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Visa Tops Q1 Estimates With Solid Cross-Border Growth

Investors focused on higher cost guidance, sending shares lower.

Overview

  • Adjusted earnings reached $3.17 per share on revenue of $10.9 billion, surpassing consensus on both metrics.
  • Total payment volume was $3.87 trillion with 69.4 billion transactions, and cross-border volume rose 12% year over year.
  • For the March quarter, Visa expects low-double-digit net revenue growth and mid‑teens operating expense growth.
  • Full‑year fiscal 2026 guidance calls for low‑double‑digit growth across net revenue, operating expenses, and earnings per share.
  • Shares fell about 1.9% after the release as investors weighed expense plans, while Visa highlighted a December USDC settlement pilot with U.S. banks and declared a $0.67 dividend payable March 2 to holders of record Feb. 10.