A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In 2026-Q2, Visa reported net revenue of $11.63B (up 14% YoY) and GAAP net income of $5.63B (up 7% YoY), driven by strong growth in payments volume, cross-border transactions, and value-added services.
Filed · Source: SEC EDGAR 10-Q filing
Visa delivered solid 2026-Q2 results with net revenue up 14% to $11.63B and diluted EPS reaching $2.97, backed by resilient consumer spending and double-digit growth in value-added services.
Last 4 quarters: 2 beats, 2 misses
Reported EPS of $3.32 versus the $3.29 analyst consensus — a +0.8% beat for Jun 2026.
Net revenue for the three months ended June 30, 2026 increased 14% year-over-year to $11.63B, supported by an 11% increase in nominal payments volume and a 10% rise in processed transactions to 71.7B. Value-added services revenue grew 33% year-over-year to $3.8B.
Source: 10-Q Item 2 MD&A, p.30, 32-33
Operating expenses rose 19% year-over-year to $4.76B, primarily driven by higher personnel costs which included $563M in severance expenses aimed at operational efficiency, as well as elevated marketing spend for the FIFA World Cup 2026.
Source: 10-Q Item 2 MD&A, p.30, 34, 37
Visa completed the acquisition of Argentina-based Prisma and Newpay for $1.5B in cash in February 2026. During the nine-month period, Visa repurchased $16.5B in class A common stock and authorized a new $20.0B share repurchase program in April 2026.
Source: 10-Q Item 2 MD&A, p.30, 38
Visa recorded $1.1B in additional litigation accruals during the nine months ended June 30, 2026, associated with interchange multidistrict litigation, and deposited $875M into the U.S. litigation escrow account.
Source: 10-Q Item 2 MD&A, p.31, 38
Visa continues to record substantial litigation accruals, including $1.1B recorded over nine months for interchange multidistrict litigation. Future monetary liabilities could exceed deposits made into the U.S. litigation escrow account.
Source: 10-Q Item 2 MD&A, p.31
Cross-border volumes and foreign currency translations directly affect revenue. Macroeconomic shifts or currency fluctuations could introduce variability into future growth trends.
Source: 10-Q Item 2 MD&A, p.30, 33
Regulatory changes in international markets such as Brazil mandate enhanced operating rules requiring Visa to extend settlement guarantees to sellers, increasing settlement exposure and collateral requirements.
Source: 10-Q Item 2 MD&A, p.39
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
See the V earnings preview — expected date, analyst estimates and what to watch →
In 2026-Q2, Visa generated net revenue of $11.63B, representing a 14% year-over-year growth. GAAP net income was $5.63B ($2.97 diluted EPS), while non-GAAP net income reached $6.30B ($3.32 diluted EPS).
Visa processed 71.7B transactions in 2026-Q2, up 10% year-over-year. Total nominal payments volume increased by 11% overall, supported by broad consumer credit and debit spending.
Visa repurchased $16.5B of class A common stock (50M shares) over nine months and paid $3.9B in dividends. The company also authorized a new $20.0B share repurchase program in April 2026.
Visa recorded $1.1B in additional litigation accruals over nine months related to interchange multidistrict litigation and deposited $875M into its U.S. litigation escrow account.
Expected release date, analyst estimates & what to watch
In Q2 FY2026, V demonstrated strong financial performance with a 17.1% increase in revenue and a 31.5% rise in net income, driven by operational efficiencies and strategic growth initiatives.
Visa delivered strong Q1 FY2026 growth, with net revenue up 15% to $10.901B and net income up 14% to $5.853B, although operating-margin pressure reflected a $707M interchange litigation provision. Source: 10-Q Item 2 MD&A, pp.24-29
Other companies in Transaction & Payment Processing Services