Visa Inc. reports results on Tuesday 27 October, after the market closes. Revenue over the twelve months to Q3 2026 was $44.5 billion, which rose 14.4% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $2.98 | $2.97 |
| Dec '25 | $3.17 | $3.14 |
| Mar '26 | $3.31 | $3.10 |
| Jun '26 | $3.32 | $3.23 |
What analysts expect
For the quarter, the analysts’ average EPS estimate is $3.44, in a range from $3.39 to $3.48. The average revenue estimate for the quarter is $12.1 billion. At the same time, the analysts’ average estimate for full-year EPS is $13.23, which would be up 15.4% on last year (based on 37 analysts). That estimate has risen 0.6% over the past 90 days. Of the analysts’ recommendations, 36 are positive, 3 neutral and 1 negative.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 0.9%. Its estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 4 of the last 4 quarters. Last quarter, EPS of $3.32 compared with an estimate of $3.23, above it by 2.8%.
The trends going in
The trailing operating margin was 60.7%, down 1.5 percentage points from a year earlier. Alongside that, the trailing net margin was 50.8%. Net income over the twelve months was $22.6 billion, which rose 11.4% on the year before.
How today compares
In the context of past results: today’s operating margin of 60.7% is higher than 35% of the company’s own past quarterly readings, which have ranged from 19.6% to 66.7%. Today’s twelve-month revenue growth rate of 14.4% is higher than 75% of past readings (−10.6% to 26.1%).
Questions this report will answer
Whether the pick-up in revenue growth continues. Whether results land above or below the analysts’ expectations set out above. Meanwhile, whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for value
For valuation, the figures matter through our model. In our model, growth 5 percentage points lower would lower the value by 24.7%, and 5 percentage points higher would raise it by 31.8%. A free-cash-flow margin 1 percentage point lower would lower it by 2.1%.
