V · 10-Q · 2026Q2 · Full report

FX / Currency Impact

VISA INC. · 2026-07-29 · Importance 30 · Surprise 24

Exchange-rate movements increased Visa’s net revenue growth by approximately one percentage point in both the three and nine months ended June 30, 2026. Local-currency payments volume and related revenue are converted into U.S. dollars, so U.S.-dollar strengthening or weakening affects reported results. Visa stated that foreign-exchange movements and volatility have caused periodic variability and may continue to do so.

Key facts

• Exchange rate movements increased net revenue growth by approximately one percentage point for the three and nine months ended June 30, 2026.
• Exchange rate movements increased operating expense growth by approximately one percentage point for the three months and one-and-a-half percentage points for the nine months ended June 30, 2026.