Visa Inc. · V · FY2026 Q4 · Calendar Q4 2026

Visa reports strong FY2026 growth as tokenization expands

Visa's FY2026 results support a constructive growth thesis: resilient payments activity, value-added services, tokenization, and new stablecoin products are expanding the platform. The main qualification is that agentic commerce and token-based products remain early, while regulation, pricing, geopolitics, and consumer spending remain risks.

Reported After market closeNYSEFinancial Services $750.50B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $3.48 Consensus $3.44
EPS surprise +1.2% Reported versus consensus
Reported revenue $12.14B Consensus $12.09B
Revenue surprise +0.4% Reported versus consensus

Market reaction

close-to-close (session unavailable)
Stock move -0.6% Event window
SPY move +0.6% Same window
Abnormal move -1.1% Stock minus SPY
Volume 1.4× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
VSPY benchmark

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Transcript intelligence

What changed

Management highlighted record FY2026 net revenue growth, stronger value-added services, broader tokenized commerce, and new stablecoin-linked products. It also described continued investment in VisaNet, on-chain infrastructure, and agentic commerce.

Guidance delta

Guidance sentiment was maintained. Management expressed confidence in low-double-digit revenue growth for 2027.

Key takeaways

  • FY2026 net revenue grew 15%, with Q4 growth of 13%, according to the supplied transcript analysis.
  • Value-added services revenue grew 30%, supported by cybersecurity offerings and tokenization.
  • Visa launched a stablecoin-linked Flex Credential in Europe and said it supports 10 blockchains and five stablecoins in settlement.
  • Cross-border travel and e-commerce remained robust, while tokenized e-commerce reached 200 territories.

Management priorities

  • Expand Visa Flex Credential and the Visa Stablecoin Platform into additional markets.
  • Invest in VisaNet security, resilience, and cloud-native architecture.
  • Accelerate agentic commerce and AI-driven product development.
  • Deepen credential and token adoption across emerging and lower-to-middle-market businesses.

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Earnings History

Estimate Beat Miss Match
V REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q1 '24 estimate $9B Q1 '24 actual $9B, beat 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 Q4 '26 actual $12B, beat 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

$401.86Previous close
$215Low
$353.21Average
$480High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 28, 2026. Not an FN2 forecast.

Firm-level rating actions

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

FirmRatingPrior ratingActionDate
Susquehanna Positive PositiveMaintainOct 26, 2026
Truist Securities Buy BuyMaintainOct 23, 2026
Baird Outperform OutperformMaintainOct 12, 2026
RBC Capital Outperform OutperformMaintainAug 31, 2026
Wolfe Research Outperform OutperformMaintainAug 25, 2026
Show 56 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $401.86. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
SusquehannaJames Friedman$480$407.92 +19.4%Oct 26, 2026
Truist FinancialMatthew Coad$443$414.34 +10.2%Oct 23, 2026
BMO CapitalAnalyst unavailable$425$397.58 +5.8%Oct 15, 2026
Robert W. BairdAnalyst unavailable$430$385.45 +7.0%Oct 12, 2026
RBC CapitalDaniel Perlin$466$381.6 +16.0%Aug 31, 2026
See 118 more

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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 · 2026-10-28T04:05:21.118267+00:00
  2. FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
  3. Polygon adjusted daily market bars · 2026-10-28T07:20:41.498227+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T07:20:41.495559+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 2026-10-28. For educational purposes only; not investment advice.