Visa (V) official guidance
Visa (V) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
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1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTC19%new
Our tax rate is expected to be about 19%, consistent with our long-term tax rate range of 19%-20%, up from 2026, primarily due to the lack of claim of right benefits.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.Q1 FY2027 · ends 2026-12-31
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTC18.5% – 19%new
Non-operating expense is expected to be about $60 million, and our tax rate in the first quarter is expected to be between 18.5% and 19%.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2027 · ends 2027-09-30
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow double digits to low teensnew10% – 13% vs FY2026
All of this results in our adjusted EPS growth to be in the low double digits to low teens.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.Q1 FY2027 · ends 2026-12-31
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow end of mid-teensnew14% – 16% vs Q1 FY2026
As a result, we expect first quarter EPS growth to be in the low end of mid-teens.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2027 · ends 2027-09-30
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTC$250M – $300Mnew
Now moving to non-operating expense, which is expected to be between $250 million and $300 million, primarily as a result of lower cash balances.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.Q1 FY2027 · ends 2026-12-31
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTC$60Mnew
Non-operating expense is expected to be about $60 million, and our tax rate in the first quarter is expected to be between 18.5% and 19%.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2027 · ends 2027-09-30
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow double digitsnew10% – 13% vs FY2026
For 2027, we currently expect to grow adjusted operating expense in the low double digits, modestly below net revenue growth.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.Q1 FY2027 · ends 2026-12-31
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow double digitsnew10% – 13% vs Q1 FY2026
We expect Q1 operating expense growth also in the low double digits, modestly below net revenue growth.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2027 · ends 2027-09-30
2 metrics2 newearnings call · 13d
2026-10-27 22:36:36 UTC25%new
On incentives, 2027 will be an important year in securing our long-term client relationships to drive long-term success, as we're expecting around 25% of our payments volume to be renewed, including renewals with several large clients.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
2026-10-27 22:36:36 UTClow double digitsnew10% – 13% vs FY2026
Pulling this all together with strength across our growth pillars of Consumer, CMS, and VAS, we expect full-year adjusted net revenue growth to be in the low double digits, with Q2 being the growth low point as a result of lapping the very strong performance last year.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.Q1 FY2027 · ends 2026-12-31
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow double digitsnew10% – 13% vs Q1 FY2026
We expect Q1 net revenue growth in the low double digits, just under a point below Q4 adjusted net revenue growth, primarily due to a lack of FIFA-related revenue and pricing.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2027 · ends 2027-09-30
1 metric1 newearnings call · 13d
2026-10-27 22:36:36 UTClow to mid-20snew20% – 26% vs FY2026
That is what drove the 30% VAS constant dollar revenue growth in 2026 and is why we expect strong VAS growth in the low to mid-20s in 2027.
V · transcript · Q4 FY2026
2026-10-27 22:36:00 UTCOpen source
VVISA INC.FY2026 · ends 2026-09-30
1 metric1 loweredearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTC18% – 18.3%lowered -0.7%
Our tax rate for the full year is expected to be between 18% and 18.25%.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-04-29 04:01:01 UTC18% – 18.5%maintained
We have no change to the range for our tax rate between 18% and 18.5%, although we do believe it will be closer to the low end of that range.
V · transcript · Q2 FY2026
2026-04-29 04:00:00 UTCOpen source
2026-01-30 05:00:54 UTC18% – 18.5%lowered -2.7%
On our tax rate, as a result of the claim of right tax benefits related to recent and anticipated legal settlements, we now expect our full-year rate to be lower than we guided, between 18%-18.5%.
V · transcript · Q1 FY2026
2026-01-30 05:00:00 UTCOpen source
2025-10-29 04:01:31 UTC18.5% – 19%new
When we incorporate our current tax planning strategies, we expect the tax rate to be between 18.5% and 19%, up from 2024 and 2025, primarily due to the absence of one-time benefits.
V · transcript · Q4 FY2025
2025-10-29 04:00:00 UTCOpen source
VVISA INC.Q4 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTC19%new
Our tax rate in the fourth quarter is expected to be around 19%.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
VVISA INC.FY2026 · ends 2026-09-30
1 metric1 raisedearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTCin the low end of mid-teensraised +26.1%14% – 15% vs FY2025
As a result, we expect full-year EPS growth to now be in the low end of mid-teens.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-04-29 04:01:01 UTClow teensmaintained10% – 13% vs FY2025
This implies adjusted EPS growth in the low teens, also revised up from our prior outlook.
V · transcript · Q2 FY2026
2026-04-29 04:00:00 UTCOpen source
2026-01-30 05:00:54 UTCin the low double digitsmaintained10% – 13% vs FY2025
This implies adjusted EPS growth in the low double digits, albeit a bit higher in the range than previously guided, primarily due to the change in tax rate.
V · transcript · Q1 FY2026
2026-01-30 05:00:00 UTCOpen source
2025-10-29 04:01:31 UTClow double digitsnew10% – 13% vs FY2025
All of this results in our adjusted EPS growth to be in the low double digits.
V · transcript · Q4 FY2025
2025-10-29 04:00:00 UTCOpen source
VVISA INC.Q4 FY2026 · ends 2026-09-30
2 metrics2 newearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTCin the low end of mid-teensnew14% – 15% vs Q4 FY2025
As a result, we expect fourth quarter EPS growth to be in the low end of mid-teens.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-29 04:01:03 UTCslightly above Q3new
When we combine that with some new business we've won, this puts Q4 incentive growth slightly above Q3 on a nominal basis.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
VVISA INC.FY2026 · ends 2026-09-30
1 metric1 raisedearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTC$165Mraised +10.0%
Non-operating expense for the full year is expected to be about $165 million.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-04-29 04:01:01 UTC$150Mraised +33.3%
Our expectation for non-operating expense is now approximately $150 million as a result of the first half and our increased debt levels and interest rate estimates.
V · transcript · Q2 FY2026
2026-04-29 04:00:00 UTCOpen source
2026-01-30 05:00:54 UTC$100M – $125Mlowered -25.0%
As a result of Q1, our expectations for non-operating expense are now between approximately $100 million and $125 million.
V · transcript · Q1 FY2026
2026-01-30 05:00:00 UTCOpen source
2025-10-29 04:01:31 UTC$125M – $175Mnew
In 2026, based on current interest rate forward curves, we now expect non-operating expense of $125 million to $175 million.
V · transcript · Q4 FY2025
2025-10-29 04:00:00 UTCOpen source
VVISA INC.Q4 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTC$80Mnew
Non-operating expense is expected to be about $80 million.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
VVISA INC.FY2026 · ends 2026-09-30
1 metric1 loweredearnings call · 2026-07-29 04:01:03 UTC
2026-07-29 04:01:03 UTCin the low end of low teenslowered -8.7%10% – 11% vs FY2025
We expect full-year operating expense growth in the low end of low teens.
V · transcript · Q3 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-04-29 04:01:01 UTClow double-digit to low teensmaintained10% – 13% vs FY2025
On the expense side, largely due to the increased client demand for FIFA-related marketing services, we also expect low double-digit to low teens operating expense growth.
V · transcript · Q2 FY2026
2026-04-29 04:00:00 UTCOpen source
2026-01-30 05:00:54 UTCin the low double digitsmaintained10% – 13% vs FY2025
On the expense side, we have no material changes to our prior full-year guidance and still expect adjusted operating expense growth to be in the low double digits for the year.
V · transcript · Q1 FY2026
2026-01-30 05:00:00 UTCOpen source
2025-10-29 04:01:31 UTClow double digitsnew10% – 13% vs FY2025
We currently expect to grow adjusted operating expense in the low double digits, consistent with our net revenue growth.
V · transcript · Q4 FY2025
2025-10-29 04:00:00 UTCOpen source