Visa runs the payment network behind billions of debit and credit cards — it takes a tiny cut of each transaction.
Visa Inc. (V) reported Q2 FY26 results on July 28, 2026. Earnings per share came in at $3.32 against a $3.23 consensus, so the company beat on the bottom line. Revenue of $11.63B landed above the $11.40B estimate. V has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Operator: “Welcome to Visa's Fiscal Second Quarter 2026 Earnings Conference Call.”
Chief Executive Officer: “In our fiscal second quarter, net revenue was up 17% year-over-year to $11.2 billion and EPS was up 20%.”
Chief Financial Officer: “We delivered an outstanding second quarter with strong revenue and profit growth, driven by effective execution of our strategy and the resilience of our diversified business model.”
Analyst: “Just thinking about Ryan and Chris, what you went through — I think it was the largest revenue upside that we've seen in 3 or 4 years — so just trying to disaggregate it.”
Chief Financial Officer: “We're very pleased to see that, both net revenue and non-GAAP EPS coming in better than we expected.”
What moved the stock
Highlights from V's Jul 28 report: EPS of $3.32 — a beat vs the $3.23 estimate (+3%); revenue of $11.63B — a beat vs the $11.40B consensus (+2%). Focus now shifts to payments volume, cross-border travel, and value-added services.