Payments network total cross-border volume measures payment activity where the issuing country differs from the merchant country, including intra-European transactions.
Visa reported 13% constant-dollar growth and 15% nominal growth in total cross-border volume in fiscal Q3 2026.
Total cross-border growth is broader than the international-revenue driver
The total measure is useful for tracking international network activity, but Visa separately reports cross-border volume excluding intra-Europe when discussing international transaction revenue. Travel, cross-border ecommerce, foreign exchange, and regional mix can all influence the relationship between volume and revenue.
Read it with cross-border volume excluding intra-Europe and payments volume to distinguish international mix from overall purchase activity.
Primary source: Visa fiscal Q3 2026 earnings release filed with the SEC.
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Compare global network activity
Compare total cross-border payment growth while keeping regional mix and currency effects visible.
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