Visa
Processes payments and provides money movement, fraud, acceptance and issuer services.
Something off on this page? Send us feedback.
Profile
Processes consumer, commercial and cross-border payments, earning fees from network services, transaction processing, currency conversion and value-added tools. Banks issue the cards and carry cardholder credit risk, while the network connects participants across a geographically broad acceptance footprint.
Connects consumers, merchants, financial institutions and governments through VisaNet, which authorizes, clears and settles digital payments in more than 200 countries and territories. Revenue comes from services tied to payment volume, transaction processing, cross-border activity and currency conversion, plus licensing and other fees.
Extends beyond consumer credit, debit and prepaid credentials through Commercial and Money Movement Solutions, including Visa Direct and commercial cards, and Value-Added Services for issuing, acceptance, fraud prevention, security and advisory work. The same network connectivity and transaction data support both core payments and these adjacent services.
Most revenue is earned outside the United States. Banks and other clients issue cards, set account terms and carry cardholder credit risk; operations depend on their participation and on merchants accepting its credentials. Interchange, routing, data-localization and domestic-processing rules shape where and how the network operates.
Company facts
Key statistics
Year to date +10.1% · Average volume (30d) 6.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Outperform | $435 | $460 |
| Aug 5, 2026 | Truist Financial | Target | $394 | $406 | |
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $410 | $445 |
| Jul 30, 2026 | Wells Fargo | Reiterate | Overweight | $412 | $432 |
| Jul 29, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $400 | $410 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q3 FY26 | $3.23 | $3.32 | +2.8% | $11.40B | $11.63B | +2.0% | +0.58% |
| Apr 28, 2026Q2 FY26 | $3.10 | $3.31 | +6.8% | $10.75B | $11.23B | +4.5% | +8.26% |
| Jan 29, 2026Q1 FY26 | $3.14 | $3.17 | +1.0% | $10.69B | $10.90B | +2.0% | −3.00% |
| Oct 28, 2025Q4 FY25 | $2.97 | $2.98 | +0.3% | $10.62B | $10.72B | +1.0% | −1.62% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.59B | $10.17B | $10.72B | $10.90B | $11.23B | $11.63B | |
| Gross profit | $7.71B | $8.20B | $8.74B | $8.90B | $9.13B | $8.90B | |
| Operating income | $5.44B | $6.18B | $6.15B | $6.74B | $7.23B | $6.88B | |
| Net income | $4.58B | $5.27B | $5.09B | $5.85B | $6.02B | $5.63B | |
| Diluted EPS | $2.32 | $2.69 | $2.62 | $3.03 | $3.14 | $2.97 | |
| Gross margin | 80.4% | 80.6% | 81.5% | 81.7% | 81.3% | 76.5% | |
| Operating margin | 56.6% | 60.7% | 57.3% | 61.8% | 64.4% | 59.1% |
Fiscal years (4-quarter sums)FY21 $24.11B · FY22 $29.31B · FY23 $32.65B · FY24 $35.93B · FY25 $40.00B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $13.79B · Total debt $23.86B · Total assets $94.59B · Shareholders' equity $35.18B
Dividends
Raised for 16 straight years — most recently to $0.67 from $0.59 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Sep 1 | $0.67 | |
| May 12, 2026 | May 12 | Jun 1 | $0.67 | |
| Feb 10, 2026 | Feb 10 | Mar 2 | $0.67 | |
| Nov 12, 2025 | Nov 12 | Dec 1 | $0.67 | raised from $0.59 |
| Aug 12, 2025 | Aug 12 | Sep 2 | $0.59 | |
| May 13, 2025 | May 13 | Jun 2 | $0.59 | |
| Feb 11, 2025 | Feb 11 | Mar 3 | $0.59 | |
| Nov 12, 2024 | Nov 12 | Dec 2 | $0.59 | raised from $0.52 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.87B · Float 1.70B · 90.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 137.67M | 7.37% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 106.15M | 5.69% | 13F | Aug 13, 2026 |
| State Street Corp | 82.87M | 4.44% | 13F | Aug 7, 2026 |
| Morgan Stanley | 45.96M | 2.46% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 45.29M | 2.43% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Ryan Mcinerney | director, officer: Chief Executive Officer | −5,875 | $367.87 |
| Aug 21, 2026 | Rajat Taneja | officer: PRESIDENT, TECHNOLOGY | −17,927 | $371.00 |
| Jul 30, 2026 | Tullier Kelly Mahon | officer: VICE CHAIR, CHF PPL & CORP AFF | −57,272 | $364.97 |
| Jul 2, 2026 | Julie B. Rottenberg | officer: GENERAL COUNSEL | −2,027 | $360.00 |
| Jun 29, 2026 | Ryan Mcinerney | director, officer: Chief Executive Officer | −20,970 | $340.25 |
Peers
- Mastercard
Global four-party card network competing on every rail and service Visa touches
- American Express
Closed-loop global network competing for payments volume and premium card spend
- PayPal
Digital wallet and A2A rails that contest consumer debit and P2P money movement
- Block
Cash App and Square contest the wallet, BNPL, and acquiring layers
- Capital One
Integrated issuer + network routing spend off card rails post-Discover deal
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Visa | $381.03 | −0.14% | $712.47B | 32.4 | 26.4 | 16.0 | +14.4% |
| Mastercard | $595.33 | −0.00% | $522.10B | 32.7 | 28.0 | 14.9 | +14.1% |
| American Express | $333.50 | +0.10% | $225.01B | 20.2 | 17.9 | 2.7 | +10.0% |
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Capital One | $223.60 | +3.64% | $132.31B | 13.3 | 9.9 | 1.7 | +26.0% |
| Median | 20.2 | 17.9 | 2.0 | +10.0% |