Visa FY2026: revenue up 15.0%, EPS up 16.0% to $13.27
Visa closed fiscal 2026 with $45.90 billion of net revenue, up 15.0%, and non-GAAP EPS of $13.27, up 16.0% — a strong year whose fourth quarter landed just under the consensus EPS line. Read the quarter first for momentum, then the balance sheet, because the headline profit is increasingly shaped by litigation charges and buybacks rather than by the payments network alone.
1 · Expected vs. Actual
Free preview belowFull-year GAAP EPS was $12.32 and non-GAAP EPS was $13.27, up 21.0% and 16.0% respectively. The fourth quarter's non-GAAP $3.48 came in just below the $3.5055 consensus estimate in our data, a shortfall of roughly 0.7%. Non-GAAP net income grew 12.0% while non-GAAP EPS grew 16.0%, so about four points of the per-share gain came from a diluted share count that fell to 1.91 billion from 1.97 billion.
Full-year net revenue of $45.90 billion rose 15.0%, and the fourth quarter alone brought in $12.14 billion, up 13.0%. The engine was volume: processed transactions hit 74.2 billion in the quarter, up 10.0%, and total cross-border volume rose 14.0%. One drag to watch — client incentives jumped 21.0% in the quarter to $5.12 billion, faster than revenue itself.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-06
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.