SAN FRANCISCO, April 26, 2026, 09:00 (PDT)
- Visa is set to release its fiscal second-quarter earnings Tuesday, following the closing bell.
- Truist trimmed its price target for Visa down to $361 from the previous $372, while sticking with its Buy rating.
- The report puts card spending and cross-border transactions under the microscope, checking if both remain resilient.
Visa Inc. is set to report its fiscal second-quarter results this week, with analysts eyeing fresh signals on consumer spending. Truist trimmed its price target for the payments giant but maintained its positive rating on the shares.
Timing is key here. Visa will release its results April 28 after markets close—an early read for investors tracking card spending, travel trends, and e-commerce before more retail data hits. According to the company, results will go up with the SEC and on its investor relations site, followed by a webcast at 2 p.m. Pacific.
Truist trimmed its Visa price target down to $361 from $372 while sticking with a Buy, TipRanks wrote, citing The Fly. The note pointed to a “mostly positive” earnings set-up—U.S. bank results hint at volume upside for payments, consumer spending looks solid heading into 2026, and Visa’s valuation has come down after a stretch of underperformance. TipRanks
Visa is forecast to post earnings of $3.10 per share on roughly $10.74 billion in revenue, per Benzinga data. The stock finished Friday’s session at $309.42, a 0.17% gain, though it dipped a bit in after-hours trade.
Visa turned in strong numbers last quarter. Net revenue climbed 15% to $10.9 billion in the fiscal first, and non-GAAP earnings landed at $3.17 per share. Investors often prefer those non-GAAP results, which exclude one-time or accounting adjustments, for a clearer look at core performance.
Visa’s core metrics held up. In the quarter through Dec. 31, payments volume climbed 8% in constant dollars, while cross-border volume — excluding intra-Europe — added 11%. Processed transactions increased 9%, reaching 69.4 billion. Cross-border volume matters for Visa, since it reflects spending that crosses national borders, from travel to global e-commerce.
Back in January, Chief Executive Ryan McInerney pointed to “resilient consumer spending and a strong holiday season,” along with gains in value-added services and money movement products, as key to the quarter’s results. Investors are watching to see if those trends held up after the holidays, with management expected to offer more detail on Tuesday about the current pace of U.S. spending. SEC
But Visa isn’t the whole story. Mastercard, its main public rival, drops first-quarter numbers on April 30, with a 9 a.m. Eastern conference call lined up. That’s just two days after Visa, so investors will be watching for fresh details on payment flows, cross-border trends and merchant behavior.
Still, risks linger. A pullback from consumers, any slowdown in travel outlays, or a jump in costs—all could blunt what might otherwise be a solid profit beat, even if revenues line up with forecasts. And then there’s the regulatory front: Visa faces a Justice Department suit from 2024, which alleges the company stifled debit processing competition. Visa has pushed back, calling the allegations baseless and pledging to fight them.
Right now, the next swing for the stock looks tied less to Visa beating earnings by a narrow margin and more to whatever the company reveals about April volumes, cross-border trends, and network defense spending. Investors have listened to the resilience pitch before. This time, they’re looking for new evidence.
