Visa expects fiscal 2027 adjusted net revenue to grow in the low double digits

Visa said on its fiscal fourth-quarter call that it expects fiscal 2027 adjusted net revenue growth in the low double digits, with fiscal second quarter as the growth low point as it laps strong prior-year results.

Visa also expects adjusted operating expense growth in the low double digits, modestly below net revenue growth. Visa said it expects nonoperating expense of $250 million to $300 million.

Quotes from the call

“Pulling this all together, with strength across our growth pillars of consumer, CMS and VAS, we expect full year adjusted net revenue growth to be in the low double digits, with Q2 being the growth low point as a result of lapping the very strong performance last year.”