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VISA INC

15 managers · $15.3B total
Data: SEC EDGAR 13F · 2026Q1
Manager holders · last 4 qtrsⓘ
15
2025Q2 – 2026Q1 · -1 QoQ
Total position
$15.3B
Combined value across tracked managers
Net move this quarter
↑ Adding
Weighted by holders' share change
HolderQ actionValue% of port.Style
TCIⓘAdd+9.9%$9.2B20.39%Concentrated / Value
EgertonAdd+3.74%$1.5B14.13%Global growth-value
FundsmithⓘTrim-12.18%$938M7.31%Quality growth / Long-term concentrated
SandsⓘTrim-10.35%$837M3.29%High-conviction growth / Innovation-led
PolenⓘTrim-27.54%$739M5.11%Quality growth / GARP concentrated
ValueActAdd+34.8%$700M12.26%Activist / Quality
AkreⓘTrim-38.77%$495M8.07%Quality compounders / Three-legged stool
MarkelAdd+0.5%$304M2.54%Insurance float / Long-term value
Harris (Oakmark)Trim-2.46%$217M0.29%Deep value / Contrarian long-term
Valley ForgeTrim-34.66%$181M5.36%Ultra-concentrated / Quality growth
GivernyⓘTrim-2.7%$120M4.39%Long-term growth-value
MarathonAdd+18.6%$46M1.78%Capital cycle / Contrarian value
HoskingⓘTrim-27.8%$7M0.24%Contrarian value / Global diversified
SaberAdd+29.61%$5M3.41%Concentrated value
AKOTrim-17.46%$0M7.02%Quality growth / Concentrated long-term
What managers sayⓘ
2026-06-30The Capital Cycle (Marathon)BullPassive’s Massive AI Gamble (June 2026)Detail →
2026-06-18Michael Mauboussin (Consilient Observer)NeutralOpportunities and Expectations: The Present Value of Growth Opportunities in ValuationDetail →
2025-08-05Horizon KineticsBear2nd Quarter 2025 CommentaryDetail →
2024-03-31Oakmark FundsNeutralNavigating market highs and (avoiding) value traps - U.S. equity market commentary 1Q24Detail →
2023-06-30FundsmithNeutralFundsmith Equity Fund Interim Report 2023Detail →
2015-12-31Giverny CapitalBullGiverny Capital Annual Letter to Partners 2015Detail →
2014-06-30Oakmark FundsBullBill Nygren Market Commentary | 2Q14Detail →
2014-06-30FundsmithNeutralFundsmith Equity Fund Interim Report 2014Detail →
Earnings Callsⓘ
Q2 2026April 29, 2026
›
Visa's Q2 2026 results beat expectations, with net revenue up 17% year over year—the fastest growth since 2022—driven primarily by strong contributions from VAS and CMS.
Key data: Net revenue of $11.2 billion (+17%), EPS of $3.31 (+20%), payment volume of $3.7 trillion (+9%).
Business developments: VAS revenue reached $3.3 billion (+27%), CMS revenue grew 24%, stablecoin card programs exceeded 160 (transaction volume up nearly 200%); Pismo signed major banks such as Wells Fargo and expanded to 15 countries.
Guidance: Raised full-year net revenue and EPS growth expectations to low-double-digit to low-teens, with Q3 net revenue growth expected to be the lowest quarter of the fiscal year.
Risks/highlights: Management expressed strong optimism about AI agent commerce and stablecoin prospects, but the Middle East conflict caused a slowdown of approximately 2.5 percentage points in CEMEA payment volume growth.
Q1 2026January 30, 2026
›
FinancialsⓘFY2025 · Source: SEC EDGAR 10-K

5y revenue CAGR 13% · latest net margin 50.1% · FCF consistently positive

Revenue$40.0B
Rev. YoY+11.3%
Gross margin—
Net margin50.1%
Net income$20.1B
Free cash flow$21.6B
Operating cash flow$23.1B
ROE52.9%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.