Visa Q3 FY2026: revenue up 14% to $11.63 billion, non-GAAP EPS $3.32
Visa's fiscal third quarter was strong on the top line but a narrow beat where it counts: net revenue rose 14% to $11.63 billion and non-GAAP EPS of $3.32 landed about three cents above the $3.2923 consensus. The view is Neutral. Read the scorecard for what grew, then the expense and client-incentive lines for what is quietly absorbing that growth.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.97 was up 10% year over year and non-GAAP EPS of $3.32 was up 11%, about $0.03 (0.8%) above the $3.2923 consensus. The gap between the two is mostly $563 million of severance costs, a $237 million litigation provision on the interchange MDL case and $78 million of intangible amortization and acquisition costs, partly offset by an $18 million deferred tax benefit. Net income of $5.63 billion works out to 48.4 cents of profit for every dollar of revenue.
Net revenue of $11.63 billion rose 14% from $10.17 billion a year earlier, and 13% in constant dollars. Data processing revenue did the heavy lifting at $6.04 billion, up 17%, while service revenue rose 14% to $4.92 billion and other revenue jumped 45% to $1.50 billion. The soft spot is international transaction revenue, up just 6% to $3.85 billion.
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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 2026-09-17
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