Visa ends fiscal 2026 with 13% revenue growth and a 16% dividend increase

Visa closed its fiscal 2026 with net revenue of $12.1 billion in the fourth quarter, up 13% from a year earlier, and raised its quarterly dividend 16%, according to the company's earnings release filed with an 8-K on Tuesday.

The payments network reported fiscal fourth-quarter GAAP net income of $6.0 billion, or $3.19 per share, up 18% and 22% respectively. Non-GAAP net income came to $6.6 billion, or $3.48 per share, up 13% and 17%.

A record year on the network

For the full fiscal year ended in September, Visa said net revenue reached $45.9 billion, up 15%, or 14% in constant dollars. GAAP net income was $23.5 billion, or $12.32 per share, and non-GAAP net income was $25.3 billion, or $13.27 per share, up 16% per share.

Chief Executive Ryan McInerney called it "a milestone year," saying in the release that revenue growth was the strongest in more than 15 years when the post-pandemic recovery and acquisitions are excluded. He described Visa as "the leading hyperscaler of payments globally" and said trust "is the next growth vector" heading into 2027.

What drove the quarter

The underlying business drivers stayed firm, according to the release. In constant dollars, payments volume rose 9% in the fourth quarter, total cross-border volume climbed 14%, cross-border volume excluding transactions within Europe also rose 14%, and processed transactions grew 10%. For the full year, payments volume grew 9% and processed transactions 9%.

Cross-border volume matters because international spending tends to carry richer fees than domestic card use, so double-digit growth there is one of the main levers behind Visa's revenue outpacing payments volume.

Cash back to shareholders

Visa returned $5.2 billion through buybacks and dividends in the fiscal fourth quarter and $25.6 billion over the full year, the company said. The board lifted the quarterly cash dividend to $0.780 per share, a 16% increase.

What to watch

Visa's release frames 2027 around new commerce technology and trust as growth themes. Investors will be looking at whether cross-border growth holds near its current mid-teens pace and how the company's outlook, discussed on its earnings call, compares with this year's 15% revenue growth.

Sources

1. Visa Inc. Form 8-K with fiscal fourth-quarter 2026 earnings release, filed Oct. 27, 2026 (accession 0001403161-26-000126)

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