Filing Flows › Visa (V) › Q2 FY26
Visa (V) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 29, 2026
Visa (V) reported revenue of $11.2B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +3% from the quarter before. Operating margin was 64.4%, net earnings $6.0B (53.6% of revenue).
Visa, Q2 FY26: revenue $11.2B (+17% year over year), operating margin 64.4%, net earnings $6.0B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.2B | +3% | +17% |
| Operating profit | $7.2B | +7% | +33% |
| Net earnings | $6.0B | +3% | +32% |
| Operating cash flow | $3.0B | -56% | -36% |
| Free cash flow | $2.6B | -59% | -40% |
What changed
Revenue was $11.2B in Q2 FY26, up 17% year over year and up 3% from the previous quarter.
Operating profit was $7.2B, a 64.4% margin (up 7.8 points year over year). Of the extra revenue versus Q2 FY25, 110% reached operating profit, above the 57% margin then. Total costs fell 4% while revenue rose 17%. The fastest-growing cost line was Sales & marketing (+43%). Net earnings were $6.0B, up 32% year over year. The effective tax rate was 16.1%.
Operating cash flow was $3.0B (down 36% year over year), 50% of net earnings. Non-cash charges added back $0.33B of depreciation and amortization and $0.28B of share-based compensation. Working capital and other items used $3.6B. Capital expenditures of $0.38B left free cash flow of $2.6B.
Questions
What was Visa's revenue in the second quarter fiscal 2026?
Visa (V) reported revenue of $11.2B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +3% from the quarter before.
Was Visa profitable in the second quarter fiscal 2026?
Operating profit was $7.2B (64.4% of revenue) and net earnings $6.0B.
Source: Visa 10-Q on SEC EDGAR.