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Visa, Inc(V)2025财年10-K年度报告「NYSE」(英文版)(143页).pdf

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1、Table of ContentsUNITED STATES SECURITIES AND EXCHANGE COMMISSIONWASHINGTON,D.C.20549FORM 10-KANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September 30,2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE AC

2、T OF 1934For the transition period from to Commission file number 001-33977VISA INC.(Exact name of Registrant as specified in its charter)Delaware 26-0267673(State or other jurisdictionof incorporation or organization)(IRS EmployerIdentification No.)P.O.Box 8999 94128-8999San Francisco,California(Ad

3、dress of principal executive offices)(Zip Code)(650)432-3200(Registrants telephone number,including area code)Securities registered pursuant to Section 12(b)of the Act:Title of each classTradingsymbolName of each exchange on which registeredClass A Common Stock,par value$0.0001 per shareVNew York St

4、ock Exchange1.500%Senior Notes due 2026V26New York Stock Exchange2.250%Senior Notes due 2028V28New York Stock Exchange2.000%Senior Notes due 2029V29New York Stock Exchange3.125%Senior Notes due 2033V33New York Stock Exchange2.375%Senior Notes due 2034V34New York Stock Exchange3.500%Senior Notes due

5、2037V37New York Stock Exchange3.875%Senior Notes due 2044V44New York Stock ExchangeSecurities registered pursuant to Section 12(g)of the Act:Class B-1 common stock,par value$0.0001 per shareClass B-2 common stock,par value$0.0001 per shareClass C common stock,par value$0.0001 per share(Title of each

6、 class)Indicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d)of the Act.Yes No Indicate by check mark whether the registrant(

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1. **核心业务**:Visa是全球数字支付领导者,通过VisaNet网络提供交易处理服务(授权、清算、结算),连接消费者、金融机构和商家,覆盖200+国家/地区,2025财年处理3290亿笔交易,支付总额17万亿美元。 2. **收入结构**:净收入包括服务收入(支持客户使用支付服务)、数据处理收入(交易处理)、国际交易收入(跨境及货币转换)及其他收入,扣除客户激励。 3. **增长战略**:聚焦三大支柱——消费者支付(CP)、商业与资金流动解决方案(CMS)、增值服务(VAS),目标捕获超40万亿美元消费支出及200万亿美元商业支付机会。 4. **技术创新**:推广“Tap to Everything”(接触式支付)、代币技术(160亿代币)、Visa Direct(年处理125亿笔交易)及稳定币结算(年化25亿美元)。 5. **市场地位**:拥有近50亿支付凭证,支持175万商家,品牌赞助世界杯、奥运会等,强化全球支付生态领导力。
**Visa战略?** **支付创新?** **稳定币前景?**
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