Visa reports fiscal third-quarter net revenue of $11.6 billion, up 14%

On July 28, 2026, Visa announced results for its fiscal third quarter ended June 30, 2026. GAAP net income was $5.6 billion, or $2.97 per share, up 7% and 10% from the prior year. Non-GAAP net income was $6.3 billion, or $3.32 per share, up 8% and 11%.

Payments volume rose 10% on a constant-dollar basis. Cross-border volume excluding transactions within Europe rose 12%, and processed transactions rose 10%. Net revenue increased 13% on a constant-dollar basis.

GAAP results included special items of $563 million for severance costs and $237 million for a litigation provision tied to the interchange multidistrict litigation case. Visa said the quarter also included a $18 million deferred tax benefit from a change in U.S. taxation of certain foreign earnings.

The board declared the quarterly cash dividend of $0.670 per share of class A common stock on July 28, 2026. It is payable September 1, 2026, to holders of record as of August 11, 2026. During the quarter, Visa repurchased about 14.5 million class A shares for $4.9 billion, and it had $28.4 billion of remaining authorized funds for repurchases as of June 30, 2026.

Visa said it will host a live audio webcast of the results at 5:00 p.m. Eastern Time on July 28, 2026.