Visa reported a 15% increase in net revenue to $10.9 billion in fiscal 2026, with EPS up 15% as well. Payments volume grew 8% to nearly $4 trillion, and processed transactions increased by 9% to 69 billion. The outperformance was driven by value-added services and commercial/money-movement solutions.

Management emphasized the “Visa as a Service” push, including tokenization, stablecoin settlement, and issuer-processing wins. They maintained full-year guidance and announced returning capital through buybacks and dividends. Revenue increased 13% in constant dollars, and EPS rose 14% in constant dollars in fiscal Q1.

Visa’s performance was driven by three factors: stronger value-added services revenue, lower client incentives, and strong commercial and money movement solutions revenue. Service revenue grew 13%, data processing revenue rose 17%, and international transaction revenue increased 6%. Visa Direct transactions increased by 23% to 3.7 billion.

Visa detailed performance across major revenue components, highlighting growth in service revenue, data processing revenue, international transaction revenue, and other revenue. Client incentives increased by 12%, and commercial and money movement solutions revenue grew by 20% in constant dollars. Value-added services revenue grew by 28% in constant dollars.

Visa’s strategy revolves around a “Visa as a Service stack,” with innovations in credentials, tokens, stablecoins, issuer processing, and risk and security. The company has over 5 billion credentials globally and more than 17.5 billion tokens. It aims to build an interoperable layer between stablecoins and traditional fiat payments.

Looking ahead, Visa maintains full-year expectations for revenue growth and expects adjusted net revenue growth in the low double digits for fiscal Q2. The company anticipates adjusted operating expenses to grow in the mid-teens in Q2. Visa also revised its full-year tax rate expectations lower and expects full-year non-operating expenses of approximately $100 million to $125 million.

Visa Inc. is a global payments technology company that operates one of the world’s largest payment networks. The company’s product and service portfolio includes card-based payment products, real-time push-payment capabilities, tokenization services, fraud and risk-management tools, data analytics, and APIs for fintech and merchant integration.

Read more at Yahoo Finance: Visa Q1 Earnings Call Highlights