Visa Reports Fiscal Q3 2026 Earnings with Revenue Growth
Visa reported fiscal third-quarter results for 2026, showing a significant increase in net revenue to $11.6 billion, up 14% year-over-year driven by growth across payments volume and cross-border transactions. GAAP net income reached $5.6 billion or $2.97 per share, with non-GAAP figures at $6.3 billion or $3.32 per share—both showing double-digit percentage increases. The company returned over $6 billion to shareholders through dividends and stock repurchases during the quarter while announcing plans to cut approximately 2,600 jobs as part of a restructuring effort focused on AI-driven efficiency improvements. Despite higher operating expenses due in part to severance costs and litigation provisions, Visa's performance reflects resilience in consumer spending and continued strategic execution across its services. Visa also reported strong growth in data processing revenue (up 17%) and service revenue (up 14%), with international transaction revenue rising by 6%. The company maintained a robust balance sheet with $13.9 billion in cash, cash equivalents, and investment securities as of June 30.