Visa Inc. (V) Earnings Call Transcripts
Visa Inc.'s Latest Earnings Call - Q3 FY2026
In Visa's Fiscal Third Quarter 2026, the company reported a net revenue of $11.6 billion, reflecting a 14% year-over-year increase, and earnings per share (EPS) of $3.32, up 11%. Both figures exceeded market expectations, driven by robust consumer spending and strong performance in value-added services. Management maintained guidance for Q4 net revenue growth in the high end of low-double digits, indicating continued momentum despite potential macroeconomic headwinds.
Reported metrics
| Metric | Value |
|---|---|
| Net Revenue | $11.6B (beat) |
| EPS | $3.32 (beat) |
| Payments Volume | $4T (positive) |
| Processed Transactions | 72B (positive) |
| Value-Added Services Revenue | $3.8B (beat) |
| Cross-Border Volume Growth | 12% (positive) |
Guidance from management
Management expects Q4 net revenue growth in the high end of low-double digits and full year net revenue growth in the low end of low teens, indicating confidence in ongoing consumer spending resilience.
What management said
Yes. I would only add. I think Ryan covered it really, really well. The flywheel is working. The thing I'd add is over the past several years, as Ryan kind of referenced, we've grown and diversified our business. And we've done that while maintaining our industry-leading operating margins. Looking forward, we do expect that we'll continue to be able to deliver strong margins into the future as well.
And with that, we'd like to thank you for joining us today. If you have additional questions, please feel free to call or e-mail our Investor Relations team. Thanks again, and have a great day.
What analysts pressed on
Analysts raised concerns about the sustainability of cross-border volume growth and the potential impact of economic volatility on future performance. There were questions regarding how to normalize growth expectations post-FIFA and the implications of workforce reductions on operational efficiency.
Main topics on the call
- Strong Revenue Growth — Visa's net revenue increased by 14% year-over-year to $11.6 billion, surpassing expectations. Management noted, "Third quarter net revenue was up 13% in constant dollars," indicating strong underlying performance.
- Record Payments Volume — Quarterly payments volume grew 10% year-over-year, crossing $4 trillion for the first time. CEO Ryan McInerney stated, "Processed transactions grew 10% year-over-year to $72 billion," reflecting resilient consumer spendi...
- Value-Added Services Growth — Revenue from value-added services surged 34% year-over-year to $3.8 billion, driven by strong marketing services related to FIFA. Management highlighted that "all 4 of our VAS portfolios have individually grown faster th...
- AI and Product Innovation — Visa is leveraging AI to enhance product development, achieving "80% more code commits" and significantly faster feature development. This positions Visa to innovate rapidly in the evolving payments landscape.
Read the full Visa Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Visa Inc.
Visa Inc. (V) is a publicly listed company in the Financial Services industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 119 calls on record spanning January 13, 2020 to July 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 119 Visa Inc. earnings call transcripts on record, spanning January 13, 2020 to July 28, 2026. Based on this history, Visa Inc. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- V
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Financial Services
- Calls on record
- 119
- First call
- January 13, 2020
- Most recent
- July 28, 2026
- Reporting cadence
- quarterly