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Visa ended its 2026 fiscal year with record net revenue of $45.9 billion, up 15%, after a fourth quarter in which revenue rose 13% to $12.1 billion, Reuters reported on 27 October. Card spending on travel, shopping and dining held up, and the company said stablecoin settlement on its network now runs at more than $25 billion a year.
Reporting by Reuters. Figures from Visa's earnings release of 27 October 2026.
Key figures
| Measure | Fiscal Q4 2026 | Fiscal year 2026 |
|---|---|---|
| Net revenue | $12.1 billion, up 13% | $45.9 billion, up 15% |
| GAAP net income | $6.0 billion ($3.19 a share) | $23.5 billion ($12.32 a share) |
| Non GAAP earnings per share | $3.48 | $13.27 |
| Payments volume growth (constant dollars) | 9% | 9% |
| Cross border volume excluding intra Europe | 14% | 12% |
| Processed transactions growth | 10% (74.2 billion in the quarter) | 9% |
Source: Visa earnings release, quarter and year to 30 September 2026.
What drove the quarter
Reuters said spending in the United States stayed resilient, supported by a strong labour market and wage growth. The FIFA World Cup, held from 11 June to 19 July, brought many visitors to the United States and added activity on Visa's network, according to the report.
Cross border volume, which tracks international travel and online shopping across borders, grew faster than domestic spending. Visa also returned $25.6 billion to shareholders over the year through buybacks and dividends, and its board raised the quarterly dividend by 16% to $0.780 a share.
Visa shares fell more than 1% in extended trading after the results, Reuters reported.
Stablecoins move from pilot to volume
On the earnings call, Chief Executive Ryan McInerney said Visa's stablecoin settlement run rate had passed $25 billion in annualised volume, about ten times the level of a year earlier, and that the network now supports 10 blockchains. A run rate is an annualised figure based on current activity, not the total settled during the year.
For banks and fintechs, stablecoin settlement lets them pay Visa in a digital dollar token instead of a traditional bank transfer, which can work outside banking hours. It remains small next to Visa's total volume, but it is growing quickly.
Why it matters
Visa and Mastercard sit underneath most card payments worldwide, so their results are a good read on consumer spending. The stablecoin numbers show the card networks are adding blockchain settlement to their existing rails rather than being replaced by it. See our Visa profile and our guide to how card payments work.
Sources
Primary sources we checked for this page. Trademarks belong to their owners. Links open the original.
- Reuters (via Investing.com): Visa quarterly profit jumps as consumer spending holds up (accessed 3 November 2026)
- Visa Inc.: Visa Reports Fiscal Fourth Quarter and Full-Year 2026 Results (earnings release) (accessed 3 November 2026)
- Visa Inc.: Visa Fiscal Fourth Quarter and Full-Year 2026 Financial Results (accessed 3 November 2026)
- Investing.com: Earnings call transcript: Visa tops Q4 2026 estimates (accessed 3 November 2026)
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