Visa Stock Holds Gains After Strong Q2 2026 Results and Raised Guidance
Visa's stock price remained above $360 after its strong Q2 2026 results and increased full-year guidance. The company's net revenue rose 17% year-over-year to $11.2 billion, while earnings per share grew 20%. In constant currency terms, Visa's fiscal second quarter net revenue expanded 16% year-over-year.
The growth was driven by resilient consumer spending, ongoing cash-to-card conversion, and cross-border travel flows. Value-added services revenue, including risk, loyalty, and data solutions, increased 27% in constant dollars in the second quarter. Visa's management attributed the net revenue outperformance to higher-than-expected volatility, stronger value-added services revenue, and lower incentives.
The company raised its full-year guidance for both net revenue and earnings, expecting total net revenue growth in the low double-digit to low-teens range on an adjusted constant-currency basis. Adjusted EPS growth is now guided in the low-teens range for the full year. Operating expense growth is also projected in the low double-digit to low-teens range.
Analysts are optimistic about Visa's prospects, with Bernstein maintaining a price target of $450 per share and expressing confidence that the company can sustain its double-digit earnings expansion.