Visa reports quarterly profit up 18% to $6 billion
Revenue rose 13% to $12.1 billion as payment and cross-border activity increased. Visa also raised its quarterly cash dividend by 16% to $0.780 per share.
Loading… Բեռնվում է…
Revenue rose 13% to $12.1 billion as payment and cross-border activity increased. Visa also raised its quarterly cash dividend by 16% to $0.780 per share.
Visa reported fiscal fourth-quarter net income of $6 billion on 27 October, up 18% from $5.1 billion a year earlier. Client incentives also rose, increasing 21% to $5.1 billion.
In the three months ended 30 September 2026, net revenue rose 13% to $12.1 billion and earnings per share increased to $3.19 from $2.62. Visa earns fees from processing transactions, linking its business to activity on its payments network.
The quarterly increase in client incentives was largely driven by new deals, Reuters said in an account published by CNA. The $5.1 billion is a reported fourth-quarter amount, separate from Visa’s forecast for the coming fiscal year.
Finance chief Chris Suh told analysts that Visa expects contracts covering about 25% of payment volumes to renew in fiscal 2027, including contracts with several large clients. That compares with 20% in fiscal 2026. Suh said incentive growth would accelerate as those renewals take place.
Payment volume measures consumer and business spending on Visa’s network. Constant-dollar growth removes the effect of exchange-rate changes.
| Measure |
|---|
The satellite operator expects access to more than twice OneWeb’s current bandwidth in return for spending in 2027–2034, with initial IRIS² services expected from 2030.
3 min
| Year-on-year growth |
|---|
| Payment volume | 9% |
| Cross-border volume, excluding transactions within Europe | 14% |
| Transactions processed | 10% |
Reuters linked the profit growth to travel, shopping and dining spending, describing resilient US consumers supported by a strong labour market and wage growth. The football World Cup, held from 11 June to 19 July, also boosted network activity by bringing visitors to the United States.
Microsoft reported $33.17 billion in Azure revenue and a 22% year-over-year decline in Windows OEM and devices revenue. Its reporting overhaul brings quarterly disclosure of Azure’s dollar contribution.
2 min
The US wireless carrier’s third-quarter service revenue rose 6% to $19.4 billion as it raised its expectations for the full year.
1 min
Update ·
Adds Visa’s 21% rise in client incentives to $5.1 billion and its forecast that contracts covering about 25% of payment volumes will renew in fiscal 2027, versus 20% in 2026.