Filing Flows › Visa (V) › Q4 FY26 › vs Q3 FY26
Visa (V) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Visa's revenue rose $506M (+4%) from $11.6B in Q3 FY26 to $12.1B in Q4 FY26. Operating margin 59.8% against 59.1% (+0.7 pts).
Visa, Q4 FY26: revenue $12.1B (+13% year over year), operating margin 59.8%, net earnings $6.0B, operating cash flow $7.4B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 59.8% | 59.1% | +0.7 pts |
| Net margin | 49.4% | 48.4% | +1.1 pts |
| Free cash flow margin | 56.8% | 52.8% | +4.0 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $12.1B | $11.6B | $506M | +4% |
| Other income, net | $98.0M | −$44.0M | $142M | — |
| Operating profit | $7.3B | $6.9B | $385M | +6% |
| Costs & expenses | $4.9B | $4.8B | $121M | +3% |
| Pre-tax earnings | $7.4B | $6.8B | $527M | +8% |
| Sales & marketing | $711M | $649M | $62.0M | +10% |
| General & admin | $829M | $503M | $326M | +65% |
| Other operating costs | $3.3B | $3.6B | −$267M | -7% |
| Net earnings | $6.0B | $5.6B | $374M | +7% |
| Income tax | $1.4B | $1.2B | $153M | +13% |
| Depreciation & amortization | $377M | $367M | $10.0M | +3% |
| Share-based compensation | $200M | $222M | −$22.0M | -10% |
| Working capital & other | $807M | $337M | $470M | +139% |
| Operating cash flow | $7.4B | $6.6B | $832M | +13% |
| Free cash flow (OCF − capex) | $6.9B | $6.1B | $756M | +12% |
| Capital expenditures | $493M | $417M | $76.0M | +18% |
Questions
How much did Visa's revenue grow quarter over quarter in Q4 FY26?
Visa's revenue rose $506M (+4%) from $11.6B in Q3 FY26 to $12.1B in Q4 FY26. Operating margin 59.8% against 59.1% (+0.7 pts).