Visa posts adjusted earnings of $3.48 per share in fourth quarter, beating estimates
Key Facts
Visa’s adjusted earnings per share were $3.48 in the fourth quarter of fiscal 2026, beating FactSet’s estimate of $3.44, according to an earnings brief published by MarketScreener that could not be opened for independent verification. Visa had said it would release its fourth-quarter and fiscal 2026 results after the market close on October 27, 2026. The reported result exceeded the estimate by $0.04 per share. The figures cover the fourth fiscal quarter, while the available information on earlier financial performance is limited to third-quarter results. Visa said in its third-quarter statement that consumer and business spending remained “resilient.”
In the third quarter of fiscal 2026, Visa reported net revenue of $11.6 billion, up 14% year over year. GAAP net income was $5.6 billion, or $2.97 per share, while adjusted net income was $6.3 billion, or $3.32 per share. These prior results provide a reference point for the company’s performance before its fourth-quarter report. But third-quarter data alone do not identify the factors that contributed to the reported fourth-quarter earnings per share. The facts provided do not include fourth-quarter revenue or net income figures.
Operating indicators in the third quarter showed year-over-year growth of 10% in payment volume and 13% in cross-border volume, while processed transactions rose 10%, according to Visa’s statement. Visa processed 71.7 billion transactions during the quarter, up 10% from the same period a year earlier. Data-processing revenue rose 17% to $6.0 billion, while international transaction revenue grew 6% to $3.9 billion. The company attributed revenue growth in that quarter to increases in payment volume, cross-border volume and processed transactions. These figures offer a picture of the company’s activity in the previous quarter, without establishing that they explain the fourth-quarter result.
For the year-earlier comparison, Visa’s net revenue in the fourth quarter of fiscal 2025 was about $10.7 billion, up 12%, and it reported adjusted earnings per share of $2.98 and GAAP earnings per share of $2.62. For fiscal 2025 as a whole, net revenue reached $40.0 billion, up 11%, and adjusted earnings per share were $11.47. Payment volume grew 9% in the fourth quarter of 2025, cross-border volume rose 12%, and processed transactions increased 10% year over year. These earlier results put current fourth-quarter earnings per share in the context of Visa’s performance in the previous fiscal year, without providing a direct revenue comparison between the two fourth quarters. Visa set the release of its fourth-quarter and fiscal 2026 results for after the market close on October 27, 2026.
Visa shares closed at $404.16 on October 26, 2026, and then at $399.38 on October 27, according to EL7 data. These prices do not include other stocks in the payments sector, and the available facts do not explain the share-price move over the two sessions. Visa had said management would hold an audio webcast after the results were released to discuss the company’s performance and business. The scheduled discussion was therefore to take place after the release of the fourth-quarter and fiscal 2026 results on October 27. The full financial results for the quarter and year remain the next event the company announced in this context.