesn't need a booming economy to return gobs of cash to shareholders.
The S&P 500 is up 14.5% year to date and over 35% from its April lows. With valuations of many top companies extended, some investors may be wondering how long the market rally can last.
Investors looking for quality dividend stocks they can count on, even if there's a stock market sell-off, may want to take a closer look at stocks in the Dow Jones Industrial Average. With just 30 components, each Dow company is an industry leader that represents its stock market sector.
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Here's why Procter & Gamble (NYSE: PG), Coca-Cola (NYSE: KO), McDonald's (NYSE: MCD), Chevron (NYSE: CVX), and Visa (NYSE: V) are five Dow stocks that stand out as particularly good buys for passive income in 2026 and beyond.
Two of the highest-quality dividend stocks the market has to offer
Despite their different industries, Procter & Gamble and Coca-Cola are two very similar investment opportunities.
P&G has brands spanning multiple household and personal care categories for everyday use, including Tide laundry detergent, Gillette razors, Crest toothpaste, Pampers diapers, and more. Beyond its flagship soda, Coca-Cola owns Minute Maid, Topo Chico, Fairlife, Costa Coffee, BodyArmor, Sprite, Fanta, and more.
Both companies have seen sales and earnings growth dip in recent years as consumers pull back on spending. But because of their elite supply chains, marketing, and high margins, they have still been able to generate solid earnings and free cash flow to support their growing payouts.
Procter & Gamble has paid and raised its dividend for 69 consecutive years, while Coke has a 63-year streak -- making them Dividend Kings, which are companies that have at least 50 straight years of dividend raises.
Because of their consistent dividend increases, P&G and Coke have historically fetched premium valuations relative to the S&P 500. But both stocks are a great value right now, with P&G sporting a mere 21.8 forward price-to-earnings (P/E) ratio compared to a 10-year median of 25.7. Meanwhile, Coke has a 23.9 forward P/E compared to a 10-year median of 27.7.
P&G yields 2.8% and Coke yields 3%, making both stocks excellent choices for value investors looking to boost their passive income.
McDonald's is as recession-resistant as it gets in the restaurant industry
Many restaurant companies are struggling as consumers are looking to stretch their dollars. McDonald's has a history of providing tasty food, drinks, and snacks at affordable prices. But even its costs have gone up due to inflationary pressures.
Still, McDonald's has done a great job getting customers in the door with its mobile ordering, in-app rewards and deals, new menu items, and the return of its iconic Monopoly game, which lets customers experience the thrill of peeling pieces off select items and earning digital rewards.
Roughly 95% of McDonald's stores are owned by franchises -- which leads to consistent cash flow and high margins for McDonald's corporate. The business model makes McDonald's highly resistant to recessions.
With 49 consecutive years of increasing its payout and a 2.3% yield, McDonald's is a "safe" bet for generating dividend income.
Chevron's dividend is reliable despite swings in oil and gas prices
Oil prices are hovering around five-year lows due to lower demand and higher supply. In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration forecast a 2 million barrel per day increase in 2025 liquid fuels, largely due to higher production from non-OPEC+ countries like the U.S.
Low oil prices have led to sell-offs across the energy sector, especially for exploration and production companies. So, investors may be wondering why Chevron is up by more than 6% year to date.
Chevron is one of the highest-quality energy stocks due to its multiple production regions, massive downstream segment, and growing low-carbon business. The integrated major has a low cost of production, which allows it to generate positive cash flow even when prices are lower.
With 38 years of dividend raises and a 4.5% yield, Chevron stands out as a top high-yield dividend stock to buy now.
Visa has a near-perfect business model for returning cash to shareholders
Visa is by far the lowest-yielding stock on this list, with just a 0.7% yield. For context, the S&P 500 yields 1.2%. With a yield that low, you may be wondering if Visa even deserves to be considered a quality dividend stock. Visa is a great example of why it's more important to look at a company's entire capital return program rather than just its dividend.
For the nine months ended June 30, 2025, Visa paid $3.49 billion in dividends but $13.39 billion in stock buybacks. In other words, if it had used all of that money on dividends and didn't buy back stock, Visa would have a dividend yield around 2.7%.
The buybacks have been a better use of capital than dividends for shareholders, as Visa stock has crushed the S&P 500 over the long term. And by consistently buying back stock, Visa reduced its share count by 19.4% over the past decade, making the stock a better value because a lower share count boosts earnings per share.
As a payment processor, Visa collects transaction fees based on the volume and frequency of customer and business usage on its debit and credit cards. The banks and financial institutions that issue those cards bear the credit risk, not Visa.
Add it all up, and Visa's high margins and high cash flow business model make it an excellent stock for risk-averse investors to buy in 2026.
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Daniel Foelber has positions in Procter & Gamble. The Motley Fool has positions in and recommends Chevron and Visa. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Worried About a Stock Market Sell-Off? Consider These 5 Dow Jones Dividend Stocks For 2026.

Payments giant Mastercard Incorporated MA is set to report third-quarter 2025 results on Oct. 30, 2025, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $4.31 per shareon revenues of $8.5 billion.
The third-quarter earnings estimate increased by a penny over the past 60 days. The bottom-line projection indicates an increase of 10.8% from the year-ago reported number. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year growth of 15.4%.
Image Source: Zacks Investment Research
For full-year 2025, the Zacks Consensus Estimate for Mastercard’s revenues is pegged at $32.48 billion, implying a rise of 15.3% year over year. Also, the consensus mark for 2025 earnings per share is pegged at $16.34, implying a jump of around 11.9% on a year-over-year basis.
Mastercardhas a robust history of surpassing earnings estimates, beating the consensus estimate in each of the last four quarters, with the average surprise being 3.8%. This is depicted in the figure below.
Mastercard Incorporated Price and EPS Surprise
Q3 Earnings Whispers for Mastercard
Our proven model predicts a likely earnings beat for the company this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is precisely the case here.
MA has an Earnings ESP of +0.26% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
What’s Shaping Mastercard’s Q3 Results?
The Zacks Consensus Estimate for the company’s total Gross Dollar Volume (GDV) for all MA-branded programs suggests a 9.9% rise from the prior-year quarter’s reported figure, whereas our model predicts a nearly 8% increase. We expect GDV from domestic operations to increase by almost 8% year over year and 10.3% from European operations.
Switched transactions are expected to have experienced an upsurge, driven by resilient consumer spending and increased contactless acceptance initiatives pursued by the company. The Zacks Consensus Estimate for its switched transactions indicates a 9.3% rise from the prior-year quarter’s reported figure, whereas our estimate suggests a 7.2% increase.
Increasing cross-border travel is expected to have had a positive impact on Mastercard's cross-border volumes. As such, the consensus estimate for cross-border assessments suggests an increase of 15.2% compared with the previous year, while our projection indicates growth of 14.1%. Further, the consensus mark implies domestic assessments and transaction processing assessments to witness a 10.8% and 13.5% year-over-year increase, respectively.
The Zacks Consensus Estimate for Value-added Services and Solutions net revenues indicates 21.8% year-over-year growth, while our model estimate suggests a 21.5% increase in the third quarter. Growing demand for its consulting and marketing services and loyalty solutions is likely to have driven this metric.
The above-mentioned factors are expected to have positioned the company not only for year-over-year growth but also for a likely earnings beat. The positives are expected to have been partially offset by rising expenses, rebates and incentives.
Mastercard’s adjusted operating costs are likely to have increased in the third quarter due to higher G&A costs and Advertising & Marketing expenses. We expect total adjusted operating expenses to rise nearly 16% from the prior-year quarter’s actuals. Furthermore, our estimate for payments network rebates and incentives suggests a 14% year-over-year increase.
Mastercard’s Price Performance & Valuation
Mastercard's stock has exhibited an upward movement over the year-to-date period. Its increase of 8.7% has outperformed the industry’s 4.8% decline. In comparison, its peer, Visa Inc. V, hasjumped 10.1% during this time, while American Express Company AXP hasgained 21.9%. Meanwhile, the S&P 500 Index grew 16.7%, placing it below American Expressand above Visa and Mastercard.
Price Performance – MA, V, AXP, Industry & S&P 500
Image Source: Zacks Investment Research
Now, let’s look at the value Mastercardoffers investors at current levels.
The company’s valuation looks stretched compared with the industry average. Currently, Mastercardis trading at 30.89X forward 12-month earnings, above the industry’s 21.58X. In comparison, both Visa and American Express offer better value at the moment, trading at a forward P/E of 26.82X and 21.09X.
Image Source: Zacks Investment Research
How Should You Play Mastercard Ahead of Q3 Earnings?
Mastercard stands at a crossroads where innovation meets disruption. As giants like Walmart and Amazon plan to launch their own stablecoins to cut out the middlemen, Mastercard is not sitting idle. Instead of resisting change, it is weaving itself into the very fabric of the digital money revolution, linking traditional payments with the crypto economy through partnerships with major blockchain players.
Yet, the road ahead is not without obstacles. Regulators in both the United States and the U.K. are tightening their grip on market dominance and payment fees, testing Mastercard’s ability to adapt under scrutiny. But even with the pressure, its growth engines keep humming. From boosting digital security and fraud prevention to driving engagement through value-added services, Mastercard continues to evolve beyond the swipe.
Cash flow strength and consistent shareholder return highlight a business with deep resilience and confidence in its future. In a world shifting toward faster, decentralized finance, Mastercard’s role as the bridge between old money and new remains both its biggest challenge and greatest opportunity. However, investors must weigh that quality against a premium valuation, a sign that markets already recognize its strategic edge. With third-quarter earnings around the corner, investors may be wise to hold for now and wait for a more attractive entry point.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mastercard's Pre-Earnings Reality Check: Buy, Sell or Hold Before Q3?

(RTTNews) - Visa Inc(V) will host a conference call at 5:00 PM ET on October 28, 2025, to discuss Q4 25 earnings results.
To access the live webcast, log on to https://investor.visa.com/events-calendar/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Visa Inc Q4 25 Earnings Conference Call AT 5:00 PM ET

PayPal PYPL is set to report its third-quarter 2025 results on Oct. 28.
PYPL expects low to mid-single-digit or approximately 4% revenue growth on a currency-neutral basis for the to-be-reported quarter. Non-GAAP earnings are expected between $1.18 per share and $1.22 per share, or roughly in line with the prior year at the midpoint.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $8.25 billion, indicating an increase of 5.18% from the year-ago quarter’s reported figure.
The consensus mark for earnings stands at $1.19 per share, down by a penny over the past week, calling for a fall of 0.83% from the figure reported in the year-ago quarter.
Image Source: Zacks Investment Research
For 2025, the Zacks Consensus Estimate for PayPal’s revenues is pegged at $33.14 billion, implying a rise of 4.21% year over year. The consensus mark for full-year EPS stands at $5.23, calling for a 12.47% year-over-year jump.
This digital payment company has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average beat being 9.94%.
Q3 Earnings Whispers for PYPL
Our proprietary model does not conclusively predict an earnings beat for PayPal this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
PayPal has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Shaping PayPal’s Q3 Results
PayPal is transforming into a full commerce platform, extending beyond payments by leveraging advanced, data-driven tools to boost merchant growth and consumer loyalty. The company is focused on making its online payment experience faster, easier, and more rewarding, so more customers choose PayPal at the checkout page. It is also heavily investing in AI for personalized commerce, fraud detection and expanding crypto integration within its app.
PYPL’s third-quarter results are expected to reflect portfolio strength and a rich partner base. It is expected to have benefited from its scale, diversification and balance sheet strength, which are supporting its growth efforts. During the third quarter, the company continued to make progress on its transformation efforts and is likely to have gained from consumers and merchants expanding usage of PayPal.
In the quarter under consideration, Paypal is expected to have benefited from an improving Total Payment Volume (“TPV”). The metric is likely to have gained from a strong relationship between the company and its merchants and consumers. PYPL is expected to have experienced healthy Branded checkout TPV growth, backed by strength across large enterprise platforms, marketplaces within PayPal checkout and Pay with Venmo.
During the third quarter, PayPal made some strategic moves to generate business. The company signed a two-year agreement with Blue Owl Capital, allowing Blue Owl managed funds to buy about $7 billion worth of PayPal’s “Pay in 4” loans originated in the United States. It also teamed up with Google to deliver frictionless digital commerce experiences. PayPal launched PayPal links for easy money transfers through a personalized, one-time link. It gave early access to Perplexity’s Comet browser for U.S. and some global users. It also introduced PayPal World for seamless global wallet interoperability.
Despite strong fundamentals and increasingly diversified offerings, PayPal is likely to have faced competitive pressure from other digital wallets. Broader macroeconomic pressures and uncertainty surrounding the tariff policy could have also affected its third-quarter results.
Q3 Projections for PYPL
The Zacks Consensus Estimate for PayPal’s Transaction revenues is pegged at $7.44 billion, which suggests a 5.2% increase from the year-ago quarter.
PYPL is also poised to benefit from its value-added services. Its consensus mark for revenues from other value-added services is pegged at $825.1 million for the third quarter, up from $780 million in the year-ago period.
PayPal anticipates its third-quarter transaction margin dollars to range between $3.76 billion and $3.82 billion, indicating a 4% year-over-year increase at the midpoint. When excluding interest on customer balances, the company forecasts midpoint growth of around 6% in transaction margin dollars.
The consensus mark for TPV is pegged at $448.938 billion, indicating 6.2% year-over-year growth. Paypal’s active accounts are likely to reach 439.1 million, which denotes an increase from the year-ago value of 432 million.
However, estimates for the number of payment transactions stand at 6.558 billion, which is below the company’s reported figure of 6.631 billion in the same quarter last year. The consensus mark for transaction margin is pegged at 45.9%, down from the year-ago figure of 46.6%.
PayPal remains focused on controlling its cost structure while allocating resources toward critical growth initiatives. PayPal expects its non-transaction operating expenditure to grow by a high-single-digit percentage in the third quarter. This increase is mainly due to ongoing investments in technology and new product launches, along with some marketing expenses being shifted to this period.
PYPL’s Price Performance & Valuation
Paypal shares have declined 18.2% year to date. The Zacks Financial Transaction Services decreased 4.8%, while the S&P 500 rose 16.7% for the same period. Rivals like Visa Inc. V and Mastercard Incorporated MA continue to expand their offerings, challenging PayPal’s dominance in digital payments.
Compared to its peers, PayPal’s performance has been notably weaker. While PYPL has struggled, Visa shares have climbed 10%, and Mastercard has risen 9% over the same timeframe.
Image Source: Zacks Investment Research
From a valuation standpoint, PayPal shares are trading cheap, as suggested by the Value Score of A. In terms of forward 12-month P/E, PYPL stock is trading at 12.25X compared with the Zacks Financial Transaction Services industry’s 21.58X.
Shares of Visa and Mastercard are currently trading at P/E of 26.08X and 30.97X, respectively.
Image Source: Zacks Investment Research
PYPL: Buy, Sell or Hold?
Although PayPal’s stock has struggled this year, the company is working on a major strategic shift. PayPal is evolving from being a simple payment processor into a holistic commerce partner. By merging PayPal’s services into a single platform, it’s strengthening the connections between consumers and merchants. PayPal is focusing on improving its user experience, deepening relationships with merchants, and expanding across global markets. These key actions could unlock long-term growth for the company.
Apart from riding on the growing demand for peer-to-peer payments and digital wallets and offering a good scope for growth, PayPal is trading cheap, and the current price offers a good entry point for investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Visa Inc.

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