Overview
- Fiscal Q4 net revenue rose 12% to about $10.7 billion, edging past Wall Street estimates, as consumer spending held up across categories.
- Global payments volume increased roughly 9% in constant dollars and total processed transactions grew 10% to 67.7 billion.
- Cross-border total volume climbed about 12% but growth moderated compared with prior periods, tempering upside from otherwise strong activity.
- Visa expects a strong fiscal Q1 during the holiday period and projects FY2026 adjusted revenue growth in the low double digits, citing tailwinds from the Olympics and FIFA World Cup.
- Operating expenses jumped about 40% to $4.6 billion on litigation provisions and personnel, with FY2026 spend set to rise as Visa invests in Visa-as-a-service, cross-border products, a stablecoin strategy, and company-wide AI initiatives.