Visa Inc. (V) — Q3 2026 Earnings Preview
Key Points: What to Watch for in Q3 2026
| Factor | Details & Signals to Watch |
|---|---|
| Revenue Growth | Consensus: $11,383M (+13% YoY est.). Guidance: Low double-digit to low teens. Q2 actual: $11,230M (+17%). |
| Value-Added Services (VAS) | Q2: +27% YoY, now ~30% of revenue. Watch for sustainability of >25% growth and FIFA/Olympics impact. |
| Commercial & Money Movement | Q2: +24% YoY revenue, 11% volume growth. Monitor for continued outperformance and deal timing effects. |
| Cross-Border Volume | Q2: +11% YoY ex-intra-Europe. April: +9% (travel +5%, e-comm +14%). Watch for Middle East conflict impact. |
| Consumer Spend/US Payments | Q2: US PV +8% YoY, April +9%. Look for continued resilience, especially in discretionary and debit/credit. |
| FX Volatility | Q2: Higher than expected, but still a YoY drag. Q3 guide assumes normalization. |
