Visa acquired Featurespace Limited in December 2024 for $946 million. This acquisition is expected to enhance Visa's real-time artificial intelligence payments protection technology, which prevents and mitigates payments fraud and financial crime risks.

Revenue from value-added services increased 23% and 20% over the three and six-month prior-year comparable periods, respectively. This growth is primarily due to growth in issuing solutions, advisory, and other services and acceptance solutions.

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

Visa repurchased 26 million shares of Class A common stock for $8.4 billion in the six months ended March 31, 2025. In April 2025, the board authorized a new $30.0 billion share repurchase program, indicating continued confidence in the company's financial position.

Visa declared and paid dividends of $2.3 billion for the six months ended March 31, 2025, an increase from the prior year. A quarterly cash dividend of $0.59 per share was declared in April 2025.

Severance costs were recorded within personnel expense to realign the organizational structure and focus on areas that will drive higher long-term growth. This indicates management's effort to improve operational efficiency.

Additional accruals of $1.0 billion were recorded to address claims associated with the interchange multidistrict litigation, and $375 million was deposited into the U.S. litigation escrow account. This highlights the ongoing financial risk associated with this litigation.

The Company's settlement exposure is limited to the amount of unsettled Visa payment transactions at any point in time, which vary significantly day to day. For the six months ended March 31, 2025, the Company's maximum daily settlement exposure was $153.4 billion.

For the three and six months ended March 31, 2025, a $222 million tax benefit as a result of a tax position taken on certain expenses, partially offset by a $71 million tax expense related to the resolution of a tax matter.

Payments volume is the primary driver for service revenue, and the number of processed transactions is the primary driver for data processing revenue. This indicates a strong position in the market.

For the three and six months ended March 31, 2025, exchange rate movements lowered net revenue growth by approximately two percentage points and one percentage point, respectively. This highlights the sensitivity of Visa's revenue to global currency fluctuations.

Visa continues to invest in its technology and processing network. This is essential to maintain its competitive advantage and support future growth.

Non-GAAP operating expenses increased at a lower rate than GAAP operating expenses (7% vs 22% for the quarter), indicating that the underlying operational costs are being managed effectively, despite the impact of litigation accruals.

The company recorded severance costs within personnel expense to realign its organizational structure. This suggests an effort to streamline operations and improve efficiency.

Higher client incentives partially offset the growth in processed transactions, nominal cross-border volume, and nominal payments volume. This indicates the need to manage client incentive programs effectively to maximize revenue.

Visa acquired Featurespace Limited (Featurespace), a developer of real-time artificial intelligence payments protection technology that prevents and mitigates payments fraud and financial crime risks, for a purchase consideration of $946 million.

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

Data processing revenue increased over the three and six-month prior-year comparable periods primarily due to growth in processed transactions of 9% and 10%, respectively.

In April 2025, the Company's board of directors authorized a new $30.0 billion share repurchase program, providing multi-year flexibility. This indicates a commitment to returning capital to shareholders.

For the six months ended March 31, 2025, the Company declared and paid dividends of $2.3 billion. This demonstrates a consistent approach to returning capital to shareholders.

Visa acquired Featurespace Limited (Featurespace), a developer of real-time artificial intelligence payments protection technology that prevents and mitigates payments fraud and financial crime risks, for a purchase consideration of $946 million.

The provided 10-Q filing does not explicitly mention any specific environmental, social, or governance (ESG) initiatives or related disclosures. This suggests that ESG factors may not be a primary focus in this particular report.

Total nominal payments volume increased by 7% over the three months ended December 31, 2024. This indicates a positive trend in consumer spending and economic activity.

around the implementation of a 15% global minimum tax (Pillar Two). Various OECD member countries have either enacted or are in the process of enacting Pillar Two legislation.

For the three and six months ended March 31, 2025, exchange rate movements lowered net revenue growth by approximately two percentage points and one percentage point, respectively.