Visa fiscal Q3 2026 revenue $11.6B, up 14% YoY

Colleen Cabili Tue, July 28, 2026 at 1:23 PM PDT | 2 min read

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Overview

Visa reported fiscal third-quarter results on Tuesday, posting net revenue of $11.6 billion — a 14% increase over the prior year — driven by growth in payments volume, cross-border volume, and processed transactions.

Key Financial Results

• GAAP net income: $5.6 billion ($2.97 per share), up 7% and 10%, respectively, from the prior year.
• Non-GAAP net income (excluding special items): $6.3 billion ($3.32 per share), increases of 8% and 11% over the prior year.

Operational Metrics

For the three months ended June 30:

• Payments volume: Grew 10% on a constant-dollar basis.
• Total processed transactions: 71.7 billion, a 10% increase year-over-year.
• Cross-border volume (excluding transactions within Europe): Up 12% on a constant-dollar basis.
• Total cross-border volume: Increased 13%.

Revenue Breakdown

| Category | Revenue | Year-over-Year Change | |---|---|---| | Data processing revenue | $6.0 billion | +17% | | Service revenue | $4.9 billion | +14% | | International transaction revenue | $3.9 billion | +6% | | Other revenue | $1.5 billion | +45% | | Client incentives | $4.7 billion | +18% |

Operating Expenses

GAAP operating expenses were $4.8 billion for the quarter, a 19% increase over the prior year, driven by higher personnel costs. Current-quarter results included:

• $563 million in severance costs
• $237 million litigation provision tied to the interchange multidistrict litigation case
• Other special items

CEO Commentary

"Consumer and business spending remains resilient, and our strategy continues to deliver strong performance across consumer payments, commercial and money movement solutions and value-added services."

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— Ryan McInerney, Chief Executive Officer

Shareholder Returns

During the quarter, Visa returned $6.2 billion to shareholders through:

• Share repurchases: Approximately 14.5 million shares of Class A common stock at an average cost of $330.71 per share, totaling $4.9 billion.
• Remaining authorized funds for share repurchases: $28.4 billion as of June 30.
• Dividend: The board declared a quarterly cash dividend of $0.670 per share, payable September 1 to holders of record as of August 11.

Workforce Reduction

The earnings report came on the same day Visa announced plans to eliminate roughly 2,600 jobs (about 7% of its total workforce), with cuts affecting technology and product teams. McInerney noted that artificial intelligence is helping to accelerate the transition and shape how work gets done at the company.

Cash Position

Cash, cash equivalents, and investment securities totaled $13.9 billion as of June 30.

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