Q1 2026 Visa Inc Earnings Call Transcript
Key Points
- Visa Inc (V) reported strong financial results with net revenue up 15% year over year to $10.9 billion and EPS up 15%.
- Payments volume grew 8% year over year in constant dollars to nearly $4 trillion, and processed transactions grew 9% year over year, totaling $69 billion.
- Visa Inc (V) continued to enhance its Visa credentials, with tap-to-pay penetration crossing the 80% mark globally and significant progress in digital wallet enablement.
- The company expanded its stablecoin capabilities, with stablecoin card issuances in over 50 countries and a stablecoin settlement run rate of $4.6 billion globally.
- Visa Inc (V) saw strong growth in its value-added services, with revenue growing 28% year over year, driven by demand for advisory and marketing services.
- Visa Inc (V) experienced lower than expected currency volatility, which negatively impacted international transaction revenue.
- The company faced a slight step down in US payments volume growth, primarily due to a Visa Direct client moving volume to its own solution and other small factors.
- Operating expenses grew 16%, above expectations, due to unfavorable foreign exchange impacts and higher marketing expenses.
- Visa Inc (V) anticipates a step up in incentive growth rate in Q2, which could impact net revenue growth.
- The regulatory environment remains a concern, with potential negative impacts from proposed legislation like the CCCA.
Welcome to Visa's fiscal first-quarter 2026 earnings conference call. (Operator Instructions) Today's conference is being recorded. If you have any objections, you may disconnect at this time.
I would like to now introduce to your conference -- 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 first-quarter 2026 earnings call. Joining us today are Ryan McInerney, Visa's Chief Executive Officer; and Chris Suh, 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 have been posted on our IR website.
Let me also remind you that this presentation includes forward-looking statements.
These statements are not guarantees
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