V Q1 2026

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Earnings

Visa kicked off fiscal 2026 on a strong note, delivering first-quarter results that cleared Wall Street's bar on both the top and bottom lines. Non-GAAP diluted EPS of $3.17 edged past the $3.14 consensus by 0.88%, while net revenue of $10.90 billion… Read more Visa kicked off fiscal 2026 on a strong note, delivering first-quarter results that cleared Wall Street's bar on both the top and bottom lines. Non-GAAP diluted EPS of $3.17 edged past the $3.14 consensus by 0.88%, while net revenue of $10.90 billion beat estimates by 1.98% and grew 14.6% year-over-year, a performance that investors had been watching closely heading into the print. The primary engine behind the quarter's strength was broad-based volume momentum: payments volume expanded 8% on a constant-dollar basis, cross-border volume excluding intra-Europe rose 11%, and processed transactions climbed 9% to 69.4 billion, underpinning particularly robust data processing revenue growth of 17%. GAAP results were more complicated, weighed down by a $707 million litigation provision tied to the interchange MDL settlement, though a $333 million one-time deferred tax benefit softened the blow. With competitor American Express also navigating a resilient premium-spending environment, Visa's results reinforce that consumer payment volumes remain durable heading into 2026.