Visa Q3 adjusted profit tops estimates on record cross-border volume growth

Visa

28/07/2026 21:14

Overview
U.S. digital payments firm's fiscal Q3 net revenue rose 14% yr/yr, driven by volume growth
Adjusted EPS for fiscal Q3 beat analyst expectations
Company repurchased $4.9 bln in shares during the quarter

Outlook
Visa did not provide specific guidance for the current or upcoming periods

Result Drivers
VOLUME GROWTH - Co said net revenue growth was driven by increases in payments volume, cross-border volume and processed transactions
CROSS-BORDER ACTIVITY - Cross-border volume excluding intra-Europe rose 12% yr/yr, supporting international transaction revenue
DATA PROCESSING REVENUE - Data processing revenue increased 17% yr/yr to $6.0 bln, contributing to overall revenue growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$3.32
$3.23 (30 Analysts)
Q3 EPS
 
$2.97
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 42 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Visa Inc is $410.00, about 13.1% above its July 27 closing price of $362.53
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
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July 28 - PayPal presses on with turnaround in pivotal quarter as sale questions linger
July 28 - TransUnion beats Q2 revenue estimates, raises 2026 revenue growth outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)