V · 8-K · 20260728PR000103
Operating Income Drivers
VISA INC. · 2026-07-28 · Importance 62 · Surprise 58 · No source text
GAAP operating income increased to $6.9 billion from $6.2 billion, despite operating expenses rising faster than revenue. GAAP operating expenses increased 19% to $4.8 billion, including $563 million of severance costs and $237 million of litigation provision. GAAP net income increased 7% to $5.6 billion, while non-GAAP net income increased 8% to $6.3 billion. GAAP diluted EPS rose 10% to $2.97, and non-GAAP diluted EPS rose 11% to $3.32.
Key facts
- GAAP net income for the fiscal third quarter was $5.6 billion, or $2.97 per share, increases of 7% and 10%, respectively, over prior year. source
- Non-GAAP net income for the fiscal third quarter was $6.3 billion, or $3.32 per share, increases of 8% and 11%, respectively, over prior year. source
- Operating income for the fiscal third quarter was $6,877 million. source
- GAAP non-operating expense for the fiscal third quarter was $44 million (negative $44 million). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +4.5% | Non-GAAP net income for the fiscal third quarter was $6.3 billion, or $3.32 per share, increases of 8% and 11%, respectively, over prior… |
| net_income | positive | realized | +3.5% | GAAP net income for the fiscal third quarter was $5.6 billion, or $2.97 per share, increases of 7% and 10%, respectively, over prior year. |
| operating_income | unclear | realized | — | Operating income for the fiscal third quarter was $6,877 million. |