OpenNashEarnings

Payments · NYSE: V

Visa earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends September · next results expected around 28 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Visa reported fiscal fourth quarter net revenue of $12.1B, an increase of 13% on a nominal and constant-dollar basis, with GAAP net income of $6.0B or $3.19 per share and non-GAAP net income of $6.6B or $3.48 per share.

Visa closed fiscal 2026 with fourth-quarter net revenue of $12.1B, up 13%, and full-year net revenue of $45.9B, up 15%. Payments volume grew 9%, cross-border volume 14% and processed transactions 10%. Non-GAAP EPS of $3.48 was up 17%, helped by a lower tax rate. Value-added services was the standout, growing 31% in constant dollars in the quarter. The board raised the quarterly dividend 16% to $0.780 per share.

Read the Q4 FY2026 summary →Q4 FY2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$12.1B+13.2% y/yQ4 FY26
Q1 FY25: $9.5BQ1 25$9.5BQ2 FY25: $9.6BQ2 25$9.6BQ3 FY25: $10.2BQ3 25$10.2BQ4 FY25: $10.7B (worked out from the annual figure)Q4 25$10.7BQ1 FY26: $10.9BQ1 26$10.9BQ2 FY26: $11.2BQ2 26$11.2BQ3 FY26: $11.6BQ3 26$11.6BQ4 FY26: $12.1B (worked out from the annual figure)Q4 26$12.1B

Fourth quarter worked out from the annual figure.

Data
Q1 FY25$9.5B
Q2 FY25$9.6B
Q3 FY25$10.2B
Q4 FY25$10.7B *
Q1 FY26$10.9B
Q2 FY26$11.2B
Q3 FY26$11.6B
Q4 FY26$12.1B *
Operating margin59.8%+2.5 pts y/yQ4 FY26
Q1 FY25: 65.6%Q1 2565.6%Q2 FY25: 56.6%Q2 2556.6%Q3 FY25: 60.7%Q3 2560.7%Q4 FY25: 57.3%Q4 2557.3%Q1 FY26: 61.8%Q1 2661.8%Q2 FY26: 64.4%Q2 2664.4%Q3 FY26: 59.1%Q3 2659.1%Q4 FY26: 59.8%Q4 2659.8%
Data
Q1 FY2565.6%
Q2 FY2556.6%
Q3 FY2560.7%
Q4 FY2557.3%
Q1 FY2661.8%
Q2 FY2664.4%
Q3 FY2659.1%
Q4 FY2659.8%
Free cash flow$6.9B+17.8% y/yQ4 FY26
Q1 FY25: $5.1BQ1 25$5.1BQ2 FY25: $4.4BQ2 25$4.4BQ3 FY25: $6.3BQ3 25$6.3BQ4 FY25: $5.8BQ4 25$5.8BQ1 FY26: $6.4BQ1 26$6.4BQ2 FY26: $2.6BQ2 26$2.6BQ3 FY26: $6.1BQ3 26$6.1BQ4 FY26: $6.9BQ4 26$6.9B
Data
Q1 FY25$5.1B
Q2 FY25$4.4B
Q3 FY25$6.3B
Q4 FY25$5.8B
Q1 FY26$6.4B
Q2 FY26$2.6B
Q3 FY26$6.1B
Q4 FY26$6.9B

Operating cash flow minus capital expenditure, from cash flow statements.

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$9.5B$9.6B$10.2B$10.7Bd$10.9B$11.2B$11.6B$12.1Bd
Operating income$6.2B$5.4B$6.2B$6.1Bd$6.7B$7.2B$6.9B$7.3Bd
Operating margin65.6%56.6%60.7%57.3%61.8%64.4%59.1%59.8%
Net income$5.1B$4.6B$5.3B$5.1Bd$5.9B$6.0B$5.6B$6.0Bd
Operating cash flow$5.4B$4.7Bd$6.7Bd$6.2Bd$6.8B$3.0Bd$6.6Bd$7.4Bd
Capital expenditure$345.0M$327.0Md$421.0Md$389.0Md$378.0M$383.0Md$417.0Md$493.0Md
Free cash flow$5.1B$4.4B$6.3B$5.8B$6.4B$2.6B$6.1B$6.9B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings