VISA (V) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for VISA.

Analyst Coverage

Research analysts who have asked questions during VISA earnings calls.

Darrin Peller

Wolfe Research, LLC

10 questions for V

Also covers: ACN, ADYYF, AFRM +28 more

Harshita Rawat

AllianceBernstein

10 questions for V

Also covers: ADYYF, FI, FISV +5 more

Sanjay Sakhrani

Keefe, Bruyette & Woods (KBW)

10 questions for V

Also covers: ALLY, AVDX, AXP +19 more

Timothy Chiodo

UBS Group AG

8 questions for V

Also covers: AFRM, AVDX, CHYM +18 more

Tien-tsin Huang

JPMorgan Chase & Co.

7 questions for V

Also covers: ACN, ADP, ALIT +27 more

Andrew Schmidt

Citigroup Inc.

5 questions for V

Also covers: ALKT, BILL, CWAN +17 more

Bryan Keane

Deutsche Bank

5 questions for V

Also covers: ACN, ADP, AFRM +18 more

Dan Dolev

Mizuho Financial Group

5 questions for V

Also covers: ACN, ADP, AFRM +16 more

Jason Kupferberg

Bank of America

5 questions for V

Also covers: ACN, ADP, AFRM +17 more

Will Nance

Goldman Sachs

5 questions for V

Also covers: AFRM, AMTD, CHYM +19 more

Daniel Perlin

RBC Capital Markets

4 questions for V

Also covers: AFRM, BR, FLYW +9 more

Trevor Williams

Jefferies LLC

4 questions for V

Also covers: ACIW, CPAY, FIS +8 more

Adam Frisch

Evercore ISI

3 questions for V

Also covers: AFRM, CHYM, FOUR +3 more

Andrew Jeffrey

William Blair & Company

3 questions for V

Also covers: AFRM, CHYM, COIN +8 more

David Koning

Robert W. Baird & Co.

3 questions for V

Also covers: ACN, AVDX, CNXC +17 more

Fahed Kunwar

Redburn Atlantic

3 questions for V

Also covers: MA, NWG

Gus Gala

Monness, Crespi, Hardt & Co., Inc.

3 questions for V

Also covers: COIN, EEFT, WU

Nate Svensson

Deutsche Bank

3 questions for V

Also covers: AFRM, BILL, CPAY +10 more

Ramsey El-Assal

Barclays

3 questions for V

Also covers: ACN, ADP, AFRM +23 more

Rayna Kumar

Oppenheimer & Co. Inc.

3 questions for V

Also covers: AFRM, BLSH, CPAY +14 more

Craig Maurer

FT Partners

2 questions for V

Also covers: AVDX, AXP, MA +4 more

James Faucette

Morgan Stanley

2 questions for V

Also covers: ACN, ADP, AFRM +29 more

James Fawcett

Morgan Stanley

2 questions for V

Also covers: AFRM, CHYM, UPST

Tianchen Wang

JPMorgan Chase & Co.

2 questions for V

William Nance

The Goldman Sachs Group, Inc.

2 questions for V

Also covers: AFRM, AMTD, AVDX +20 more

Bryan Bergin

TD Cowen

1 question for V

Also covers: ACN, ADP, ASUR +18 more

Dominick Gabriele

Compass Point Research & Trading, LLC

1 question for V

Also covers: AVDX, BFH, JKHY +2 more

Jeff Cantwell

Seaport Research Partners

1 question for V

Also covers: ACIW, AFRM, CHYM +6 more

Ken Szychowski

Anonymous Research

1 question for V

Paul Golding

Macquarie Capital

1 question for V

Also covers: CIFR, CLSK, CORZ +12 more

Ramsay Ellis

Cantor Fitzgerald

1 question for V

Tinjun Wong

JPMorgan

1 question for V

Latest news

Recent press releases and 8-K filings for V.

Visa completes acquisition of Prisma and Newpay

M&A

New Projects/Investments

Visa has completed its acquisition of Argentina’s Prisma Medios de Pago and Newpay, enhancing its local processing and real-time payments capabilities.
The transaction integrates Prisma’s card issuer processing and Newpay’s Banelco ATM and PagoMisCuentas platforms into Visa’s global network.
Visa will focus on platform integration to deploy technologies like tokenization, biometric authentication and intelligent risk tools across Argentina.
The deal remains subject to approval by the Argentine competition authority.

1 day ago

Press Release

Circle Internet Group tops Q4 with surge in USDC adoption

Earnings

Guidance Update

New Projects/Investments

Revenue of $770 million in Q4 (+77% YoY), led by $733 million in reserve income; net income $133 million; adjusted EBITDA $167 million (+412%).
Fiscal 2025 revenue of $2.7 billion with a $70 million net loss mainly due to $424 million IPO-related stock compensation.
USDC circulation reached $75.3 billion (+72% YoY) and Q4 on-chain USDC volume hit $11.9 trillion (+247%), with rising wallet counts and transaction activity.
Expanded infrastructure: Arc testnet with 100+ institutional participants, ~2.3 million daily transactions, on track for mainnet; Circle Payments Network onboarding 55 banks with 74 under review.
Partnerships with Visa, Intuit and Polymarket; preliminary OCC approval toward a national trust bank; guidance targeting ~40% USDC CAGR.

4 days ago

Bloomberg

Visa-Prosa acquisition blocked by Mexican antitrust commission

M&A

Legal Proceedings

Mexico’s National Antitrust Commission rejected Visa’s proposal to acquire a 51% stake in payment processor Prosa, finding the remedies insufficient to mitigate risks of market concentration and consumer harm.
Regulators noted the deal would leave Visa controlling two of three card issuers and two of four clearinghouses in Mexico, and grant access to detailed competitor card-payment data.
The transaction, first announced in December 2023, faced scrutiny amid prior warnings about ineffective competition in Mexico’s payments market.
Visa processed nearly $17 trillion in volume in fiscal 2025, operates in over 200 countries, and its systems handle more than 65,000 transactions per second, highlighting its global dominance.

Feb 20, 2026, 8:24 PM

Bloomberg

Visa plans Argentina acquisition of Prisma, Newpay

M&A

Visa agreed to acquire Argentine payments platforms Prisma and Newpay from private equity firm Advent International; financial terms were not disclosed, and the deal is expected to close in Q1 2026.
Prisma handles over six billion transactions annually for Argentina’s top banks and brings issuer-processing, real-time account-to-account payments, an ATM network, and bill-pay services into Visa’s operations.
Advent will retain Payway as a standalone merchant-acquiring business focused on instant payments, fraud security, and embedded financial services, with Martin Kaplan remaining CEO.
Visa CEO Ryan McInerney called the acquisition “an important step for Visa in Argentina,” noting double-digit growth in contactless face-to-face transactions in the most recent quarter.

Feb 19, 2026, 2:13 PM

Morningstar

Visa to Acquire Prisma and Newpay from Advent

M&A

Visa (NYSE: V) has entered a definitive agreement to acquire Argentine payments platforms Prisma and Newpay from Advent International.
Prisma processes over 6 billion transactions annually, while Newpay manages approximately 300 million peer-to-peer transfers per month and operates over 7,000 ATMs.
Advent will retain Payway, the leading merchant acquiring business in Argentina, as a standalone platform.
The transaction, aimed at enhancing Visa’s local payments infrastructure, is expected to close in Q1 2026, subject to customary closing conditions.

Feb 19, 2026, 2:13 PM

Press Release

Visa-backed Highnote makes Forbes Fintech 50 list again

Product Launch

New Projects/Investments

Highnote was named to the Forbes Fintech 50 for the second consecutive year, highlighting its influence in embedded finance.
Completed a $100 million Series B round in January 2025 and extended it by $25 million, supporting platform growth.
Expanded into U.S. merchant acquiring and launched Instant Payments via Visa Direct, Mastercard Move, RTP, and FedNow.
Rolled out 24/7 stablecoin funding, enterprise stablecoin settlement, and integrated credit funding with OatFi, with enterprise clients like Netevia and Splitit scaling adoption.

Feb 19, 2026, 2:10 PM

Press Release

Visa to acquire Prisma Medios de Pago and Newpay in Argentina

M&A

Visa enters definitive agreement to acquire Prisma Medios de Pago S.A.U. and Newpay S.A.U. in Argentina from Advent International.
Transaction expected to close in Visa’s fiscal Q2 2026, subject to regulatory approvals and closing conditions.
Combined platforms will integrate tokenization and biometric authentication, along with intelligent risk tools and agentic commerce solutions, to enhance payment speed and security.
Payway S.A.U. will remain independent and is not part of the transaction.

Feb 19, 2026, 2:08 PM

Press Release

Visa enters strategic partnership with Banqup for integrated e-invoicing and e-payment solutions

New Projects/Investments

Visa partners with Banqup to embed Visa Direct and Visa Commercial Solutions into Banqup’s platform, enabling SMEs to digitise and standardise invoice issuance and payment automation.
Banqup will leverage Visa’s global network to issue virtual commercial cards, allowing SMEs to extend payment terms while ensuring suppliers receive immediate payment.
The collaboration targets upcoming EU e-invoicing regulations affecting 26 million SMEs by 2028, aiming to streamline compliance, reduce administrative friction, and enhance cash-flow visibility.

Feb 18, 2026, 3:16 PM

Press Release

Visa reports surge in cardholder activity during Milan-Cortina 2026 opening weekend

Overseas Visa cardholder visits to Italy climbed over 60%, and spending jumped 80% versus the same weekend in 2025.
U.S. Visa cardholders led spending growth at 125%, followed by Canada and Switzerland; in Europe, Germany saw the highest visit increase at 31%.
Domestic and international Visa cardholders’ contactless transactions surged 140%, with mountain-venue spending up 95% from overseas visitors.
Apparel, dining and travel merchant categories posted the strongest increases, with apparel spending up 35%.

Feb 16, 2026, 10:58 PM

Press Release

Visa Inc. authorizes successive exchange offer for Class B common stock

Visa’s Board approved a successive exchange offer for outstanding Class B common stock once conditions are met, including one year since the initial offer and at least a 50% reduction in unresolved interchange reimbursement fees.
As of October 1, 2023, estimated interchange fees were $49.6 billion, versus $39.4 billion as of October 1, 2025, indicating the reduction condition will be satisfied upon pending claim dismissals.
Upon satisfying these conditions and SEC review, Visa plans to file a Form S-4 and allow holders of Class B-1 and B-2 shares to exchange for restricted Class B-3 and freely transferable Class C common stock.

Feb 13, 2026, 1:45 PM

8-K