Visa Q4 FY2026 Earnings Call: 13% Revenue Growth and FY2027 Outlook
Source Tradingkey
Key Takeaways
- Visa reported fiscal Q4 2026 net revenue of $12.1 billion, up 13% year over year, while EPS increased 17% to $3.48.
- Full-year net revenue reached a record $46 billion, up 15%, and full-year EPS rose 16% to $13.27.
- Q4 global payments volume grew 9% in constant dollars. Cross-border volume excluding intra-Europe increased 14%, while processed transactions rose 10%.
- Value-added services revenue increased 31% in constant dollars to $4 billion in Q4. Full-year VAS revenue grew 30% to $14 billion.
- Management expects adjusted FY2027 net revenue to grow in the low double digits and adjusted EPS to increase from the low double digits to low teens.
- Agentic Commerce and stablecoins remain strategic priorities, but management said their financial contribution should remain small relative to Visa’s overall business during FY2027.
Core Financial Data
| Metric | Fiscal Q4 2026 | Year-over-year change | Commentary |
|---|---|---|---|
| Net revenue | $12.1 billion | +13% | Growth was the same in nominal and constant dollars |
| EPS | $3.48 | +17% | Helped by a lower-than-expected 18.4% tax rate |
| Global payments volume | — | +9% | Constant-dollar basis |
| Cross-border volume | — | +14% | Constant dollars, excluding intra-Europe |
| Processed transactions | — | +10% | Broad transaction growth |
| CMS revenue | — | +16% | Constant-dollar basis |
| Value-added services revenue | $4 billion | +31% | Supported by underlying business drivers, pricing and the Pismo acquisition |
| Operating expenses | — | +12% | Mainly marketing and personnel expenses |
| Client incentives | — | +21% | Reflecting deals signed in Q3 and early Q4 |
| Full-year net revenue | $46 billion | +15% | Record annual revenue |
| Full-year EPS | $13.27 | +16% | Non-GAAP nominal basis |
| Full-year VAS revenue | $14 billion | +30% | Constant-dollar basis |
| Full-year CMS revenue | — | +19% | Constant-dollar basis |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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