Visa Beats Fourth-Quarter Estimates and Raises Its Dividend 16%, but Its 2027 Outlook Cools the Stock

The world's biggest card network had a record year, yet investors focused on a forecast that points to slower profit growth ahead.

How did Visa do, and why did the stock slip?

Visa (V) reported fiscal fourth-quarter adjusted earnings of $3.48 a share on Tuesday, Oct. 27, 2026, beating the $3.44 analysts expected, on revenue of $12.1 billion, up 13%. It raised its dividend 16%. But a forecast for slower 2027 profit growth pushed the stock down about 1% to 2% after hours.

Visa released the results after the market closed on Tuesday, according to its earnings release filed with the SEC. The quarter ran from July through September. On a standard accounting basis, earnings were $3.19 a share, up 22%, and net income was $6.0 billion. Adjusted earnings, which strip out certain one-time items, rose 17%.

Revenue was roughly in line with Wall Street. Investing.com reported a consensus of $12.09 billion. For the full fiscal year, Visa's net revenue reached a record $45.9 billion, up 15%, and adjusted earnings per share rose 16% to $13.27.

What drove the quarter?

Visa makes money mostly from fees when people swipe, tap or type in a card number. It does not lend money or take the credit risk on card balances, so its results show how much people spend more than whether they can pay their bills.

Payments volume, the dollar value of purchases on Visa cards, grew 9% from a year earlier after adjusting for currency swings. Cross-border volume, which includes spending by travelers abroad and online purchases from foreign sellers, rose 14% excluding payments within Europe. Cross-border fees tend to be among Visa's most profitable. The company processed 74.2 billion transactions in the quarter, up 10%.