Visa has reported net income of $10.9bn for its fiscal first quarter of 2026, which ended on 31 December 2025. The figure topped Wall Street forecasts of $10.69bn and represents a 15% increase from $9.5bn recorded in the same period a year earlier.
The company said the performance was supported by year-over-year growth in payments volume, cross-border volume and processed transactions. The payments major also reported that net revenue rose 13% on a constant-dollar basis.
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Payments volume for the three months increased 8% over the prior year on a constant-dollar basis, while cross-border volume excluding transactions within Europe increased 11% on a constant-dollar basis over the prior year.
Total cross-border volume on a constant-dollar basis increased 12% over the prior year.
Total processed transactions, which represent transactions processed by Visa, for the three-month period ending 31 December 2025, were 69.4 billion, a 9% increase over the prior year.
GAAP net income in the fiscal first quarter was $5.9bn or $3.03 per share, an increase of 14% and 17%, respectively, over prior year’s results.
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By GlobalDataVisa said the current year’s results included special items of $707m linked to a litigation provision related to the interchange multidistrict litigation (MDL) case, as well as $333m from a deferred tax benefit recognised following a change in US taxation of certain foreign earnings.
It also includes $7m of net losses from equity investments and $66m related to the amortisation of acquired intangible assets and acquisition-related costs.
Visa CEO Ryan McInerney said: “Visa delivered a very strong fiscal first quarter with net revenue up 15% year-over-year, GAAP EPS up 17% and non-GAAP EPS up 15%, driven by resilient consumer spending and a strong holiday season, as well as continued strength in value-added services and commercial and money movement solutions.
“Our purposeful investments in our Visa as a Service stack continue to position us as a payments hyperscaler to deliver technology and infrastructure that redefine what’s possible in payments.”
In its most recent prior-quarter update, Visa reported a 4% drop in net income in the fourth quarter of fiscal year 2025 to $5.1bn.
