Visa fiscal Q3 2026 earnings: revenue up 14%, EPS rises

Visa reported fiscal third-quarter 2026 results on July 28, with net revenue of $11.6 billion, a 14% increase year-over-year, driven by growth in payments volume, cross-border volume, and processed transactions. GAAP net income was $5.6 billion ($2.97 per share), up 7% and 10% respectively, while non-GAAP net income reached $6.3 billion ($3.32 per share). Payments volume grew 10% on a constant-dollar basis, and total processed transactions hit 71.7 billion, also up 10%. Cross-border volume excluding intra-Europe transactions rose 12%. Data processing revenue increased 17% to $6.0 billion, and service revenue grew 14% to $4.9 billion. GAAP operating expenses rose 19% to $4.8 billion, including $563 million in severance costs and a $237 million litigation provision. Visa announced plans to eliminate about 2,600 jobs (7% of workforce), citing AI-driven transformation. The company returned $6.2 billion to shareholders via buybacks and dividends, with $28.4 billion remaining in authorized repurchase funds.