# Visa stock Q3 2026: a $12.1bn quarter, 14% cross-border growth and a slower 2027
> Visa stock Q3 2026: net revenue up 13% to $12.1bn, cross-border volume up 14% and a slower 2027 outlook. Our DCF says $264 vs a $414 price. Here is why.

Agent brief for this QSI Labs research article. Prefer this file for quick facts; use the HTML page for the full human layout, or article.md for the full text.

## Facts
- Ticker: V
- QSILabs fair value: $264.07 USD
- Price: $413.59 (as of 2026-10-30)
- As of: Q3 2026: fiscal Q4 2026 results (quarter ended 2026-09-30), Form 8-K filed 2026-10-27
- Published: 2026-11-02
- Author: QSI Labs Research
- Canonical: https://www.quantitativesuperintelligencelabs.com/research/visa-stock-q3-2026-earnings-cross-border-buybacks/

## Short answer
Visa stock goes into November 2026 after the best year the payments network has had in more than a decade, and a forecast that says the next one will be slower. Visa's fiscal fourth quarter of 2026, which ran from July to September and is the same as calendar Q3 2026, brought net revenue of $12.1bn, up 13%, cross-border volume growth of 14% and non-GAAP earnings of $3.48 per share. The question for Visa stock in Q3 2026 is what investors should pay for a business that compounds at low double digits. All figures are as of Visa's fiscal Q4 2026 results, reported on 27 October 2026; share prices are as of the 30 October 2026 close of $413.59.

## Key takeaways
- Value: the QSILabs discounted cash flow value for Visa (V) is $264.07 per share as of its fiscal Q4 2026 results, against a $413.59 close on 30 October 2026, about 36% lower.
- Quarter: Visa net revenue was $12,139m in fiscal Q4 2026 (quarter ended 30 September 2026), up 13% from $10,724m a year earlier, with GAAP EPS of $3.19 (+22%) and non-GAAP EPS of $3.48 (+17%) (Visa 8-K, 27 October 2026).
- Full year: fiscal 2026 net revenue was $45,903m, up 15%, the fastest growth in more than 15 years outside the post-pandemic rebound and acquisitions, with GAAP net income of $23,504m and operating cash flow of $23,728m.
- Network: payments volume rose 9% in constant dollars in the quarter, cross-border volume excluding intra-Europe 14% and processed transactions 10% to 74.2 billion.
- Outlook: Visa expects fiscal 2027 net revenue growth in the low double digits and adjusted EPS growth of low double digits to low teens, below fiscal 2026's 15% and 16%; analysts expect revenue of $51.0bn.
- Cash returns: Visa spent $20.5bn on buybacks and $5.1bn on dividends in fiscal 2026, more than its $22.1bn of free cash flow, and raised the quarterly dividend 16% to $0.78.

## Full versions
- [HTML](https://www.quantitativesuperintelligencelabs.com/research/visa-stock-q3-2026-earnings-cross-border-buybacks/)
- [Markdown](https://www.quantitativesuperintelligencelabs.com/research/visa-stock-q3-2026-earnings-cross-border-buybacks/article.md)
- [PDF](https://www.quantitativesuperintelligencelabs.com/research/visa-stock-q3-2026-earnings-cross-border-buybacks/visa-stock-q3-2026-earnings-cross-border-buybacks.pdf)
- [This agent brief](https://www.quantitativesuperintelligencelabs.com/research/visa-stock-q3-2026-earnings-cross-border-buybacks/llms.txt)

Publisher: QSI Labs (Quantitative Super Intelligence Labs)
Site index: https://www.quantitativesuperintelligencelabs.com/llms.txt