Visa (NYSE:V) delivered modest beats on the top and bottom lines in the last quarter of its fiscal year, with consumer spending remaining resilient and data processing services leading revenue growth.
The credit card network giant introduced guidance for FY2026 EPS growth, net revenue, and operating expense growth in the low double digits.
For Q1, Visa (NYSE:V) expects class A EPS growth in low teens, net revenue growth in the high end of low double digits, and operating expense growth in low double digits.
Fiscal Q4 adjusted EPS of $2.98, just topping the average analyst estimate of $2.97, was flat with $2.98 in Q3 and increased from $2.71 in last year’s Q4.
Net revenue for the quarter ended Sept 30, 2025, was $10.7B, beating the $10.6B consensus and up from $10.2B in the prior quarter and $9.6B a year ago. Service revenue increased 10% Y/Y to $4.6B, data processing revenue rose 17% to $5.4B, and international transaction revenue grew 10% to $3.8B. Client incentives, which subtracted $4.2B from revenue, increased 17% from a year ago.
Visa Inc. (NYSE:V) total payment volume of $3.73T, topping the Visible Alpha consensus of $3.70T, fell from $3.62T in Q3 and $3.41T in Q4 2024.
“In our fourth quarter, continued healthy consumer spending drove net revenue up 12% to $10.7B,” said CEO Ryan McInerney. “For the full year, Visa delivered strong performance, with net revenue of $40B, up 11%, and broad-based growth across key metrics.”
Q4 payments volume increased 9% from a year ago in constant dollars, cross-border volume increased 12%, and processed transactions advanced 10%. That compared with Q3 payments volume growth of 8%, cross-border volume growth of 12%, and processed transaction growth of 10%.
Visa (V) stock rose 0.7% in after-hours trading.
Conference call at 5:00 PM ET.