Key Highlights

  • Consensus EPS of 3.44 compares with diluted EPS of 2.97 reported for fiscal third quarter, against 2.69 a year earlier.
  • Consensus revenue of USD 12.09 billion compares with net revenue of USD 11,633 million reported for the fiscal third quarter.
  • Value-added services revenue was USD 3.8 billion against USD 2.8 billion, an increase of 33% year over year.
  • Operating expenses rose 19% to USD 4,756 million, and client incentives were USD 4,680 million against USD 3,972 million.

Visa (NYSE:V) reports fourth-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 3.44 on revenue of USD 12.09 billion, and the company has a market capitalization of USD 754.59 billion.

Visa reports on a fiscal year that ends Sept. 30, so the Oct. 27 report covers its fiscal fourth quarter. In its fiscal third quarter, which ended June 30, 2026, it reported net revenue of USD 11,633 million against USD 10,172 million and net income of USD 5,628 million against USD 5,272 million.

Estimates Against the Last Reported Quarter

The EPS estimate of 3.44 is above the diluted EPS of 2.97 reported for the fiscal third quarter, which compared with 2.69 a year earlier, and the estimates table does not state whether it is adjusted. The revenue estimate of USD 12.09 billion is above the USD 11,633 million reported.

Operating income was USD 6,877 million against USD 6,177 million, and income before income taxes was USD 6,833 million against USD 6,333 million. Dividends declared were 0.67 per share. Income tax provision was USD 1,205 million against USD 1,061 million.

Revenue Lines and Client Incentives

Service revenue was USD 4,922 million against USD 4,330 million, and data processing revenue was USD 6,042 million against USD 5,153 million, up 17%. International transaction revenue was USD 3,853 million against USD 3,633 million, up 6%, and other revenue was USD 1,496 million against USD 1,028 million, up 45%.

Client incentives were USD 4,680 million against USD 3,972 million, up 18%. Value-added services revenue was USD 3.8 billion against USD 2.8 billion, up 33%, and USD 10.3 billion against USD 7.8 billion for the nine months.

Operating Expense Detail and Balance Sheet

Operating expenses were USD 4,756 million against USD 3,995 million, up 19%. Personnel expense was USD 2,458 million against USD 1,749 million, marketing was USD 649 million against USD 421 million, network and processing was USD 280 million against USD 224 million, and professional fees were USD 246 million against USD 187 million.

Depreciation and amortization was USD 367 million against USD 317 million. The litigation provision was USD 253 million against USD 615 million, down 59%, and interest expense was USD 194 million against USD 39 million. For the nine months, net revenue was USD 33,764 million against USD 29,276 million, net income was USD 17,502 million against USD 14,968 million, and diluted EPS was 9.14 against 7.59.

Cash and cash equivalents were USD 12,359 million at June 30, 2026 against USD 17,164 million at the prior year-end, and total assets were USD 94,590 million against USD 99,627 million. The estimates table lists a market capitalization of USD 754.59 billion.

Figures to Follow in the Release

Diluted EPS against 3.44 and revenue against USD 12.09 billion are the headline comparisons. Other markers are value-added services revenue against USD 3.8 billion, client incentives and personnel expense.