Q2 26 EPS
$N/A
Q2 26 Revenue
N/A
vs S&P Since Q2 26
-3.6%
TRAILING MARKET
V +0.5% vs S&P +4.1%
Market Reaction
Did V Beat Earnings? Q2 2026 Results
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.
Key Takeaways
- • Payments volume growth of 8% on constant-dollar basis for three months ended December 31, 2025
- • Cross-border volume excluding intra-Europe grew 11% on constant-dollar basis
- • Total cross-border volume grew 12% on constant-dollar basis
- • Processed transactions grew 9% to 69.4 billion
- • Resilient consumer spending and strong holiday season
- • Continued strength in value-added services and commercial and money movement solutions
V YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
V Revenue by Segment
With YoY comparisons, source: SEC Filings
“Visa delivered a very strong fiscal first quarter with net revenue up 15% year-over-year, GAAP EPS up 17% and non-GAAP EPS up 15%, driven by resilient consumer spending and a strong holiday season, as well as continued strength in value-added services and commercial and money movement solutions. Our purposeful investments in our Visa as a Service stack continue to position us as a payments hyperscaler to deliver technology and infrastructure that redefine what's possible in payments.”
— Ryan McInerney, Q2 2026 Earnings Press Release
V Earnings Trends
V vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
V EPS Trend
Earnings per share: estimate vs actual
V Revenue Trend
Quarterly revenue: estimate vs actual
V Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $3.14 | $3.17 | +0.88% | $10.90B | +1.98% |
| Q4 25 BEAT FY | $2.97 | $2.98 | +0.34% | $10.72B | — |
| FY Full Year | $11.44 | $11.47 | +0.24% | $40.00B | +0.27% |
| Q3 25 BEAT | $2.85 | $2.98 | +4.68% | $10.17B | +3.30% |
| Q2 25 BEAT | $2.68 | $2.76 | +3.00% | $9.59B | +0.47% |