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# Visa's Fiscal 2026 Revenue Climbs 15% To $45.9 Billion As Dividend Rises 16%
- URL: https://www.bullished.co/visas-fiscal-2026-revenue-climbs-15-to-45-9-billion-as-dividend-rises-16-3e253c63/
- Published: 2026-10-27T20:58:11.000Z
- Updated: 2026-10-27T20:58:11.000Z
- Description: The payments network's fourth-quarter adjusted earnings reached $3.48 per share, and the board lifted the quarterly dividend to $0.780.
- Author: Matteo Parrino
- Tags: Earnings, V, Industry: Financials

Visa's net revenue for the fiscal year ended September 30 rose 15% to [$45.9 billion](https://www.sec.gov/Archives/edgar/data/0001403161/000140316126000126/q42026earningsrelease.htm?ref=bullished.co), or 14% in constant dollars, the company reported Tuesday in an [8-K filing](https://www.sec.gov/Archives/edgar/data/0001403161/000140316126000126/v-20261027.htm?ref=bullished.co). Fourth-quarter revenue was $12.1 billion, up 13%, and the board raised the quarterly dividend 16% to $0.780 per share.

## Quarter and full-year earnings

Visa, which runs the VisaNet payments network that processes card transactions among consumers, sellers and banks, earned $6.0 billion, or $3.19 per share, in the fourth quarter under standard accounting. That was up 18% in net income and 22% in per-share earnings. On an adjusted basis, profit was $6.6 billion, or [$3.48 per share](https://www.benzinga.com/markets/earnings/26/10/62638176/visa-reports-strong-q4-earnings-a-milestone-year-ceo-says?ref=bullished.co), up 13% and 17%.

For the full year, standard-accounting net income was $23.5 billion, or $12.32 per share, up 17% and 21%. Adjusted net income was $25.3 billion, or $13.27 per share, up 12% and 16%.

CEO Ryan McInerney called it "a milestone year" and said Visa achieved "record net revenue of [$46 billion](https://www.benzinga.com/markets/earnings/26/10/62638176/visa-reports-strong-q4-earnings-a-milestone-year-ceo-says?ref=bullished.co), up 15%, the strongest growth in over 15 years excluding the post-pandemic recovery and acquisitions."

## Volume and transactions keep climbing

Visa said growth in payments volume, cross-border volume and processed transactions drove the quarter. In the three months ended September 30, payments volume rose 9% in constant dollars, and cross-border volume rose 14%. Processed transactions reached [74.2 billion](https://www.benzinga.com/markets/earnings/26/10/62638176/visa-reports-strong-q4-earnings-a-milestone-year-ceo-says?ref=bullished.co), up 10%.

By line, fourth-quarter service revenue was $5.3 billion, up 14%, and data processing revenue rose 16% to $6.2 billion. International transaction revenue grew 8% to $4.1 billion, and other revenue rose 40% to $1.6 billion. Client incentives, which are deducted from revenue, rose 21% to $5.1 billion.

GAAP operating expenses were $4.9 billion, up 7%. Adjusted operating expenses rose 12%, driven by marketing and personnel costs.

## Buybacks, dividend and the BioCatch deal

Visa returned $25.6 billion through buybacks and dividends this fiscal year, $5.2 billion of it in the fourth quarter. It had $24.4 billion of repurchase authorization left at September 30\. The new dividend is payable December 1 to holders of record November 10.

On September 18, Visa deposited $405 million into its litigation escrow account, which has the same effect on earnings per share as repurchasing class A stock, the company said.

Visa also signed a deal on August 3 to buy BioCatch, a fraud-intelligence provider, for $2.4 billion in cash. It expects to close by the end of the fiscal second quarter of 2027.

Visa's management hosts a webcast at 5:00 p.m. ET Tuesday to discuss the results.

### Sources

- [8-K Filing — VISA INC. (V)](https://www.sec.gov/Archives/edgar/data/0001403161/000140316126000126/v-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q42026earningsrelease.htm — VISA INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001403161/000140316126000126/q42026earningsrelease.htm?ref=bullished.co) — SEC EDGAR
- [Visa Reports Strong Q4 Earnings: 'A Milestone Year' CEO Says - Visa (NYSE:V)](https://www.benzinga.com/markets/earnings/26/10/62638176/visa-reports-strong-q4-earnings-a-milestone-year-ceo-says?ref=bullished.co) — benzinga.com