Visa (V) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

3.21

Last Year’s EPS

2.98

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 25 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Apr 28, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational momentum and financial outperformance: robust revenue and EPS growth, accelerating value-added services and commercial/money-movement revenue, notable progress in stablecoin/on-chain initiatives, sizable capital returns and raised guidance. Near-term headwinds were noted — primarily geopolitical impacts in the Middle East/CEMEA, incentives/timing variability, volatility comparables and modest increases in non-operating expense — but management presented these as manageable and offset by diversified growth drivers and strategic investments.

Company Guidance

Visa raised its full-year adjusted (non‑GAAP, constant‑dollar, acquisition‑adjusted) outlook, now expecting net revenue growth in the low double‑digits to low teens and adjusted EPS growth in the low teens; full‑year operating expense growth is forecasted in the low double‑digit to low‑teen range, non‑operating expense about $150 million, and a tax rate of 18–18.5% (closer to the low end). Key assumptions include continued consumer spend stability, no material change to pricing (with new pricing effective in H2), no material change to incentives (but a step‑up in incentive growth from Q2 to Q3 as comps lap Q3 2025), higher volatility assumptions for Q3/Q4 (back to original October guidance), and stronger value‑added services driven in part by FIFA. For Q3 (adjusted) they expect net revenue growth in the low double‑digits, operating expense growth in the low teens, non‑operating expense of about $55 million, a tax rate around 18.5% and EPS growth in the mid‑ to high‑single digits, with an implied ~1‑point step‑up in net revenue growth into Q4; acquisitions (Prisma/Newpay) are expected to add ~1 point to full‑year net revenue (~1.5 points to op expense and ~0.5 point to EPS) and ~1.5 points to Q3 net revenue (~2 points to Q3 op expense and ~0.5 point to Q3 EPS).

Strong Revenue and EPS Performance

Net revenue $11.2B, up 17% year-over-year (16% in constant dollars); non-GAAP EPS $3.31, up 20% year-over-year — strongest net revenue growth since 2022 and the strongest ex-post-pandemic and Visa Europe acquisition since 2013.

Payments Volume and Transaction Growth

Payments volume $3.7T, up 9% year-over-year in constant dollars; processed transactions 66B, up 9% year-over-year — broad-based global growth with U.S. volume +8% and total international volume +10% (constant dollars).

Value-Added Services (VAS) Momentum

VAS now ~30% of net revenue and grew 27% year-over-year in constant dollars to $3.3B (Ryan highlighted VAS growing 25%+); performance driven by AI-enabled products, marketing services, authorization/fraud tools and client engagements.

Commercial & Money Movement Strength

Commercial and money movement solutions revenue grew 24% in constant dollars; commercial payments volume +11% (constant dollars); Visa Direct endpoints >18B and Visa Direct transactions 3.7B in Q2, up 23% year-over-year.

Stablecoin and On-Chain Payments Progress

Over 160 stablecoin card programs; stablecoin-linked payment volume up nearly 200% year-over-year in Q2; stablecoin settlement run-rate ~$7B annually, up >50% since last quarter; added 5 blockchains (total 9) and operating validator/super-validator roles.

AI & Agentic Commerce Positioning

Launched Visa Large Transaction Model and Visa CLI proof-of-concept; AI-enabled fraud/risk tools showing up to 5x increase in fraud value capture; company positioning as a payments trust/interoperability layer for agentic commerce.

Capital Allocation and Balance Sheet Actions

Record quarterly buybacks of $7.9B in Q2; $1.3B dividends; funded litigation escrow $125M; $13B remaining on prior authorization and Board approved new $20B program (total repurchase capacity approx. $33B).

Acquisitions and Strategic Client Wins

Pismo expansion into 15 new countries since acquisition; Wells Fargo agreement to migrate to Pismo core ledger; acquisitions of Prisma and Newpay to accelerate issuer/real-time/payments capabilities (acquisitions add ~1 point to revenue growth).

Raised Full-Year Guidance

Management increased full-year adjusted net revenue and EPS guidance: net revenue growth revised to low double-digit to low teens (constant dollars, adjusted) and adjusted EPS growth now expected in the low teens.

Visa (V) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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V Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q3)	3.21 / -	2.98	―	―	―
Apr 28, 2026	2026 (Q2)	3.10 / 3.31	2.76	19.93% (+0.55)
Jan 29, 2026	2026 (Q1)	3.14 / 3.17	2.75	15.27% (+0.42)
Oct 28, 2025	2025 (Q4)	2.97 / 2.98	2.71	9.96% (+0.27)
Jul 29, 2025	2025 (Q3)	2.85 / 2.98	2.42	23.14% (+0.56)
Apr 29, 2025	2025 (Q2)	2.68 / 2.76	2.51	9.96% (+0.25)
Jan 30, 2025	2025 (Q1)	2.66 / 2.75	2.41	14.11% (+0.34)
Oct 29, 2024	2024 (Q4)	2.58 / 2.71	2.33	16.31% (+0.38)
Jul 23, 2024	2024 (Q3)	2.42 / 2.42	2.16	12.04% (+0.26)
Apr 23, 2024	2024 (Q2)	2.44 / 2.51	2.09	20.10% (+0.42)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

V Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 28, 2026	$309.30	$334.86	+8.26%
Jan 29, 2026	$331.12	$321.17	-3.00%
Oct 28, 2025	$345.50	$339.90	-1.62%
Jul 29, 2025	$349.26	$348.88	-0.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.