Visa Inc. reported strong financial results for its fiscal third quarter ended June 30, 2026, posting double-digit growth in revenue and earnings, supported by resilient consumer and business spending and continued expansion in digital payments.
The global payments technology company reported net revenue of $11.6 billion for the quarter, up 14 per cent year-on-year, or 13 per cent on a constant-dollar basis, driven by higher payments volume, cross-border transactions, and processed transactions.
GAAP net income rose 7 per cent to $5.6 billion, while earnings per share (EPS) increased 10 per cent to $2.97. On a non-GAAP basis, net income climbed 8 per cent to $6.3 billion, with EPS rising 11 per cent to $3.32, according to press release.
“Visa delivered a strong fiscal third quarter, with net revenue up 14 per cent year over year, GAAP EPS up 10 per cent and non-GAAP EPS up 11 per cent,” said Ryan McInerney, Chief Executive Officer of Visa.
“Consumer and business spending remains resilient, and our strategy continues to deliver strong performance across consumer payments, commercial and money movement solutions and value-added services,” he said.
Payment activity remained robust during the quarter. Payments volume increased 10 per cent year-on-year on a constant-dollar basis for the three months ended June 30, while the preceding quarter’s payments volume, which determines service revenue, grew 9 per cent.
Cross-border payment activity also strengthened, with cross-border volume excluding transactions within Europe rising 12 per cent, while total cross-border volume increased 13 per cent. Total processed transactions reached 71.7 billion, up 10 per cent from a year earlier.
Among revenue segments, service revenue increased 14 per cent to $4.9 billion, while data processing revenue climbed 17 per cent to $6.0 billion. International transaction revenue rose 6 per cent to $3.9 billion, and other revenue jumped 45 per cent to $1.5 billion. Client incentives increased 18 per cent to $4.7 billion.
Operating expenses rose as the company continued investing in growth initiatives. GAAP operating expenses increased 19 per cent year-on-year to $4.8 billion, mainly due to higher personnel costs. On a non-GAAP basis, operating expenses rose 17 per cent, reflecting increased spending on marketing and talent.
Visa maintained a strong balance sheet, ending the quarter with $13.9 billion in cash, cash equivalents and investment securities.