Visa Fourth-Quarter Earnings Rise as Volumes Climb

Visa Inc. (V) reported on Oct. 27, 2026, that its fiscal fourth-quarter earnings reflected increased network use and stronger full-year results. The board also raised the quarterly cash dividend and outlined capital returns for fiscal 2026.

Quarterly Results and Operating Metrics

For the quarter ended Sept. 30, 2026, Visa said net revenue reached $12.1 billion, up 13% year over year on both nominal and constant-dollar bases. GAAP net income rose 18% to $6.0 billion, or $3.19 per diluted share, a 22% increase per share. On a non-GAAP basis, net income was $6.6 billion, or $3.48 per share, a 17% gain year over year. The company attributed these gains to heavier use of its payment network.

Payment volume increased 9% during the quarter, while cross-border volume rose 14%, excluding intra-Europe transactions. Processed transactions climbed 10% to 74.2 billion, reflecting broader growth in card activity across Visa’s network. These operating metrics supported the quarter’s revenue and profit expansion.

Visa distributed the results announcement at 4:05 p.m. ET and scheduled an earnings webcast for 5:00 p.m. ET to discuss the quarter and full year.

Full-Year Results and Capital Returns

For fiscal 2026, Visa reported net revenue of $45.9 billion, up 15% (14% on a constant-dollar basis). GAAP net income increased 17% to $23.5 billion, or $12.32 per share, while non-GAAP net income rose 12% to $25.3 billion, or $13.27 per share. The company framed the quarter as part of a broader year of scale and expansion.

Visa returned $5.2 billion to shareholders through share repurchases and dividends in the fourth quarter and $25.6 billion for the full fiscal year. The board raised the quarterly cash dividend 16% to $0.780 per Class A common share, payable Dec. 1, 2026, to shareholders of record Nov. 10, 2026. This capital deployment followed the year’s revenue and profit gains.