Visa lifts quarterly dividend 16% and guides to low double-digit 2027 growth

Alongside its fiscal 2026 results, Visa's board raised the quarterly cash dividend by 16% to $0.780 per Class A share, payable December 1, 2026 to holders of record on November 10, 2026. The company said it intends to return excess free cash flow through buybacks. On the earnings call, management described expectations for 2027 of low double-digit net revenue growth and low double-digit EPS growth, with a tax rate near 19%. Management also flagged that around 25% of payments volume is up for renewal in 2027, including several large clients, which it said implies a step up in growth from 2026. Value-added services grew about 30% in constant dollars in 2026 and are expected to grow in the low-to-mid 20s percent range in 2027.

1. Quarterly dividend raised 16% to $0.780 per Class A share (8-K, Oct 27, 2026)
2. Dividend payable Dec 1, 2026 to holders of record as of Nov 10, 2026
3. Management expects 2027 low double-digit net revenue and EPS growth (earnings call, Oct 27, 2026)
4. Around 25% of 2027 payments volume expected to renew, including several large clients
5. Expected 2027 tax rate about 19%
6. Value-added services grew about 30% in constant dollars in 2026; low-to-mid 20s growth expected in 2027