By Janet H. Cho

Visa reported better-than-expected adjusted earnings and revenue for its fiscal first quarter, boosted by strong card user spending.

For the first quarter of its 2026 fiscal year ended Dec. 31, Visa posted adjusted earnings of $3.17 a share, up 15% from the year-ago quarter. The payments giant reported net revenue of $10.9 billion, also up 15%, driven by growth in payments volume, cross-border volume, and processed transactions.

Analysts tracked by FactSet expected adjusted earnings of $3.14 a share on revenue of $10.39 billion.

For full-year fiscal 2026, analysts expect Visa to report earnings of $12.81 a share, on revenue of $44.48 billion.

Visa's shares were down 1.4% on Thursday afternoon, though they are up 5.4% this year compared with the S&P 500's 1.4% gain. Visa is down 3.3% over the past 12 months.

Visa and Mastercard have been under pressure after President Donald Trump called for a one-year, 10% cap on credit card interest rates. That's half of the current average U.S. credit-card annual interest rate of 19.65%, and a third of the average 30.14% rate charged by store credit cards, according to Bankrate. Some analysts told Barron's the impact of such a change might not be as bad on the credit card companies as initially feared.

Visa management will discuss first-quarter financial results at a conference call at 5 p.m. Eastern time on Thursday.

This is breaking news. Please check back for further updates.

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January 29, 2026 16:32 ET (21:32 GMT)

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