Visa closes fiscal 2026 with record revenue and higher fourth-quarter profit

Visa reported fiscal fourth-quarter 2026 results on October 27, 2026, for the period ended September 30. Net revenue reached $12.1 billion, up 13%, and non-GAAP earnings per share were $3.48, up 17%. For the full fiscal year, net revenue reached $45.9 billion, up 15% (14% in constant dollars), and non-GAAP EPS was $13.27, up 16%. Growth drivers included payments volume up 9% in constant dollars, cross-border volume excluding intra-Europe up 14% for the quarter, and processed transactions up 10%. GAAP results absorbed a $469 million litigation provision tied to the interchange multidistrict case and a $282 million charitable donation of investments to the Visa Foundation, both excluded from the non-GAAP figures. Operating expenses on a non-GAAP basis rose 12% in the quarter, driven by marketing and personnel.

1. Q4 FY2026 net revenue $12.1B, up 13% on nominal and constant-dollar basis (company release, Oct 27, 2026)
2. Q4 GAAP EPS $3.19, up 22%; non-GAAP EPS $3.48, up 17%
3. FY2026 net revenue $45.9B, up 15%; GAAP EPS $12.32; non-GAAP EPS $13.27, up 16%
4. Q4 payments volume up 9% and processed transactions up 10% in constant dollars; cross-border excluding intra-Europe up 14%
5. Q4 GAAP results included a $469M litigation provision and a $282M Visa Foundation donation
6. Q4 non-GAAP operating expenses up 12%, mainly marketing and personnel
7. Q4 share repurchases $4.0B; full-year repurchases $20.5B; $24.4B authorization remaining at Sept. 30, 2026