NEW YORK, Jan 27, 2026, 19:10 EST — After-hours
- Visa shares fell roughly 1% in after-hours trading amid Washington’s scrutiny of a credit-card routing amendment
- The Senate Agriculture Committee is slated to hold a markup on Jan. 29, where a Marshall-Durbin amendment aimed at limiting network exclusivity will be considered
- Visa will hold its fiscal first-quarter earnings call on Jan. 29
Shares of Visa Inc dipped in after-hours trading Tuesday as investors digested changing prospects for a U.S. credit-card routing mandate and braced for the payments processor’s quarterly report due later this week.
This issue hits at the heart of Visa’s main business—routing rules. If credit cards are pushed to offer more network options, it could squeeze the fees Visa collects on its rails. The stock often moves quickly whenever this bill seems likely to get bundled into broader legislation.
This week features a crowded schedule. Thursday pits a Senate committee markup against Visa’s earnings report, forcing traders to balance policy news with corporate updates.
Visa shares dropped roughly 1% to $325.26. Mastercard slid around 1.3%, and American Express edged down about 1% in late trading.
The Senate Agriculture Committee set a business meeting for Thursday, Jan. 29 at 10:30 a.m. to discuss the Digital Commodity Intermediaries Act, the committee’s hearing notice reveals. It also outlines several proposed amendments. (U.S. Senate Agriculture Committee)
Sen. Roger Marshall’s amendment would bar credit card networks and major issuers from demanding exclusivity on credit cards, according to the text. It targets issuers holding over $100 billion in assets and blocks any rules forcing transactions onto a single network. (U.S. Senate Agriculture Committee)
Politico and Punchbowl News reported that Marshall has decided not to push the routing amendment at the markup, the ABA Banking Journal noted, even though it’s still listed on the committee’s website. The trade outlet added that Politico said the White House is pushing to get the underlying bill out of committee. (ABA Banking Journal)
Morgan Stanley analyst James Faucette told clients the latest update “should assuage near-term fears” about the Credit Card Competition Act and “makes the networks easier to buy,” according to Investing. If 10% of U.S. credit volumes shift and pricing pressure cuts fees, Morgan Stanley projects Visa could see a roughly 3.5% revenue hit in 2026.
On the Street, Cantor Fitzgerald’s Ramsey El-Assal kicked off coverage of Visa with an Overweight rating and a $400 price target, Benzinga reported. The analyst also began coverage of Mastercard, assigning it an Overweight rating and a $650 target, the report added. (Benzinga)
Visa has scheduled its fiscal first-quarter 2026 earnings call for Thursday at 5 p.m. ET. Investors will be zeroing in on payment volumes, cross-border travel spending, and any news on pricing or expenses. (Visa Investor Relations)
Outside Washington, Visa continued to roll out marketing and sponsorship updates. On Monday, it launched a U.S. campaign for Milano Cortina 2026, featuring athletes Mikaela Shiffrin and Oksana Masters, the company announced. (Visa)
Visa further connected the infrastructure for digital-asset cashouts. On Jan. 26, Mercuryo announced a partnership with Visa to broaden crypto-to-fiat “off-ramping” via Visa Direct. Visa Direct executive Anastasia Serikova described the move as “building bridges between the crypto space and the traditional financial system.” (FF News | Fintech Finance)
Visa’s sponsorship division made another play in women’s football. On Monday, FIFA announced Visa as a global sponsor for the inaugural FIFA Women’s Champions Cup 2026. Andrea Fairchild, a Visa executive, said the company was “proud to expand” its relationship with FIFA. (Inside FIFA)
The policy story can shift fast. Should Marshall step down, traders will be alert for another senator to take up the routing language. They’ll also keep an eye on how the committee deals with amendments affecting payments compared to crypto market structure.
Thursday brings two key events: the Senate Agriculture Committee meets at 10:30 a.m., followed by Visa’s earnings call at 5 p.m. ET. Investors will be watching closely for any changes in the regulatory outlook and Visa’s take on spending trends and cross-border demand.
