Filing Flows › Visa (V) › Q3 FY26
Visa (V) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 29, 2026
Visa (V) reported revenue of $11.6B for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +4% from the quarter before. Operating margin was 59.1%, net earnings $5.6B (48.4% of revenue).
Visa, Q3 FY26: revenue $11.6B (+14% year over year), operating margin 59.1%, net earnings $5.6B, operating cash flow $6.6B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.6B | +4% | +14% |
| Operating profit | $6.9B | -5% | +11% |
| Net earnings | $5.6B | -7% | +7% |
| Operating cash flow | $6.6B | +118% | -3% |
| Free cash flow | $6.1B | +134% | -3% |
What changed
Revenue was $11.6B in Q3 FY26, up 14% year over year and up 4% from the previous quarter.
Operating profit was $6.9B, a 59.1% margin (down 1.6 points year over year). Of the extra revenue versus Q3 FY25, 48% reached operating profit, below the 61% margin then. Total costs grew 19% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+54%). Net earnings were $5.6B, up 7% year over year. The effective tax rate was 17.6%.
Operating cash flow was $6.6B (down 3% year over year), 116% of net earnings. Non-cash charges added back $0.37B of depreciation and amortization and $0.22B of share-based compensation. Working capital and other items added $0.34B. Capital expenditures of $0.42B left free cash flow of $6.1B.
Questions
What was Visa's revenue in the third quarter fiscal 2026?
Visa (V) reported revenue of $11.6B for the third quarter fiscal 2026 (Q3 FY26), +14% from a year earlier and +4% from the quarter before.
Was Visa profitable in the third quarter fiscal 2026?
Operating profit was $6.9B (59.1% of revenue) and net earnings $5.6B.
Source: Visa 10-Q on SEC EDGAR.