Visa Inc reported a 14 per cent year-on-year increase in fiscal third-quarter net revenue, driven by resilient consumer and business spending and continued growth in digital payments, cross-border transactions and value-added services.
The global payments company said on Wednesday that net revenue reached $11.6 billion in the quarter ended 30 June 2026, while net income rose 7 per cent to $5.6 billion as payment volumes and processed transactions continued to expand.
Diluted earnings per share (EPS) increased 10 per cent to $2.97 under generally accepted accounting principles (GAAP). On a non-GAAP basis, adjusted net income rose 8 per cent to $6.3 billion, with EPS increasing 11 per cent to $3.32.
“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,” Chief Executive Officer Ryan McInerney said.
He said consumer and business spending remained resilient, while the company’s strategy continued to deliver growth across consumer payments, commercial and money movement solutions and value-added services.
Payment volume for the three months ended 30 June increased 10 per cent year on year on a constant-dollar basis. Cross-border volume excluding transactions within Europe rose 12 per cent, while total cross-border volume increased 13 per cent. Processed transactions climbed 10 per cent to 71.7 billion.
Service revenue increased 14 per cent to $4.9 billion, while data processing revenue rose 17 per cent to $6.0 billion. International transaction revenue grew 6 per cent to $3.9 billion and other revenue jumped 45 per cent to $1.5 billion. Client incentives, which are deducted from gross revenue, increased 18 per cent to $4.7 billion.
GAAP operating expenses rose 19 per cent to $4.8 billion, mainly due to higher personnel costs. On a non-GAAP basis, operating expenses increased 17 per cent as the company expanded spending on marketing and employees.
Visa ended the quarter with $13.9 billion in cash, cash equivalents and investment securities. The company operates a digital payments network spanning more than 200 countries and territories.
