Visa 8-K
PositiveEarningsImpairment / chargeLegal / investigation
Payments and cross-border volume growth lifted revenue; higher personnel costs, severance and litigation pushed expenses up.
Filed 2026-07-28 16:05 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results and a quarterly dividend declaration. Net revenue rose 14% Y/Y, supported by growth in payments volume, cross-border volume and processed transactions. The board declared a $0.670-per-share dividend, payable 9/1/2026 to holders of record 8/11/2026.
Key Figures
| Metric | Q3 2026 | Q3 2025 | Y/Y |
|---|---|---|---|
| Net revenue | $11.6B | $10.2B | 14% |
| Operating income | $6.88B | $6.18B | 11% |
| GAAP net income | $5.63B | $5.27B | 7% |
| GAAP diluted EPS | $2.97 | $2.69 | 10% |
| Non-GAAP net income | $6.30B | $5.83B | 8% |
| Non-GAAP diluted EPS | $3.32 | $2.98 | 11% |
- Payments volume increased 10% in constant dollars; cross-border volume rose 12% excluding intra-Europe and 13% total. Processed transactions grew 10% to 71.7B. Revenue growth included data processing revenue up 17% to $6.04B and international transaction revenue up 6% to $3.85B.
- GAAP operating expenses rose 19%, primarily on higher personnel expenses. GAAP results included $563M of severance costs and a $237M litigation provision; non-GAAP operating expenses increased 17%.
- Visa repurchased 14.5M class A shares for $4.9B at an average $330.71 per share; diluted class A weighted-average shares were 1.90B, down 3.1% Y/Y. Quarterly share repurchases and dividends totaled $6.2B; $28.4B remained authorized for repurchases. Cash, cash equivalents and investment securities were $13.9B at quarter-end.
Guidance
No guidance in this filing.
Investor Takeaways
- Next quarter’s revenue growth and payments and cross-border volume trends will indicate whether Q3’s broad-based growth persists.
The summary is written by an AI model reading the filing.
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