Visa boosts dividend, launches new $20B buyback program

Visa ( (V) ) has provided an update.

On April 28, 2026, Visa’s board declared a quarterly cash dividend of $0.670 per share of class A common stock, payable June 1, 2026, to shareholders of record as of May 12, 2026, underscoring continued capital returns alongside an announced new $20 billion multi-year share repurchase authorization. During the fiscal second quarter ended March 31, 2026, the company returned a total of $9.2 billion through share repurchases and dividends, supported by strong cash and investment securities of $14.2 billion.

For the fiscal second quarter of 2026, reported on April 28, Visa delivered net revenue of $11.2 billion, up 17% year over year, with GAAP net income of $6.0 billion and non-GAAP net income of $6.3 billion, reflecting robust gains in payments volume, cross-border activity and processed transactions. GAAP EPS rose 36% to $3.14 and non-GAAP EPS increased 20% to $3.31, while operating expenses declined 4% on a GAAP basis due to lower litigation provisions even as non-GAAP operating costs climbed 17% on higher personnel and marketing spend.

Key business drivers in the quarter included a 9% rise in payments volume for the three months ended March 31, 2026, an 11% increase in cross-border volume excluding intra-Europe and a 9% gain in total processed transactions to 66.1 billion, all on a constant-dollar basis versus the prior year. Service revenue rose 13% to $5.0 billion, data processing revenue climbed 18% to $5.5 billion, international transaction revenue increased 10% to $3.6 billion and other revenue jumped 41% to $1.3 billion, partly offset by a 14% increase in client incentives to $4.2 billion.

Chief Executive Officer Ryan McInerney highlighted that the 17% net revenue growth was Visa’s strongest since 2022, driving EPS expansion and reflecting resilient consumer spending and momentum across consumer payments, commercial and money movement solutions and value-added services. He emphasized ongoing enhancements to the company’s “Visa as a Service” technology stack, including new agentic and stablecoin capabilities, aimed at reinforcing Visa’s role as a leading global payments hyperscaler and supporting multi-year growth.

Among other notable capital and risk management actions, on February 12, 2026, Visa issued $3.0 billion of fixed-rate senior notes with maturities between three and ten years and coupons ranging from 3.8% to 4.7% to fund general corporate purposes, including potential refinancing of existing debt. On February 26, 2026, the company deposited $125 million into its litigation escrow account under its U.S. retrospective responsibility plan, a move that effectively reduced class B share counts and had the same per-share earnings effect as a stock repurchase.

Visa also moved to deepen its presence in Latin America when, in February 2026, it announced and completed the acquisition of Argentina-based Prisma Medios de Pago S.A.U., a processor of credit, debit and prepaid card issuance, and Newpay S.A.U., a multi-network infrastructure provider operating real-time payments services, the Banelco ATM network and bill payment capabilities. These deals are set to expand Visa’s processing footprint and real-time payments infrastructure in the region, strengthening its competitive positioning in a key growth market and enhancing its end-to-end capabilities for issuers and financial institutions.

The most recent analyst rating on (V) stock is a Hold with a $340.00 price target. To see the full list of analyst forecasts on Visa stock, see the V Stock Forecast page.

Spark’s Take on V Stock

According to Spark, TipRanks’ AI Analyst, V is a Outperform.

The score is driven primarily by strong financial performance (excellent margins and cash generation) and a positive, steady outlook from the latest earnings call. These strengths are tempered by weaker technical momentum (below key longer-term moving averages with negative MACD) and a relatively rich valuation (high P/E and low yield), with corporate events modestly positive but adding some incremental leverage.

To see Spark’s full report on V stock, click here.

More about Visa

Visa Inc., based in San Francisco and listed on the NYSE under the ticker V, operates in the global payments industry as a leading network for consumer and commercial transactions. The company generates revenue from payments processing, cross-border transactions, data processing and value-added services, positioning itself as a major hyperscale infrastructure provider for digital money movement worldwide.

Its business model centers on driving payments volume, international transaction flows and processed transactions for issuers, merchants and financial institutions, while expanding into money movement solutions and services across markets such as Latin America and Europe.

Average Trading Volume: 7,479,464

Technical Sentiment Signal: Hold

Current Market Cap: $589.8B

For detailed information about V stock, go to TipRanks’ Stock Analysis page.