Thrivent Financial for Lutherans increased its stake in Visa by 6.2 percent during the third quarter, acquiring an additional 89,593 shares and bringing its total holding to 1,543,383 shares. This holding now represents 1.0 percent of Thrivent’s overall portfolio and ranks as its twelfth largest position. The total value of the Visa shares in Thrivent’s portfolio stands at approximately 526.9 million, according to the latest Form 13F filing, underscoring the firm’s continued confidence in the credit-card processor’s long-term growth prospects.

In its most recent quarter, Visa delivered earnings per share of 3.17, surpassing the consensus estimate of 3.14, while generating revenue of 10.90 billion, ahead of the 10.69 billion forecast. Payment volumes rose by mid-single digits year-over-year, driven by strong holiday spending and growth in cross-border transactions. Return on equity reached a record 62.1 percent, and net profit margin exceeded 50 percent, reflecting robust operating leverage. These results reinforce Visa’s ability to convert transaction growth into bottom-line expansion.

Visa is advancing into stablecoin settlement and digital-dollar networks to capture new fee pools, while expanding credentials and agentic commerce capabilities. Several research firms have upgraded their outlooks, with price targets lifted into the high three-hundreds and multiple buy or outperform ratings reaffirmed. The board also declared a quarterly dividend of 0.67 per share, representing an annualized payout ratio of approximately 25 percent. Investors weighing active-management strategies continue to view Visa’s technology investments and premium fee structure as key drivers of mid-term revenue growth.