Q3 2026 Visa Inc Earnings Call Transcript
Key Points
- Visa Inc (V) reported a 14% year-over-year increase in net revenue to $11.6 billion, surpassing expectations.
- Quarterly payments volume grew 10% year-over-year in constant dollars, crossing $4 trillion for the first time in Visa's history.
- Visa's value-added services revenue grew 34% in constant dollars, driven by strong performance in marketing services and other portfolios.
- Visa Direct transactions increased by 21% year-over-year, showcasing strong growth in both domestic and cross-border transactions.
- Visa Inc (V) continues to innovate with AI and stablecoin initiatives, positioning itself as a leader in the evolving payments landscape.
- Operating expenses grew 17%, driven by marketing and personnel expenses, which were above expectations.
- Visa Inc (V) faced a 6% growth in international transaction revenue, which was below the 12% increase in constant dollar cross-border volume growth.
- The company announced workforce reductions, primarily in technology and product teams, to drive efficiency.
- Visa Inc (V) anticipates a more significant drag from volatility in Q4, impacting financial performance.
- Despite strong results, Visa Inc (V) faces uncertainty in the Middle East and less FIFA-related revenue in the upcoming quarter.
Welcome to Visa Fiscal third quarter 2026 conference call. All participants are on a listen-only mode until the question-and-answer session.
Today's conference is being recorded. (Operator instructions)
I would now like to turn the conference over to your host, Ms. Jennifer Como, Senior Vice President and Global Head of Investor Relations. Ms. Como, you may begin.
Thank you. Good afternoon, everyone, and welcome to Visa's fiscal third quarter 2026 earnings call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer and Chris Sa, Visa's Chief Financial Officer. This call is being webcast on the Investor Relations section of our website at investor.visa.com. A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights has been posted on our IR website.
Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of future
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