Visa acquired Featurespace Limited, a developer of real-time artificial intelligence payments protection technology, for $946 million. This acquisition aims to strengthen Visa's capabilities in preventing and mitigating payments fraud and financial crime risks.

Revenue from value-added services increased 17% year-over-year, reaching $2.4 billion. This growth was primarily driven by consulting and marketing services, issuing solutions, and risk and identity solutions.

Visa recorded severance costs within personnel expense to realign its organizational structure and focus on areas that will drive higher long-term growth. This indicates a proactive approach to optimizing the organization for future opportunities.

Visa repurchased 13 million shares of class A common stock for $3.9 billion during the quarter and declared and paid dividends of $1.2 billion. This demonstrates a commitment to returning value to shareholders.

Visa recorded an additional accrual of $27 million to address claims associated with the interchange multidistrict litigation. The Company is unable to estimate a potential loss or range of loss, if any, at trial if negotiated resolutions cannot be reached.

Nominal payments volume increased by 5% in the U.S. and 8% internationally, indicating a healthy competitive position in the payments industry. This growth is a key driver of Visa's revenue.

While GAAP operating expenses increased 22%, non-GAAP operating expenses increased only 11%. This suggests that management is actively managing costs and focusing on core operational efficiency.

The company recorded a charge within general and administrative expense associated with the consolidation of certain leased office spaces. This is a one-time cost that should improve operational efficiency in the long run.

The acquisition of Featurespace, a developer of real-time AI payments protection technology, demonstrates Visa's commitment to innovation in fraud prevention and security.

Network and processing expenses increased over the three-month prior-year comparable period primarily due to continued technology and processing network investments to support growth.

Visa repurchased $3.9 billion of its class A common stock, indicating a continued focus on returning capital to shareholders. Remaining authorized funds for share repurchases were $9.1 billion as of December 31, 2024.

On January 28, 2025, the board of directors declared a quarterly cash dividend of $0.59 per share of class A common stock. This demonstrates a continued commitment to returning capital to shareholders.

The company is monitoring developments and evaluating the potential impact of Pillar Two on future years. This indicates an awareness of and preparation for changes in the global tax environment.