Q2 26 EPS
$3.31
BEAT +6.77%
Est. $3.10
Q2 26 Revenue
$11.23B
vs S&P Since Q2 26
+3.3%
BEATING MARKET
V +11.7% vs S&P +8.4%
Market Reaction
Did V Beat Earnings? Q2 2026 Results
Visa posted a standout fiscal second quarter, with adjusted diluted EPS of $3.31 clearing the $3.10 consensus estimate by 6.77% and extending the company's streak of consensus beats to four consecutive quarters. Revenue climbed 17.1% year over year t… Read more Visa posted a standout fiscal second quarter, with adjusted diluted EPS of $3.31 clearing the $3.10 consensus estimate by 6.77% and extending the company's streak of consensus beats to four consecutive quarters. Revenue climbed 17.1% year over year to $11.23 billion, the strongest quarterly growth pace since 2022, driven by broad-based momentum across its payments network. Data processing revenue led the way, rising 18% to $5.54 billion, while payments volume grew 9% on a constant-dollar basis and processed transactions reached 66.1 billion, up 9%. Cross-border volume excluding intra-Europe rose 11%, reflecting continued strength in international travel and commerce. Capital return activity was particularly aggressive, with Visa repurchasing approximately 25 million shares for $7.90 billion and delivering $9.20 billion in total shareholder returns during the quarter, while the board authorized a fresh $20.00 billion buyback program. Adding a structural note to the quarter, Visa also completed its long-anticipated exchange of Class B common stock, with approximately 98% of outstanding shares tendered, drawing significant engagement from institutional holders across the financial sector.
Key Takeaways
- • Payments volume grew 9% on a constant-dollar basis
- • Cross-border volume excluding intra-Europe increased 11% on a constant-dollar basis
- • Total cross-border volume increased 12% on a constant-dollar basis
- • Processed transactions grew 9% to 66.1 billion
- • Consumer spending remained resilient
- • Strong performance in consumer payments, commercial and money movement solutions and value-added services
- • Lower litigation provision reduced GAAP operating expenses year-over-year
V YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
V Revenue by Segment
With YoY comparisons, source: SEC Filings
“Visa's second quarter net revenue growth of 17% was the highest since 2022, driving GAAP EPS up 36% and non-GAAP EPS up 20%. Consumer spending remained resilient, and our strategy and innovations fueled strong performance in consumer payments, commercial and money movement solutions and value-added services. Throughout the quarter, we continued to enhance our Visa as a Service stack, including with agentic and stablecoin capabilities, to further strengthen our position as the leading hyperscaler of payments globally and drive growth for years to come.”
— Ryan McInerney, Q2 2026 Earnings Press Release
V Earnings Trends
V vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
V EPS Trend
Earnings per share: estimate vs actual
V Revenue Trend
Quarterly revenue: estimate vs actual
V Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $3.23 | $3.32 | +2.76% | $11.63B | +2.03% |
| Q2 26 BEAT | $3.10 | $3.31 | +6.77% | $11.23B | — |
| Q1 26 BEAT | $3.14 | $3.17 | +0.88% | $10.90B | +1.98% |
| Q4 25 BEAT FY | $2.97 | $2.98 | +0.28% | $10.72B | +1.00% |
| FY Full Year | $11.44 | $11.47 | +0.24% | $40.00B | +0.27% |
| Q3 25 BEAT | $2.85 | $2.98 | +4.68% | $10.17B | +3.30% |
| Q2 25 BEAT | $2.68 | $2.76 | +3.00% | $9.59B | +0.47% |