Filing Flows › Visa (V) › Q4 FY26
Visa (V) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Nov 5, 2026
Visa (V) reported revenue of $12.1B for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +4% from the quarter before. Operating margin was 59.8%, net earnings $6.0B (49.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1B | +4% | +13% |
| Operating profit | $7.3B | +6% | +18% |
| Net earnings | $6.0B | +7% | +18% |
| Operating cash flow | $7.4B | +13% | +18% |
| Free cash flow | $6.9B | +12% | +18% |
What changed
Revenue was $12.1B in Q4 FY26, up 13% year over year and up 4% from the previous quarter.
Operating profit was $7.3B, a 59.8% margin (up 2.5 points year over year). Of the extra revenue versus Q4 FY25, 79% reached operating profit, above the 57% margin then. Total costs grew 7% against revenue growth of 13%. The fastest-growing cost line was General & admin (+52%). Net earnings were $6.0B, up 18% year over year. The effective tax rate was 18.5%.
Operating cash flow was $7.4B (up 18% year over year), 123% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items added $0.81B. Capital expenditures of $0.49B left free cash flow of $6.9B.
Questions
What was Visa's revenue in the fourth quarter fiscal 2026?
Visa (V) reported revenue of $12.1B for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +4% from the quarter before.
Was Visa profitable in the fourth quarter fiscal 2026?
Operating profit was $7.3B (59.8% of revenue) and net earnings $6.0B.
Source: Visa 10-K on SEC EDGAR.