In the fiscal third quarter of 2026, Visa's key operational drivers showed strong year-over-year expansion, led by a 10% increase in total processed transactions, which reached 71.7 billion. Payments volume grew 10% on a constant-dollar basis (11% in nominal dollars), reflecting resilient consumer and business spending. International transactions also demonstrated robust momentum, with total cross-border volume increasing 13% on a constant-dollar basis (15% in nominal dollars).
Meanwhile, cross-border volume excluding transactions within Europe grew 12% on a constant-dollar basis (14% in nominal dollars). These strong operating metrics directly supported Visa's top-line performance, driving a 14% year-over-year increase in net revenue to $11.6 billion for the quarter.
Key Financial Metrics
Visa demonstrated overall operational strength in Q3 FY 2026, marked by expanding profitability metrics, even as aggressive share repurchases and cash returns temporarily tightened liquidity and reduced book value per share.