V · 10-K · 2026A · Full report

FX / Currency Impact

VISA INC. · 2026-11-05 · Importance 18 · Surprise 14

Visa’s revenue is affected when payments volume and related revenue denominated in local currencies are converted to U.S. dollars. In fiscal 2026, exchange-rate movements increased net revenue growth by approximately one percentage point. Visa says foreign-exchange movements and volatility have contributed to periodic variability and may continue to do so.

Key facts

• Fiscal 2026 exchange-rate movements increased Visa's net revenue growth by approximately one percentage point and operating expense growth by approximately one percentage point. source
• Fiscal 2026 exchange-rate movements increased Visa's net revenue growth by approximately one percentage point. source
• Visa says foreign-exchange movements and volatility have caused periodic variability in results and may continue to do so. source