Visa Inc. · V · FY2025 Q4 · Calendar Q4 2025

Visa pairs maintained FY2026 outlook with tokenization and AI expansion

The supplied analysis supports a constructive but conditional view: Visa's growth and demand remain resilient, while expansion in tokenization, stablecoins, agentic commerce and value-added services could support the business. The main tests are macro-sensitive spending, adoption timing, regulation, competition and the durability of yield and incentive trends.

Reported After market closeNYSEFinancial Services $673.37B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $2.98 Consensus $2.97
EPS surprise +0.3% Reported versus consensus
Reported revenue $10.72B Consensus $10.62B
Revenue surprise +1.0% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -1.6% Event window
SPY move +0.0% Same window
Abnormal move -1.7% Stock minus SPY
Volume 1.6× Versus trailing sessions
Subsequent drift -2.2% Up to 20 sessions
VSPY benchmark

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What changed

Relative to the prior-quarter analysis, the supplied FY2025 Q4 analysis adds a next-generation VisaNet rollout, the Visa Trusted Agent Protocol, broader stablecoin-linked card capabilities and FY2026 low-double-digit revenue-growth guidance. Stablecoin-linked card spend and tokenization were also highlighted as areas of expanded momentum.

Guidance delta

Maintained: FY2026 outlook calls for low-double-digit net-revenue growth, a 14% dividend increase and continued buybacks.

Key takeaways

  • Visa's FY2025 performance was supported by double-digit revenue and EPS growth, payments-volume expansion and cross-border activity.
  • Management emphasized the Visa as a Service stack, next-generation VisaNet, tokenization, stablecoin-linked cards and agentic-commerce capabilities.
  • Stablecoin-linked card spend reached a $2.5B annualized run rate, while Visa reported 16B tokens and continued global partnership growth.

Management priorities

  • Expand VisaNet, Visa as a Service and modular product offerings.
  • Scale tokenization, stablecoin-linked card programs and Visa Tokenized Asset Platform capabilities.
  • Develop agentic-commerce standards and use AI to support product development and operational efficiency.

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Earnings History

Estimate Beat Miss Match
V REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q2 '24 estimate $9B Q2 '24 actual $9B, beat Q3 '24 estimate $9B Q3 '24 actual $9B, miss Q4 '24 estimate $9B Q4 '24 actual $10B, beat Q3 '25 estimate $10B Q3 '25 actual $10B, beat Q4 '25 estimate $11B Q4 '25 actual $11B, beat Q1 '26 estimate $11B Q1 '26 actual $11B, beat Q2 '26 estimate $11B Q2 '26 actual $11B, beat Q3 '26 estimate $11B Q3 '26 actual $12B, beat Q4 '26 estimate $12B Q1 '27 estimate $12B Q2 '27 estimate $12B
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Analyst Consensus ?

ConsensusBuy61 ratings
Bullish5386.9%
Neutral813.1%
Bearish00.0%

Analyst 52W Price Targets

$360.66Current
$215Low
$348.42Average
$466High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainAug 31, 2026
Wolfe Research Outperform OutperformMaintainAug 25, 2026
Truist Securities Buy BuyMaintainAug 5, 2026
Cantor Fitzgerald Overweight OverweightMaintainAug 3, 2026
Wells Fargo Overweight OverweightMaintainJul 30, 2026
Show 56 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $360.66. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
RBC CapitalDaniel Perlin$466$381.6 +29.2%Aug 31, 2026
Wolfe ResearchAnalyst unavailable$460$382.41 +27.5%Aug 25, 2026
Truist FinancialAnalyst unavailable$406$370.42 +12.6%Aug 5, 2026
Cantor FitzgeraldAnalyst unavailable$445$370.38 +23.4%Aug 3, 2026
Wells FargoJason Kupferberg$432$368.73 +19.8%Jul 30, 2026
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Company context

Snapshot as of publication

Visa Inc. functions globally as a leading technology company dedicated to payments. Its primary role is to enable the secure and efficient digital transfer of funds among a wide array of participants, including individual consumers, retail businesses, banking institutions, corporations, strategic partners, and governmental bodies. At the heart of its operations is VisaNet, a highly sophisticated transaction processing network that handles the critical functions of authorizing, clearing, and settling all payment transactions.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
  3. Polygon adjusted daily market bars · 2026-10-03T14:06:03.525338+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T14:06:03.522418+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.