V · 10-Q · 2026Q1 · Full report
Revenue Performance and Mix
VISA INC. · 2026-04-29 · Importance 46 · Surprise 22 · No source text
Visa reported net revenue of $22,131 million for the six months ended March 31, 2026, up $3,027 million or 15.8% versus $19,104 million in the prior-year six months. U.S. net revenue for the six months was $8,482 million (38.3% of total) versus $7,549 million in the prior year, up $933 million or 12.4%; International revenue was $13,649 million versus $11,555 million, up $2,094 million or 18.1%. By revenue type, data processing revenue was $11,087 million for the six months (up $1,641 million or 17.4% YoY) and service revenue was $9,741 million (up $1,134 million or 13.2% YoY). Client incentives increased to an $8,514 million deduction for the six months (from $7,531 million), and value-added services revenue rose to $6,500 million for the six months ended March 31, 2026 versus $5,000 million a year earlier (increase $1,500 million).
Key facts
- Net revenue for the three months ended March 31, 2026: $11,230 million. source
- Net revenue for the six months ended March 31, 2026: $22,131 million. source
- Data processing revenue for the three months ended March 31, 2026: $5,543 million. source
- Service revenue for the three months ended March 31, 2026: $4,981 million. source
- Basic earnings per share for Class A common stock for the three months ended March 31, 2026: $3.15. source
- International transaction revenue for the three months ended March 31, 2026: $3,631 million. source
- For the three months ended March 31, 2026 net income was $6,021 million and for the three months ended March 31, 2025 net income was $4,577 million; diluted earnings per share were $3.14 and $2.32, respectively. source
- For the six months ended March 31, 2026 net income was $11,874 million and for the six months ended March 31, 2025 net income was $9,696 million; diluted earnings per share were $6.17 and $4.90, respectively. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +49.4% | Data processing revenue for the three months ended March 31, 2026: $5,543 million. |
| revenue | positive | realized | +44.4% | Service revenue for the three months ended March 31, 2026: $4,981 million. |
| revenue | positive | realized | +32.3% | International transaction revenue for the three months ended March 31, 2026: $3,631 million. |
| revenue | positive | realized | +26.9% | For the six months ended March 31, 2026 net revenue was $22,131 million and for the six months ended March 31, 2025 net revenue was… |
| net_income | positive | realized | +19.4% | For the six months ended March 31, 2026 net income was $11,874 million and for the six months ended March 31, 2025 net income was $9,696… |
| revenue | positive | realized | +14.6% | For the three months ended March 31, 2026 net revenue was $11,230 million and for the three months ended March 31, 2025 net revenue was… |
| net_income | positive | realized | +12.9% | For the three months ended March 31, 2026 net income was $6,021 million and for the three months ended March 31, 2025 net income was… |
| revenue | positive | realized | — | Net revenue for the three months ended March 31, 2026: $11,230 million. |
| revenue | positive | realized | — | Net revenue for the six months ended March 31, 2026: $22,131 million. |
| revenue | positive | realized | — | International transaction revenue increased over the three and six-month prior-year comparable periods primarily due to growth in nominal… |
| revenue | positive | realized | — | Nominal payments volume growth of 10% supported service revenue increases. |
| net_income | positive | realized | — | Net income for the three months ended March 31, 2026: $6,021 million. |