Visa’s fiscal fourth-quarter earnings release on October 27 confirmed 10% constant-dollar payments volume growth for the three months ended June 30—the period driving Q4 service revenue—placing the figure squarely in the 9.5%–10.5% range and aligning with the 99.9% market-implied odds. This outcome reflected sustained consumer spending and cross-border activity, with total Q4 payments volume at 9%, cross-border volume rising 14%, and processed transactions up 10%, all on a constant-dollar basis. Net revenue reached $12.1 billion, a 13% increase, while non-GAAP EPS of $3.48 beat consensus by $0.04. Traders priced in this result given the company’s consistent high-single to low-double-digit volume trends and limited volatility around the print. A material revision to the reported figure or unexpected restatement remains the primary scenario that could still shift resolution.