Skip to content

Visa Posts Record Revenue, Lifts Dividend 16%

Visa reported record full-year net revenue of $45.9bn and raised its quarterly dividend by 16%, while booking a $469m litigation provision in the fourth quarter. The shares were down 1.6% in after-hours trading.

Visa (NYSE: V), the card payments network, reported fourth-quarter net revenue of $12.1bn, up 13%, and its shares were down 1.6% in after-hours trading today. Net income under GAAP, the standard US accounting measure, was $6.0bn, or $3.19 a share, up 22% per share.

V.US

Quarterly revenue compares with $10.7bn a year earlier. Payments volume rose 9% in constant dollar terms, which strips out currency swings, while cross-border volume grew 14% and processed transactions rose 10% to 74.2bn. Data processing revenue climbed 16% to $6.2bn and service revenue 14% to $5.3bn.

Costs rose too. Non-GAAP operating expenses, which exclude one-off items, were up 12%, driven by marketing and personnel, and client incentives rose 21% to $5.1bn. The quarter carried a $469m litigation provision tied to the interchange multidistrict litigation case and a $282m donation to the Visa Foundation. The prior-year quarter had an $899m litigation item.

On that non-GAAP basis, net income was $6.6bn, or $3.48 a share, up 17% per share.

Line chart of Visa quarterly net revenue rising from $10.7bn to $12.1bn over five quarters to September 2026
Visa’s quarterly net revenue over five quarters, reaching $12.1bn in the fiscal fourth quarter. Source: Visa earnings release.

For the full year, net revenue was $45.9bn, up 15%. Chief executive Ryan McInerney called it the company’s strongest growth in more than 15 years, excluding post-pandemic recovery and acquisitions. GAAP net income was $23.5bn, or $12.32 a share, up 21% per share.

As we look to 2027 and beyond, trust is the next growth vector for Visa.

Ryan McInerney, chief executive, Visa

Visa returned $5.2bn to shareholders through buybacks and dividends in the quarter and $25.6bn over the year. The board raised the quarterly dividend 16% to $0.780 a share, payable the 1st of December to holders of record on the 10th of November. It bought about 11m class A shares for $4.0bn in the quarter, with $24.4bn of buyback authorisation left at 30 September.

Separately, Visa signed an agreement on the 3rd of August to buy BioCatch, a behavioural fraud intelligence business, for $2.4bn in cash. The deal is expected to close by the end of fiscal second quarter 2027, subject to regulatory approvals. Management will host a webcast at 9pm UK time (5pm Eastern) tonight.

Asktraders News Team
Asktraders News Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.